Sunday, October 30, 2016

Cloudian Raises $41M for Cloud Object Storage Platform

Cloudian, a start-up based in San Mateo, California, announced $41 million in new venture funding for its hybrid cloud object storage system.

Cloudian's modular, scale-out platform allows a single storage manager to effectively manage hundreds of petabytes of capacity, a level that would require a dozen or more storage managers with conventional systems.

In August, Cloudian announced the availability of Cloudian HyperStore on AWS Marketplace. This enables customers to purchase their on-premises storage on a metered-by-use basis, manage it alongside Amazon S3 storage as a single pool, and then receive a single invoice for both.


In June of this year, Cloudian and Lenovo announced an OEM agreement that enables Lenovo’s worldwide salesforce to offer a Cloudian-based object storage appliance.

“Data center managers need new solutions to help them contend with today’s explosive growth in unstructured data. Across all industries – from media, to medical, to industrial – new applications and technologies are driving 50 percent growth of unstructured data per year, creating a crisis of cost and complexity for storage managers,” said Michael Tso, CEO and co-founder, Cloudian. “Cloudian object storage redefines the enterprise data center with hybrid cloud solutions that bring the flexibility and simplicity of public cloud storage into our customer’s data centers, simplifying management and reducing TCO by 70 percent versus conventional storage systems.”

The funding round includes new investors Lenovo, City National Bank, Epsilon Venture Partners, and DVP Investment. Also participating were all existing investors, including Intel Capital, INCJ, Eight Roads (the proprietary investment arm of FIL, Fidelity International Limited), and Goldman Sachs. The funding brings Cloudian’s total capital raised to date to $79 million.

http://www.cloudian.com

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