Tidemark Nets $13 Million for Enterprise Analytics
August 7th, 2013 By: John Rath
Tidemark raises $13 million to continue its product momentum and innovation, Nasuni launches Cloud Mirroring, and Caringo adds Amazon S3 support in version 2.0 of its CloudScaler software.
Tidemark raises $13 million. Cloud-based enterprise Analytics company Tidemark ended its fiscal year with a bang – seeing 250 percent growth and receiving $13 million in new financing. The company announced that it has secured $13 million in new venture financing, to further propel its legacy replacement momentum and to support additional innovation. Tenaya Capital led the round, with participation from existing investors Greylock Partners, Andreessen Horowitz and Redpoint Ventures. This latest round brings the total amount raised to over $48 million.“Tidemark is innovating in a space that hasn’t significantly changed in the last 15 years,” said Tom Banahan, Managing Director of Tenaya Capital. “After evaluating several companies in this important category, we concluded that Tidemark was the only company truly disrupting the legacy approach to analytics. Tidemark’s founders and management have deep domain experience and they have built an exceptional team across every piece of the business. We are excited about our opportunity to help accelerate Tidemark’s disruption of the enterprise analytics marketplace.” Adding numerous Fortune 1000 customers, Tidemark recorded 250 percent year-over-year growth in the first half of its fiscal year ending July 31.
Nasuni launches Cloud Mirroring. Enterprise storage provider Nasuni announced the availability of Cloud Mirroring. This new feature is designed to provide customers an even higher level of availability and redundancy. Cloud Mirroring delivers unmatched data protection in the cloud that is stronger than any other cloud storage provider or cloud-integrated storage solution can offer. With this mirroring process the data resides in a primary cloud, while a copy of the data resides on a secondary cloud, and the entire process is managed by the Nasuni service behind the scenes. “Customers have made it clear that there’s no such thing as too much data protection when it comes to cloud storage,” said Andres Rodriguez, CEO of Nasuni. “In true Nasuni fashion, we wanted to be the first to give the enterprise Cloud Mirroring functionality that’s simple to use and adds no additional bandwidth demand. All of our customers are still covered by our SLA, but for those who want to go the extra mile to protect their data, only Nasuni offers Cloud Mirroring.”
Caringo launches CloudScaler 2.0. Object storage software provider Caringo announced the latest version of its CloudScaler enterprise gateway that, combined with CAStor, provides enterprises and service providers robust and efficient object storage as the foundation for dependable and scalable cloud storage service. New in version 2.0, Caringo has added Amazon S3 API support and increased control, authentication and metering of CAStor. “For many enterprise use cases S3 is not a candidate. Cloud storage service providers want on-demand storage like S3, but still need the performance, security and control of having storage behind their firewall,” said Mark Goros, CEO of Caringo. “CloudScaler 2.0 and CAStor empower our customers to build solid and dependable storage services while maintaining control and ensuring content integrity to meet the most demanding cloud storage use case requirements.”