Cloudian, a provider of hybrid cloud storage solutions, has closed a $24 million financing round, which will enable the company to expand its global sales and marketing reach, and develop its solutions for dealing with rapid growth of unstructured data.
The new financing round included new investments from Innovation Network Corporation of Japan and Fidelity Growth Partners, and existing Cloudian shareholder Intel Capital.
Cloudian’s HyperStore software allows enterprises to easily deploy of private clouds on commodity hardware, but also push data to Amazon S3 cloud object storage. This allows enterprises to create tiered hybrid storage where, for instance, Amazon’s public cloud is used for long-term bulk storage, and their most critical data is kept on-premises. This is particularly useful for companies with large growing amounts of unstructured data.
According to Cloudian CEO and co-founder Michael Tso, the new funding 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.” Read More.