$5 Million Funding Round for SoftNAS

SoftNAS LLC announced a $5 million funding round which brings the total funded amount to $6.4 million since 2012.

The funding was led by a group of angel investors based in Texas.

Serving more than 500 customers, SoftNAS continues its capital efficient growth and continues executing on its vision to deliver powerful enterprise storage products for public, private and hybrid clouds.

Markets and Markets analysis forecasts the cloud storage opportunity to be $50 billion by 2019.
 
“Many organizations turn to cloud storage because incessant data growth is overwhelming their IT organization’s ability to build an on-premises storage infrastructure and secure the required budgets to administer them. Placing data in public cloud infrastructures becomes the catalyst for moving applications into cloud environments,” according to Gene Ruth and Arun Chandrasekaran, Gartner. (Gartner, Magic Quadrant for Public cloud Storage Services, Gene Ruth and Arun Chandrasekaran, 09 July 2014)
 
“We have seen tremendous expansion and our software technology has been proven the past few years through a growing customer base on Amazon Web Services, Microsoft, VMware and other platforms,” said Rick Braddy, CEO, SoftNAS. “The real value SoftNAS is giving to hundreds of enterprise customers is the power to access and move large quantities of protected data to and from any cloud with no downtime or service interruptions.”
 
SoftNAS was a 2015 Red Herring Top 100 North America Winner and received the 2015 Datacentre ICT Cloud Storage Software Product of the Year award.