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Tuesday, 01 November 2016 12:33

Cloudian Secures a $41M Funding Round to Drive its Hybrid Cloud Object Storage Platform

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Cloudian, Inc., the leading provider of hybrid cloud object storage systems, has completed a $41 million financing round. The 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.

The new funds will fuel the company’s growth by accelerating innovation, expanding sales and marketing, and growing international operations to meet the rapidly rising demand for scale-out, hybrid cloud object storage solutions.

“Cloudian object storage redefines the enterprise data centre with hybrid cloud solutions that bring the flexibility and simplicity of public cloud storage into our customer’s data centres, simplifying management and reducing TCO by 70 percent versus conventional storage systems.” said Michael Tso, CEO and co-founder, Cloudian.

Over the past year, Cloudian has rapidly accelerated customer acceptance with 300 percent increase in bookings, and 100 percent growth in its customer base with 100 percent customer retention. Cloudian customers value the company’s modular, scale-out design that 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.

“Connected devices are already generating millions of terabytes of information every day. The challenge is both to manage that information and to analyse and derive value from it,” said Lisa Spelman, vice president and general manager of Intel’s Data Center Marketing Group. “We believe Cloudian’s unified storage approach, which combines data management and data analytics in a single platform running on Intel Architecture, positions data centre managers exceptionally well to extract value from the massive volumes of information created by accelerating device connectivity and advances in machine learning.”

On October 20, Google announced Google Cloud Storage Coldline, a long-term archival storage service. Cloudian is integrated with Coldline, allowing customers to create a hybrid storage environment for rapid data access and nearly instantaneous search.

“The challenge of long-term data management is evolving way beyond simply accommodating storage capacity.” Said Steven Hill, senior storage analyst for 451 Research. “While storing and protecting data remain primary considerations, metadata is the key to extending the value of business data throughout its entire lifecycle.”

Cloudian HyperStore provides enterprises and managed service providers with petabyte-scale storage, data protection, and smart analytics for use cases including backup/archive, media and entertainment, bioinformatics, IoT, and more. HyperStore can scale from just three nodes to hundreds, allowing systems to be right-sized for any application or organisational need.

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