Storage Soup

Aug 14 2014   9:20AM GMT

Nasuni secures another $10 million, working toward an IPO

Sonia Lelii Sonia Lelii Profile: Sonia Lelii

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Cloud storage controller vendor Nasuni pulled in $10 million in new financing in an extension of its Series C round this week, bringing its total amount of investment raised to $53 million since its founding in 2009. The company plans to use the new funds to expand its engineering, customer support, sales and marketing departments with a goal of expanding from its current employee total of 70 to at least 100 in 2015.

“We are making a run to become an public company. That is our goal,” said Wayne St. Amand, Nasuni’s vice president of global marketing. “We see a shift in the market toward using the cloud for primary storage.”

St. Amand said Nasuni has about 200 customers, and its second-quarter bookings increased 232 percent over last year.

“For the first seven months of this year, we achieved more sales compared to the full year of 2013,” he said.

Nasuni targets the storage-as-a-service market. Its cloud  controller resides on a customer’s site and  Nasuni’s UniFS Global File System makes data available no matter where it is located along with  centralized storage management and automatic data protection. The controller is available on a hardware appliance or as a software virtual appliance that customers can install on any hardwaremers

Nasuni’s customers use the public cloud for tier-2 file data which is accessed on a regular basis, but the vendor recently signed a partnership with Cleversafe to support customers who want a private cloud.

“A private cloud is more economical for some customers who are in the petabyte range,” St. Amand said.

Previous investors Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners all participated in the new funding. Nasuni has raised $53 million in funding since its inception. The new round is an extension of a $20 million  Series C round from October 2012, adding to an $8 million Series A round and a $15 million Series B funding round.

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