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.