Cloudian Got $24 Million in New Funding Round

Cloudian, Inc., provider of hybrid cloud storage solutions, has closed a $24 million financing round with new investors, Innovation Network Corporation of Japan (INCJ) and Fidelity Growth Partners Japan, and existing shareholders, including Intel Capital.

All three funds actively seek well-positioned, high-growth, enterprise-focused companies for investment and targeted Cloudian as a key provider of hybrid cloud storage solutions. The funding will enable the company to extend its global sales and marketing reach through targeted programs and amplified market development.

“This substantial investment is strong validation of our unique and leading approach to enterprise on-premises storage and hybrid cloud storage,” said Michael Tso, CEO and co-founder, Cloudian. “The rapid growth of unstructured data is transforming the storage landscape. With this funding, we will accelerate the deployment of our production-proven storage solutions and revolutionize the cost, scalability and availability models for storing unstructured data in the enterprise.”

Cloudian HyperStore plug-and-play software allows the deployment of enterprise private clouds using any commodity hardware. It is Amazon S3-compliant so enterprises can choose to leverage public cloud infrastructure such as Amazon Web Services (AWS) for long-term bulk storage while keeping their most critical data on-premises. This hybrid cloud approach ensures unlimited capacity expansion, straightforward data tiering, and unfettered use of the vast ecosystem of AWS S3 applications – all behind the firewall.

INCJ will join Intel Capital on the Cloudian board of directors.