Enterprise storage provider Nasuni has closed a $10 million round of venture capital funding, bringing the total amount of money it has raised to date to $53 million. Previous investors Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners, as well as a new investor, participated in this extension of the company's C round.
The Boston-based startup is possibly a few years away from an IPO and will use the new funds to scale engineering, sales and marketing efforts.
“Simply put, we wanted a bigger share of Nasuni,” said Paul Flanagan, managing director at Sigma Partners. “With their disruptive technology and approach to delivering enterprise storage as a service, Nasuni is revolutionizing the way data storage is deployed. Clearly, we’re excited about the company and have been super impressed with its growth. The opportunity here is enormous, and Nasuni is perfectly positioned to take full advantage of IT’s shift to the cloud.”
Nasuni's unified storage infrastructure looks to take on entrenched vendors EMC and NetApp with a patented UniFS Global File System, which gives users fast access to a global file share no matter where they are located.
The company logged a 232-percent increase in bookings in the second quarter of 2014 and 181-percent sales growth.
Version 6 of its service was launched recently, adding cloud-scale global file locking and mobile file synchronization for access to corporate data. This cloud-centric service is complimented with Nasuni Filers, an appliance that provides WAN optimization and acts as a cloud gateway with sophisticated caching algorithms for local NAS and SAN workloads.
Founder and CEO Andres Rodriguez said, "The Nasuni Service liberates data from the limitations and high cost of traditional storage silos. With this new financing, we will expand our outreach and accelerate innovation and market adoption."