Hybrid object storage solutions provider Cloudian
has raised $94 million in equity funding. Established in 2011, Cloudian provides object storage and distributed file system solutions for business customers. The company is regarded as a hybrid object storage solutions leader. With headquarters in San Mateo, California, United States, its storage offerings are almost limitlessly scalable and provide an architecture that allows information to be quickly shared regardless of distance. The company’s latest financial injection is its fifth round of equity funding and was provided with the support of a number of investors including Goldman Sachs, Lenovo and WS Investments.
Cloudian offers businesses a hybrid cloud storage system which is located on-premise. The technology provides an ideal solution for the storage of unstructured data including audio and video. The company is operating in a part of market that is growing quickly. According market research company IDC in 2018 the global enterprise storage market grew by nearly 35% and generated $42 billion. Its latest round of investment is its largest to date.
“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,” explained Michael Tso, CEO of Cloudian in a press release. “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.”Do you know of any other companies raising funds? Let us know the details. Add your comments below.