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Cloud Expo: Article

Cloudian Receives $24 Million in New Funding Round

Cloud Expo Sponsor Cloudian to advance new hybrid cloud initiatives and accelerate expansion into global enterprise markets

Cloudian has announced that it has closed a $24 million financing round with new investors, INCJ and Fidelity Growth Partners, and existing Cloudian shareholders, including Intel Capital. All three funds actively seek well-positioned, high-growth, enterprise-focused companies for investment and targeted Cloudian as a key provider of hybrid cloud storage solutions. The funding will enable the company to extend its global sales and marketing reach through targeted programs and amplified market development.

"This substantial investment is strong validation of our unique and leading approach to enterprise on-premises storage and hybrid cloud storage," said Michael Tso, CEO and co-founder of Cloudian. "The rapid growth of unstructured data is transforming the data storage landscape. With this funding, we will accelerate the deployment of our production-proven storage solutions and revolutionize the cost, scalability and availability models for storing unstructured data in the enterprise."

Cloudian HyperStore® plug-and-play software allows the easy deployment of enterprise private clouds using any commodity hardware. It is fully Amazon S3-compliant so enterprises can choose to leverage public cloud infrastructure such as Amazon Web Services (AWS) for long-term bulk storage while keeping their most critical data on-premises. This unique hybrid cloud approach ensures unlimited capacity expansion, straightforward data tiering, and unfettered use of the vast ecosystem of AWS S3 applications - all behind the firewall.

INCJ will join Intel Capital on the Cloudian board of directors.

More Stories By Elizabeth White

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