Nexenta Systems Secures $24M in Series D Financing

Nexenta Systems, a Santa Clara, California-based provider of Software-defined Storage solutions, secured $24m in Series D financing.

The round was led by new investor Four Rivers Group, with participation from existing investors Menlo Ventures, TransLink Capital, Javelin Ventures, Sierra Ventures, Razor’s Edge Ventures, and West Summit Capital and new strategic investors Presidio Ventures and UMC Capital.

Led by newly appointed CEO Mark Lockareff (with former CEO Evan Powell assuming the new role of CSO), CMO Bridget Warwick, and CFO Rick Martig, Nexenta Systems provides a software platform, NexentaStor, that delivers high-performance, ultra-scalable, cloud- and virtualization-optimized storage solutions. It is based on OpenStorage ZFS technology.

The company has official subsidiaries and teams in the Netherlands, the United Kingdom, China, South Korea, and Japan.



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