Nasuni Racks Up $10 Million

Nasuni Corp. has secured $10 million in new venture capital financing.

Previous investors Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners, as well as a strategic investor, all participated in this extension of C round.

The new financing brings the total funds raised to $53 million.

The new funds will fuel Nasuni’s triple-digit growth through increased investments in engineering, sales and marketing. In its most recent quarter, Nasuni’s bookings grew 232% over the same period in 2013. The company has already exceeded 2013’s full-year sales bookings.

“Simply put, we wanted a bigger share of Nasuni,” said Paul Flanagan, MD, Sigma Partners. “With their disruptive technology and approach to delivering enterprise storage as a service, Nasuni is revolutionizing the way storage is deployed. Clearly, we’re excited about the company and have been super impressed with its growth. The opportunity here is enormous and Nasuni is perfectly positioned to take full advantage of IT’s shift to the cloud.”

The Nasuni Service provides globally distributed organizations with a unified storage infrastructure that gives all end-users access to a global files no matter where they are located and provides IT with simple, centralized storage management and automatic data protection. Patented UniFS Global File System makes data available anywhere around the world, managed and protected, without replicating physical copies and without contention since there is only one master source of the data. This file data virtualization reduces the cost and burden of storing and managing end-user file data, and gives IT a fast, easy way to scale enterprise storage to any number of locations across the globe.

“We’ve begun consistently displacing the likes of EMC and NetApp in global accounts,” said Andres Rodriguez, CEO, Nasuni. “We’re accomplishing this because The Nasuni Service liberates data from the limitations and high cost of traditional storage silos. With this new financing, we will expand our outreach, and accelerate innovation and market adoption.”