Avere Systems Raises $20M in Series D Funding

avereAvere Systems, a Pittsburgh, PA-based provider of enterprise storage for the hybrid cloud, raised an additional $20m in Series D funding.

The round was led by Western Digital Capital, with participation from previous investors Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners and Tenaya Capital.

The company, which has now raised $72m, intends to use the funds to accelerate sales, marketing and continued development of its solutions.

Led by Ron Bianchini, president and CEO, Avere Systems provides companies with hybrid cloud solutions to store files anywhere in the cloud or on premises.



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