Miles is a technology company.
Miles has raised $23.0M across 3 funding rounds.
Key people at Miles.
Miles has raised $23.0M in total across 3 funding rounds.
Key people at Miles.
Miles Technologies (Miles IT) is a managed service provider (MSP) and business technology consulting firm founded in 1997, headquartered in Lumberton, New Jersey, with branches including Tampa and Pasadena.[1][2] The company delivers comprehensive IT solutions nationwide, including managed IT services with proactive monitoring and maintenance, cybersecurity, cloud computing migrations, custom software development, ecommerce platforms, and digital marketing, serving businesses across industries like architecture consulting.[1][3] With 501-1,000 employees and annual revenue around $27.4 million, Miles IT emphasizes consultative technology selection, design, implementation, and support to help clients "accomplish more," as evidenced by strong client reviews praising their 24/7 support, expert teams, and one-vendor solutions.[1][2]
Their growth includes partnerships with major vendors like VMware, Cisco, Citrix, Google, and Barracuda, alongside services such as web development, backup/recovery, CRM, and data storage.[1] Client testimonials highlight rapid assembly of dedicated tech teams, network optimizations with minimal disruption, and rare integration of IT, software, and marketing expertise.[1][3]
Miles Technologies was established in 1997 as a premier MSP focused on business technology solutions.[1] Operating from its headquarters at 100 Mount Holly By Pass in Lumberton, New Jersey (phone: 856-439-0999), the company has grown to serve clients nationwide, with a presence in locations like Tampa and over 47 branches.[1][2] Key early traction is reflected in client engagements dating back to at least 2014, such as assembling a 24/7 "IBF Tech Team" for international network support with minimal staff inconvenience.[1]
The firm's evolution centers on expanding from core managed IT to a full-spectrum provider, incorporating cybersecurity, custom software, and digital services, as noted in their commitment to consultative implementation and maintenance.[2] No specific founders are detailed in available records, but their 25+ years of operation underscore a steady focus on tech enthusiasts driving business efficiency.[1][2]
Miles IT rides the wave of digital transformation and cybersecurity demands in a post-pandemic era, where businesses seek outsourced MSPs to handle complex IT amid rising threats and cloud adoption.[1] Timing aligns with market forces like remote work persistence and cyber risks, positioning them to capitalize on the growing MSP sector (projected multi-billion growth), especially for mid-sized firms needing scalable, nationwide support without in-house teams.[2][3]
They influence the ecosystem by enabling efficiency for diverse industries—e.g., architecture via system expansions—through vendor-agnostic consulting that bridges IT gaps, fostering resilience via proactive monitoring and custom tech.[1][3] As a mid-tier player with strong reviews, they democratize enterprise-grade tools like Cisco and Google integrations for smaller clients.[1]
Miles IT is poised for continued expansion in the MSP market, potentially scaling via acquisitions or new service lines like AI-driven cybersecurity, given their consultative edge and funding history (under $5M across rounds).[2] Trends like zero-trust security and hybrid cloud will shape their path, amplifying demand for their all-in-one model amid talent shortages.
Their influence may evolve toward deeper operating support for SMBs, solidifying as a go-to for "one solution" tech stacks—echoing their origin as tech enthusiasts empowering businesses to accomplish more through reliable, nationwide IT innovation.[1][2]
Miles has raised $23.0M in total across 3 funding rounds.
Miles's investors include 3one4 Capital, Bain Capital Ventures, Cornerstone Venture Partners, Draper Associates, Eaglehead Capital, Fusion Fund, Gutbrain Ventures, Intel Capital, Hans Tung, Race Capital, Rain Capital, Sapphire Ventures.
Miles has raised $23.0M across 3 funding rounds. Most recently, it raised $13.0M Series A in July 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2021 | $13.0M Series A | 3one4 Capital, Bain Capital Ventures, Cornerstone Venture Partners, Draper Associates, Eaglehead Capital, Fusion Fund, Gutbrain Ventures, Intel Capital, Hans Tung, Race Capital, Rain Capital, Sapphire Ventures, Tribe Capital, Bart Swanson | |
| Mar 1, 2019 | $6.0M Series A | TDK Ventures, Team Global | |
| Jul 1, 2018 | $4.0M Seed | Draper Associates, Eaglehead Capital, Jonathan Axelrod, Fontinalis Partners, Fusion Fund, Goodwater Capital, Gutbrain Ventures, Hoxton Ventures, Montauk Ventures, Hans Tung, Race Capital, Rain Capital, Rainfall Ventures, Scrum Ventures, Seven Seven Six, Team Ignite Ventures, Y Combinator, Apoorva Ruparel, Ashish Toshniwal, Bart Swanson, Emmett Shear, Harris Barton, Louis Beryl, Mary Lin, Tikhon Bernstam |
