Nasuni Secures $15 Million in Series B Funding

Nasuni, maker of the storage cloud gateway, has closed $15 million in Series B funding led by Flybridge Capital Partners with participation from existing investors, North Bridge Venture Partners and Sigma Partners, who led the company’s Series A funding in March 2009. Investment in Nasuni now totals $23 million for the two rounds.

Chip Hazard, a General Partner at Flybridge Capital Partners, has been named to the Nasuni Board of Directors. Jeffrey P. McCarthy, Partner at North Bridge, and Paul Flanagan, Managing Director with Sigma Partners, represent the current investors.

Nasuni develops the Nasuni Filer, a file server that leverages the unlimited capacity and reliability of the cloud to change the way companies store their files. The Nasuni Filer runs as a virtual appliance and can be downloaded for free. It delivers primary storage, which is indistinguishable from local storage, from an array of leading cloud storage providers. Now in its second generation, the Nasuni Filer eliminates lengthy file server migrations and the need for backups.

“We spent the last year building a loyal customer base and that proved invaluable during the fundraising,” said Nasuni CEO Andres Rodriguez. "We are now working with partners to leverage our sales capability. The time for utility storage has arrived and Nasuni is rushing to help companies make the transition. Chip Hazard is the kind of visionary investor who believed in that vision a decade ago. We want to delight customers by continuing to deliver a great service that radically simplifies file management."
 
"Our charter is to partner with exceptional entrepreneurs to build world-class companies," said Chip Hazard. "Andres and his team have developed a differentiated business solution that creatively leverages server virtualization and cloud storage to transform the economics and utilization of NAS file servers and is well ahead of the competition. It is impressive what Nasuni has accomplished since its Series A funding and we look forward to working with them as they continue to aggressively expand their market and offering in the year ahead."