Investors

North Bridge Venture Partners co-led Nasuni’s Series A funding, which closed April 2009 and launched the company.

Established in 1994 and based in Waltham, Massachusetts, and San Mateo, California, North Bridge is an early-stage venture capital firm providing seed-to-growth financing and company-building expertise. Its investment sectors include communications, health care technologies, materials, digital media and software. Together with North Bridge Growth Equity, its mid-market focused growth capital fund, North Bridge manages approximately $3 billion.

North Bridge’s commitment to its entrepreneurs and its eye for innovative projects in large emerging markets are key to its track record of success. North Bridge–backed entrepreneurs benefit from the firm’s expert, level-headed advice—on strategy, operations, and the state of the industry—and its hands-on approach to building companies.

Having nurtured the Nasuni founders’ previous company, Archivas, from its earliest stages to its acquisition by Hitachi Data Systems in 2006, North Bridge was a natural choice for the founders as they sought early support for their new venture. With funding and guidance from North Bridge, Archivas successfully developed a cloud storage architecture that is currently deployed in enterprise clouds worldwide. Now Nasuni, with North Bridge behind it, is building a gateway between the cloud and every business with storage needs.

Sigma Partners joined forces with North Bridge for Nasuni’s Series A, co-leading the funding and expanding the advisory team.

A leader in the venture capital industry since its founding in 1984, Sigma Partners has more than $2 billion under management, invested in such sectors as communications, software, wireless, and green technologies. From its offices in Boston and Silicon Valley, Sigma seeks out and funds innovative technology startups across the United States. Sigma partners, all veteran entrepreneurs or executives themselves, back their entrepreneurs with the passion, scrappiness, and real-time problem-solving skills born of experience.

For Nasuni, the experience Sigma has garnered in the storage industry and in networks is particularly advantageous. In the past, Sigma invested in the first Internet-based remote storage service and, more recently, in the storage company EqualLogic, acquired by Dell in 2007. Current commitments in data center optimization, network security, and enterprise-class cloud storage complete the picture. Nasuni, which aims to transform data centers everywhere with a secure, Internet-based storage service leveraging the cloud, could not have more pertinent advisors.

Flybridge Capital Partners led Nasuni's series B funding bringing an additional member to the advisory team.

Founded in 2001 by a team of experienced entrepreneurs and investors, Flybridge Capital Partners is an early-stage venture capital firm whose mission is to assist talented entrepreneurs in growing innovative, global companies. With $560 million under management, the firm is focused on investing in the consumer, energy, healthcare and information technology markets. 

The Flybridge team has domain expertise and more than half a century of combined experience in venture capital. Flybridge draws on the knowledge and skill sets of its general partners to accelerate the growth and reduce the early stage risks of new companies. The firm believes in fostering open, direct, honest communication and demanding excellence, innovation, and creativity from its partner companies – all of which will be invaluable to us here at Nasuni as we expand our footprint in the cloud storage space.

The potential of storage as a utility isn’t new to Flybridge–General Partner Chip Hazard recognized it a decade ago. Now that this vision has become a reality, we are excited to draw on Flybridge’s expertise to help us deliver radically simplified file management to a larger market. Flybridge will be an enormous asset to Nasuni as we continue to expand our business and advance our cloud gateway technology.