Nasuni, a provider of enterprise storage as a service to global organisations, has secured USD10 million in new venture capital financing.
Previous investors Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners, as well as a strategic investor, all participated in this extension of Nasuni's C round.
The new financing brings the total funds raised by Nasuni to USD53 million.
The new funds will fuel Nasuni's triple-digit growth through increased investments in engineering, sales and marketing. In its most recent quarter, Nasuni's bookings grew 232 per cent over the same period in 2013. The company has already exceeded 2013's full-year sales bookings.
"Simply put, we wanted a bigger share of Nasuni," says Paul Flanagan, managing director at Sigma Partners. "With their disruptive technology and approach to delivering enterprise storage as a service, Nasuni is revolutionising 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."
Nasuni provides globally distributed organisations with a unified storage infrastructure that gives all end-users fast access to a global files hare no matter where they are located and provides IT with simple, centralised storage management and automatic data protection. Nasuni's patented UniFS Global File System makes data available anywhere around the world, managed and protected, without replicating physical copies and without contention since there is only one master source of the data. This file data virtualisation drastically reduces the cost and burden of storing and managing end-user file data, and gives IT a fast, easy way to scale enterprise storage to any number of locations across the globe.
"We've begun consistently displacing the likes of EMC and NetApp in global accounts," says Andres Rodriguez, CEO of Nasuni. "We're accomplishing this because 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."
