Cloudian raises $41 million in a Series D funding round

Source of the news: http://www.businesswire.com/news/home/20161117005374/en/Founding-Members-Kubernetes-Team-Create-Company-Heptio

Cloudian today closed a $41 million in a Series D funding round that it will use to help increase its sales footprint in Europe and Asia in the second half of 2017.

New Cloudian investors in the round included Lenovo, City National Bank, Epsilon Venture Partners and Delta Venture Labs. Previous investors Intel Capital, INCJ, Eight Roads, Fidelity International Limited, and Goldman Sachs also contributed to the round.

Cloudian’s largest funding round brings total investment in the object storage vendor to $79 million.

Cloudian’s software is based on Amazon S3 APIs for on-premises and public cloud storage. Cloudian secured partnerships with Amazon, Google and Lenovo this year.

Customers now can purchase Cloudian’s flagship object storage-based HyperStore through Amazon Web Services marketplace. They can deploy the software in their data center and centralize usage while getting billed through a monthly AWS invoice. They can also purchase both on-premises storage and Amazon S3 storage on a metered-by-usage basis and manage it as a single pool.

Lenovo sells a DX 8200C appliance with Cloudian software integrated. Cloudian HyperStore software. HyperStore is also integrated with Google Cloudline, allowing customers to migrate files based on age, frequency of access and file type. Customers can search data locally for discovery purposes, and administrators can manage it as a single pool.

“We need to scale our team to work with them,” Michael Tso, Cloudian’s CEO and founder, said of the startup’s partners. “The marketplace that we are attached to is starting to take off. We are at the convergence of the demand for our product. We have been relatively quiet (but now) we are ready to step up on the marketing side.”

Cloudian claims it has experienced a 300% increase in bookings and 100% growth in its customer base over the past year.

The company raised $11.58 million in a Series A funding round in April 2012, followed by $5,1 million in October 2013 and another $24 million in June 2015. The initial investment money that took place in May 2007 was not disclosed.

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