Nasuni Downloads $25M as Large Enterprises Commit to Cloud Storage

Nasuni Gains $25M as Large Enterprises Commit to Cloud Storage

December 13, 2016

Nasuni has scooped up another heap of cash to push its cloud storage products to more big companies around the world.

Today the Natick, MA-based firm announced $25 million in new funding. That includes a $17.5 million Series E equity round led by new investor Sigma Prime Ventures, with contributions from earlier backers Flybridge Capital Partners, North Bridge Venture Partners, Sigma Partners, and another large, undisclosed investor. That brings Nasuni’s total equity funding haul to $80.5 million. Nasuni also announced $7.5 million in venture debt funding from Eastward Capital Partners.

Nasuni could have broken even on cash flow next year, but it opted to invest more in the business instead, says Scott Dussault, the company’s chief operating and financial officer.

Click here to read Xconomy’s full article

Ready to dive deeper into a new approach to data infrastructure?