California-based Cloudian, a hybrid cloud storage solutions provider has raised USD 24 million in Series C round led by INCJ and Fidelity Growth Partners with participation from existing investor Intel Capital. The company aims to utilize the raised funds to extend extend its global sales and marketing reach through targeted programs and amplified market development.
INCJ will join Intel Capital on the Cloudian board of directors.
“This substantial investment is strong validation of our unique and leading approach to enterprise on-premises storage and hybrid cloud storage,” said Michael Tso, CEO and co-founder of Cloudian. “The rapid growth of unstructured data is transforming the data storage landscape. With this funding, we 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.”
Cloudian was launched in 2011 by President & Co-Founder Hiroshi Ohta and CEO Michael Tso. It offers an S3-compatible cloud object storage platform that enables service providers and enterprises to build reliable, affordable and scalable hybrid cloud storage solutions. Also, it had partnered with cloud computing environments such as Amazon Web Services, Citrix Cloud Platform, Apache CloudStack, OpenStack and the vast ecosystem of S3 compatible tools and applications.
Earlier, it had raised USD 5.1 million in Series B and USD 11.6 million in Series A funding round. The latest round brings the total capital of the company to date is USD 40.7 million. The company also had offices in China, Japan and its customers include Vodafone, Nextel, NTT, Nifty, and LunaCloud.
Also Read: Box Grabs USD 150M; Plans to Go Public
Venture Beat says: Cloudian chief executive Michael Tso is keen to differentiate his company’s offering from cloud storage services like Box, Dropbox, and Egnyte.
“Cloudian is eternal storage, in the same space as NetApp, EMC, and AWS S3,” Tso wrote in an email to VentureBeat.
“In an enterprise, Cloudian would be the storage infrastructure for storing any data, and Egnyte could be the application used to share files that might be stored in Cloudian, NetApp, or EMC gear,” he explained.
Tech Crunch says: Cloudian has a two-tiered sales system, selling to 40 customers through long-term recurring contracts, and there are another 400 customers on a community edition of the product where it gives away a certain amount of storage for free, Tso says.
The reason why Cloudian has been able to raise its cash — along with other hybrid storage offerings like Egnyte — is basically as a hedge against the idea of completely cloud-based storage.
Not everyone wants everything to live in the “cloud” all the time. Companies have sensitive data that they’re loath to part with — and always will be goes the argument. So why not give them the flexibility to determine what is and what isn’t meant for public clouds, private clouds, or semi-public clouds.
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