Cloud-based file service provider Nasuni last week closed on $38 million in funding to boost its expansion plans in research and development and its channel and go-to-market efforts.
The Goldman Sachs Growth Equity-led financing boosted Nasuni’s total to about $120 million since the company incorporated in 2009. The Nasuni cloud storage momentum should help the vendor become cash flow positive by the end of 2018 and profitable by the end of 2019, according to the company’s president Paul, Flanagan.
“We’ve got a great opportunity as enterprises are thinking about moving their unstructured data and taking advantage of not only cloud economics but cloud collaboration,” said Flanagan
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