California’s Cloudian raised $94 million in Series E venture capital this week, securing what the company says is the largest-ever investment round for a “distributed file systems and object storage provider.”
Reports in MarTech Advisor said that Cloudian has now raised a total of $173 million for its enterprise data storage solution. Using a mix of private and public clouds, the company lets businesses manage their growing data storage requirements as a result of digitization.
“Cloudian redefines enterprise storage with a global data fabric that integrates both private and public clouds — spanning across sites and around the globe — at an unprecedented scale that creates new opportunities for businesses to derive value from data,” Cloudian CEO Michael Tso said. “Cloudian’s unique architecture offers the limitless scalability, simplicity and cloud integration needed to enable the next generation of computing driven by advances such as IoT and machine learning technologies.”
The company zeroes-in on industries dubbed “data-intensive,” including healthcare, media and manufacturing. These businesses not only consume a high volume of data, but that data is also streaming in and out of multiple areas within the enterprise. Cloudian provides a unified management strategy for these companies.
Investors from Digital Alpha, Eight Roads Ventures, Goldman Sachs, INCJ, JPIC, NTT DOCOMO Ventures and WS Investments participated in the investment round, which will be used to focus on marketing and sales, as well as to expand its engineering team.
“For too long, enterprise storage users have settled for solutions that offer incrementally more performance or scale without fundamentally addressing the challenge of global data management,” said Eight Roads Ventures senior managing partner Daniel Auerbach. “When Eight Roads Ventures first invested in Cloudian in 2014 we saw a different approach — here was a company applying cloud-scale technologies to the enterprise storage challenge. This, our third round of investment, affirms out belief in Cloudian’s innovative approach and next stage of growth.”
Cloudian’s funding was part of more than $205 million raised by B2B startups this week.