HomeFranceScality Closes US$7M Series B Funding Round

Scality Closes US$7M Series B Funding Round

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Scality, a San Francisco, CA-based company that develops and implements storage software for massive-scale unstructured email and cloud storage applications, has closed a US$7m Series B funding round.
The investment was led by IdInvest Partners, with participation from CAPE, Galileo and the company’s CEO Jerome Lecat.
The financing will help Scality continue to execute its strategy, enhancing its distributed object-based storage platform, and adding full multi-tenancy for Service Providers who want to offer Virtual Private Clouds.
The company, which has its European headquarters in Paris, France, will also open an East Coast sales and services office in New York.

In conjunction with the funding, Matthieu Baret, Partner at Idinvest, has joined the Scality’s Board.

The company, which closed a $5m Series A round in May 2010 (read the news), is the developer of RING, a complete storage and data infrastructure system that enables cost savings and architecture rationalizations across the board.
FinSMEs
01/03/2011