Cloudian, a San Mateo, CA-based provider of a scalable platform that consolidates, manages and protects enterprise data, announced a $125m joint venture with Digital Alpha, an investment firm focused on digital infrastructure and services, to accelerate adoption of its enterprise object storage systems.
The joint venture includes:
– a utility financing facility of up to $100m from Digital Alpha and its Limited Partners to enable flexible procurement options to accommodate customers’ storage environments; and
– a $25 million equity commitment to support expansion of Cloudian’s sales, marketing, engineering, and customer-support organizations.
Digital Alpha will also support the development of a partnership between Cloudian and Cisco Systems, Inc., covering relevant data-center architectures.
Led by CEO Michael Tso, Cloudian provides management solutions that bring cloud technology and economics to the data center of installed base of more than 200 customers.
FinSMEs
01/03/2018