Showing posts with label Scality. Show all posts
Showing posts with label Scality. Show all posts

Tuesday, April 17, 2018

Scality raises $60 million for multicloud software-defined storage

Scality, a start-up based in San Francisco, raised an additional $60 million in venture funding for its multi-cloud Scality RING Software-Defined Storage platform.

The financing was arranged by Silverpeak, a leading Europe-based technology-focused independent investment bank. This round brings the company’s total funding to date to $152 million.

“Scality has a history of industry firsts: first to offer an S3 interface in 2010; first with native scale-out file system interfaces in 2013; first to adopt Docker in 2015; and first to introduce multi-cloud data control with Zenko in 2017,” said Jerome Lecat, CEO of Scality. “We are very proud that our customers are delighted by the reliability, performance and cost-effectiveness of our solutions, and at the same time, they praise us for our forward thinking. The Fourth Industrial Revolution is a real force, challenging every company in its business model, and challenging every IT department. We help our customers be ready. Technology is not the goal; innovation is what allows us to deliver what seemed impossible: freedom and control at the same time. Thanks to Scality, enterprises and service providers can avoid hardware lock-in and cloud lock-in;  while accommodating massive amounts of data growth and extract value from data.”

Tuesday, August 25, 2015

Scality Raises $45 Million for Software-Based Storage

Scality, a start-up based in San Francisco, completed a $45 million Series D funding round for its software-based storage solution.

Scality’s RING platform runs on standard x86 servers powered by Linux, such as the ones of HP, Dell, Cisco, SuperMicro, or Seagate. It uses an object storage architecture to create an unlimited storage pool for file, object and OpenStack applications.

The latest funding round includes new entrant and strategic partner BroadBand Tower, Inc. (BBTower), all existing investors, led by Menlo Ventures, and 65% of the Scality staff, bringing the total investment in Scality to $80 million.

Since its last round of funding in July 2013, Scality has increased its revenue by 400%, grew its staff from 42 to 160, announced major customers, including most recently Deluxe, RTL II, and Phoenix, and signed major distribution agreements. This includes a global resale agreement with HP signed in October 2014 and a recent deal with Dell,  as well as other relationships with server manufacturers.  The company claims more than 50% of the server market is reselling Scality RING software.

“Over the course of the last year-and-a-half, we’ve seen an unprecedented amount of funding given to software storage startups. At the same time, we’ve seen the traditional storage vendors lose market share, change leadership and shift their business model to mimic the software-defined strategy. This latest funding round comes at a time when Scality and the software-defined storage industry are poised to attract billions of dollars from customers that are rethinking their storage strategies. Within our Series D, we are happy to welcome BroadBand Tower, and can report that all of our existing investors have contributed, as well as 65% of Scality employees,” said Jerome Lecat, CEO at Scality. “Our employees and partners believe in us, and the fact that this last funding round was done at 2x valuation speaks volumes about the overall confidence in the future of Scality. This new capital investment will allow us to massively boost our go-to-market, attract strategic new hires, continue to expand globally, and be primed for a successful IPO by 2017.”

http://www.scality.com

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