Cloudian raises $94m to expand distributed file systems and object storage

Cloudian has revealed it has raised $94m in a Series E investment round, which will allow it to expand its cloud-based products and services to new geographical markets.

It’s the largest injection of cash for the firm to date, raising its total investment pot to $173 million. In fact, it’s the biggest funding round for any distributed file system and object storage provider, demonstrating demand for scalable enterprise storage solutions.

“There will be 20 billion connected devices by 2020, creating a compelling need for data management solutions that are architected for geo-distribution and cloud integration,” said Gregory M. Bryant, Intel’s senior vice president and general manager of the Client Computing Group and Cloudian board member.

“Cloudian’s global data fabric architecture lets customers manage data organization-wide from a single console, so they can capitalize on the next generation of connected computing.”

Investors in this round of funding include Digital Alpha, Eight Roads Ventures, Goldman Sachs, INCJ, JPIC (Japan Post Investment Corporation), NTT DOCOMO Ventures, Inc. and WS (Wilson Sonsini) Investments.

Takayuki Inagawa, president and CEO of NTT DOCOMO Ventures explained the company wanted to invest in Cloudian’s future because it’s one company that is addressing customer demand for geo-distributed architecture that spans the datacentre to the network edge.

Edouard Hervey, managing director at Goldman Sachs added that Cloudian is providing opportunities for customers in media, automotive, manufacturing, healthcare, and government to utilise a fully-scalable and flexible business solution in the cloud storage space.

“Cloudian redefines enterprise storage with a global data fabric that integrates both private and public clouds — spanning across sites and around the globe — at an unprecedented scale that creates new opportunities for businesses to derive value from data,” Cloudian CEO Michael Tso said. 

“Cloudian’s unique architecture offers the limitless scalability, simplicity, and cloud integration needed to enable the next generation of computing driven by advances such as IoT and machine learning technologies.”

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