Nexenta Raises $20M in Funding

Nexenta, a Santa Clara, CA-based provider of an Open Source-driven Software-Defined Storage (OpenSDS) platform, raised $20m in funding.

The round was led by SoftBank Corp. with participation from Javelin Venture Partners, SV Booth Investments, SAB Capital, Lake Trail Capital, TRB Equity, and Tarkan Maner.

The company intends to use the funds to accelerate its global market growth.

Led by Tarkan Maner, CEO, Nexenta provides Open Software-Defined Storage (OpenSDS) solutions with nearly 6,000 customers, 300 partners, 50 patents, and more than 1,500 petabytes of storage under management. Via integrated and advanced predictive management capabilities, Nexenta enables everyday apps from rich media-driven social living to mobility; from the internet of things to big data; from legacy enterprise app deployments to do- it-yourself and web-scale cloud app deployments – on all types of clouds – private, public, and/or hybrid.
The company delivers its solutions along with enterprise- scale 24×7 global service and support with a global partner network, including Canonical, Cisco, Citrix, Dell, Docker, Google, HPE, IBM, Intel, Lenovo, Micron, Microsoft, Quanta, Samsung, Seagate, SoftBank, Supermicro, VMware, Western Digital, Wipro, and others.

SoftBank and Nexenta also entered a strategic agreement that involves commercial dimensions around SoftBank’s distribution and usage of Nexenta portfolio, and collaborative integrated OpenSDS systems development with SoftBank and its preferred hardware partners.



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