Nasuni, a cloud-integrated storage provider for the global enterprise that combines on-premise hardware with cloud storage, has struck a $10 million round of venture capital funding. Early investors like Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners, were joined by newer investors as they participated in this extension of the company’s C round.
“Simply put, we wanted a bigger share of Nasuni,” said Paul Flanagan, managing director at Sigma Partners. “With their disruptive technology and approach to delivering enterprise storage as a service, Nasuni is revolutionizing the way data storage is deployed. Clearly, we’re excited about the company and have been super impressed with its growth. The opportunity here is enormous, and Nasuni is perfectly positioned to take full advantage of IT’s shift to the cloud.”
Andres Rodriguez, founder and CEO explains, “The Nasuni Service liberates data from the limitations and high cost of traditional storage silos. With this new financing, we will expand our outreach and accelerate innovation and market adoption.”
Firmly established vendors like EMC and NetApp are probable competitors that Nasuni’s unified storage intends to take on with a patented UniFS Global File System, which gives users fast access to a global file share no matter where they are located.
The Nasuni Service logged a 232-percent increase in bookings in the second quarter of 2014 and 181-percent sales growth. Expected to be a few years away from an IPO, this Boston startup will use the new funds to scale engineering, sales and marketing efforts.
Read more here.
(Image credit: Nasuni)
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