Nasuni Raises $10 Million In New Venture Capital Financing
All Prior Investors Participated in the New Round, Which Will Fuel Nasuni's Triple-Digit Growth Through Further Investment in Engineering, Sales and Marketing
NATICK, Mass., August 11, 2014-- Nasuni®, a provider of enterprise storage as a service to global organizations, today announced that it has secured $10 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 $53 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 percent over the same period in 2013. In fact, the company has already exceeded 2013's full-year sales bookings.
"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."
The Nasuni Service provides globally distributed organizations 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, centralized 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 virtualization 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," said 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."
Nasuni is an enterprise storage company that provides globally-distributed organizations with a simple, unified storage solution. By combining on-premise hardware with cloud storage, Nasuni delivers a secure, all-in-one data storage solution that provides local performance for users, simplified and centralized management for IT, and an easily scalable, complete storage solution for the enterprise. Nasuni is privately held and based in Natick, Mass. For more information, visit www.nasuni.com.
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