Cloudian Completes $41M Financing Round

cloudianCloudian, Inc., a San Mateo, CA-based provider of hybrid cloud object storage systems, completed a $41m financing round.

Backers included new investors Lenovo, City National Bank, Epsilon Venture Partners, and DVP Investment and existing investors Intel Capital, INCJ, Eight Roads (the proprietary investment arm of FIL, Fidelity International Limited), and Goldman Sachs.

The company, which has raised $79m in total capital raised to date, intends to use the funds to accelerate innovation, expand sales and marketing, and grow international operations.

Led by Michael Tso, CEO and co-founder, Cloudian provides Cloudian HyperStore, which enables service providers and enterprises to build scalable hybrid cloud storage solutions and to effectively manage hundreds of petabytes of capacity, for use cases including backup/archive, media and entertainment, bioinformatics, IoT, and more.
In August, the company announced the availability of Cloudian HyperStore on AWS Marketplace. This enables customers to purchase their on-premises storage on a metered-by-use basis, manage it alongside Amazon S3 storage as a single pool, and then receive a single invoice for both.
Furthermore, in June, Cloudian and Lenovo announced an OEM agreement that enables Lenovo’s worldwide sales force to offer a Cloudian-based object storage appliance.
Cloudian is also integrated with Google Cloud Storage Coldline, a long-term archival storage service, which allows customers to create a hybrid storage environment for rapid data access and nearly instantaneous search.



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