Panzura, a Campbell, California-based provider of hybrid cloud storage solutions, raised $32m in funding.
The round was led by Matrix Partners with participation from Meritech Capital Partners, Opus Capital, Chevron and Western Digital as well as an undisclosed strategic investor.
The company intends to use the funds to scale in the $32B on premise storage market, to expand its offerings.
Led by Patrick Harr, CEO, Panzura provides a hybrid cloud storage platform for high performance database and virtual workloads, big data analytics and Internet of Thing (IoT) applications.
In 2016, the company added over 100 new enterprise customers and over 26 new petabytes of enterprise storage expanding its channel and alliance presence with cloud providers AWS, Google, IBM and Microsoft Azure. Panzura’s hybrid cloud NAS, archive and collaboration storage products were deployed in over 33 countries across multiple industries and governments.