Nasuni Closed on $25 Million in New Financing, Total at $80.5 Million

Nasuni Closed on $25 Million in New Financing, Total at $80.5 Million

December 14, 2016

Nasuni Corp. closed on $25 million in new financing. Most of the funding comes from a new $17.5 million Series E equity round, led by new investor, Sigma Prime Ventures. The company also closed on $7.5 million in venture debt financing from Eastward Capital Partners. To date, the company has raised $80.5 million in venture capital financing.

All aspects of managing files are causing enormous headaches for enterprise IT,” said Paul Flanagan, MD, Sigma Prime. “Exponential file growth is creating a constant capacity crunch for most companies, employees face slow and unreliable access to the corporate file share, and protecting files using traditional systems is cumbersome and extremely expensive. Nasuni’s cloud-based file system addresses all of these issues, and we’ve been extremely impressed with the market response. In the last year, for instance, the company has doubled the amount of customer data under management to 12PB. And just as compelling to us is the fact that our investment will directly support further expansion with the Fortune 500 and the Global 2000.”

A provider of enterprise file services to distributed organizations, the firm has created a cloud-native file file system, UniFS, and uses the public, private or hybrid cloud in much the same way that traditional storage vendors use commodity disk drives in their boxes.

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