Cloudian raises $24m for enterprise cloud push


by Byomakesh Biswal| 09 July 2014

On premises and hybrid storage maker expands capital base.

Cloudian has raised $24m through a new round of funding to expand its hybrid cloud initiatives and speed up its expansion into enterprise market.

The funding has been provided by existing investor Intel Capital and new investors, Innovation Network Corporation of Japan (INCJ), Fidelity Growth Partners.

New round of funding will also help the hybrid cloud storage solutions provider boost its global sales and marketing effort.

Cloudian CEO and co-founder Michael Tso said, "This substantial investment is strong validation of our unique and leading approach to enterprise on-premises storage and hybrid cloud storage."

"The rapid growth of unstructured data is transforming the data storage landscape," Tso said.

"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."

With the funding INCJ will join Intel Capital on the Cloudian board of directors.

The company offers Cloudian HyperStore plug-and-play software which allows the easier deployment of enterprise private clouds using any hardware.

Hybrid cloud approach of the solution claimed to allow users unlimited capacity expansion, data tiering, and optimum use of the ecosystem of AWS S3 applications while staying behind the firewall.

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