Zadara, a cloud storage provider delivering its products via public clouds, managed service providers (MSPs), data centers, colocation partners, and on-premises in customers’ data centers, has signed a $25 million funding round led by IGP Capital with participation from existing investors.
This brings the total equity raised by Zadara to over $60 million. Zadara plans to use the investment primarily to accelerate growth, including expanding its worldwide sales, dev-ops and engineering teams as well as its service provider partner channel. In addition, the funds would help Zadara develop its service offering, which focuses on eliminating the technical, operational, and financial risks associated with enterprise data storage and management.
The company uses a combination of industry-standard hardware and patented Zadara software to deliver enterprise-grade data storage and management – “with the convenience of the cloud.” Customers would have full flexibility of choice when it comes to their installations as Zadara supports all protocols, data types and locations. In addition, thanks to the company’s usage-based pricing model, customers only pay for the storage they consume, meaning they can scale their capacity up and down as needs change.
“Zadara is dedicated to delivering zero-risk enterprise cloud storage,” said Nelson Nahum, CEO and co-founder of Zadara. “The new funding supports our mission by helping us to provide customers with industry-leading enterprise data storage solutions – like our upcoming all-flash arrays with data compression and de-duplication – as a fully-managed service, with a 100%-uptime guarantee and consumption-based pricing.”
‘Scalable Business’
Zadara is available via public clouds, including AWS Cloud, Google Cloud Platform, and Microsoft Azure, managed service providers, data centers, colocation partners, and on-premises in customers’ data centers.
“We have been impressed with Zadara’s founding team and its proven track record of building innovative, scalable businesses in the storage market over the past two decades,” said Moshe Lichtman, co-founder and general partner at IGP Capital. Zadara’s consumption-based storage platform offers enterprises the best of both worlds – cloud economics and flexibility, combined with local storage performance and control. Zadara’s customers and partners have been extremely passionate about its technology and value proposition and we’re excited to support the company in their journey.”
