What is 11:11 Systems?
11:11 Systems is a privately held American company headquartered in Fairfield, New Jersey, specializing in a comprehensive suite of managed infrastructure and cloud technology services. Its core offerings encompass cybersecurity, connectivity, cloud infrastructure, disaster recovery, and managed IT services, primarily targeting enterprise organizations. The company operates a global managed infrastructure platform designed to facilitate the modernization, security, and management of mission-critical technology environments. Established by Brett Diamond in partnership with Tiger Infrastructure Partners, 11:11 Systems was founded with the objective of consolidating disparate cloud infrastructure, managed security, connectivity, and disaster recovery capabilities into a unified operational platform. This strategic consolidation aims to deliver integrated enterprise infrastructure services, addressing the increasing demand for operational resilience and digital transformation across various industries. The company's growth trajectory has been significantly influenced by strategic acquisitions, platform integration initiatives, and international infrastructure expansion.
How much funding has 11:11 Systems raised?
11:11 Systems has raised a total of $72M across 1 funding round:
Debt
$72M
Debt (2022): $72M with participation from Fifth Third Bank
Key Investors in 11:11 Systems
Fifth Third Bank
Fifth Third Bank, a major financial institution, likely provided debt financing, supporting 11:11 Systems' capital-intensive infrastructure and expansion plans. Their involvement suggests a focus on established companies with strong operational capabilities and clear growth strategies.
What's next for 11:11 Systems?
The substantial enterprise-level funding secured by 11:11 Systems positions the company for accelerated expansion and further platform development. This capital infusion is expected to fuel continued innovation in cybersecurity, cloud infrastructure, and managed IT services, enabling 11:11 Systems to enhance its global reach and service offerings. The company's strategic focus on integrating diverse technological capabilities into a cohesive platform suggests a continued emphasis on acquiring complementary businesses and investing in organic growth initiatives. As the demand for resilient and secure digital infrastructure intensifies across industries, 11:11 Systems is well-positioned to capitalize on market opportunities, further solidifying its role as a key provider of comprehensive enterprise technology solutions.
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