Cloudian, an object storage company turning information into insight with their hyperscale data fabric – that lets users store, find and protect data across an organization and around the globe – has raised $94 million in a Series E funding, bringing the company’s total funding to $173 million.
Cloudian will use this new investment to expand its worldwide sales and marketing efforts and increase its engineering team to meet rising demand for its “limitlessly-scalable” enterprise storage solutions.
According to IDC, the worldwide enterprise storage market grew by 34.4% year-over-year in the first quarter of 2018, reaching over $52 billion in annualized revenue.
Cloudian’s global enterprise storage fabric would meet this growing demand with a software-defined-storage platform that transforms standard servers and virtual machines into a pool of logical storage resources that can be co-located with data sources and data consumers, whether in physical data centers, at remote sites, or in the cloud. Scalable to hundreds of petabytes and beyond, the Cloudian architecture creates a global federation of storage assets to form a hyperscale fabric that would eliminate the boundaries of traditional storage, allowing information resources to be transparently pooled and shared over distance.
Redefining Enterprise Storage
“Cloudian redefines enterprise storage with a global data fabric that integrates both private and public clouds – spanning across sites and around the globe – at an unprecedented scale that creates new opportunities for businesses to derive value from data,” said Michael Tso, CEO of Cloudian. “Cloudian’s unique architecture offers the limitless scalability, simplicity, and cloud integration needed to enable the next generation of computing driven by advances such as IoT and machine learning technologies.”
The new funding round includes participation from investors Digital Alpha, Eight Roads Ventures, Goldman Sachs, JPIC (Japan Post Investment Corporation), NTT DOCOMO Ventures, and WS (Wilson Sonsini) Investments.
“Global 2000 customers in media, automotive, manufacturing, healthcare, and government look to Cloudian to manage their rapidly growing information assets, a trend that we see only accelerating,” said Edouard Hervey, managing director at Goldman Sachs. “We believe Cloudian is well-positioned to dominate the next generation of enterprise storage with its elegantly simple design that integrates both the data center and cloud environments.”
Unlike traditional storage solutions whose architectures were derived from stand-alone systems that operate within a single data center, Cloudian’s architecture was built on cloud technologies that were designed for distributed environments and limitless scale.
“There will be 20 billion connected devices by 2020, creating a compelling need for data management solutions that are architected for geo-distribution and cloud integration,” said Gregory M. Bryant, Intel’s senior vice president and general manager of the Client Computing Group and Cloudian board member. “Cloudian’s global data fabric architecture lets customers manage data organization-wide from a single console, so they can capitalize on the next generation of connected computing.”