While traditional storage suppliers are only starting to address the growing amounts of data that companies are moving to the cloud, Nasuni Inc. is looking to build on its foothold in cloud-connected storage.
The Massachusetts-based startup secured $25 million in funding this morning to try to strengthen its position even further. About two-thirds of the capital was provided by Sigma Prime Ventures, while the remaining $7.5 million came in the form of debt financing from Eastward Capital. Though debt financing isn’t always the most desirable form of funding, a spokesperson for Nasuni told SiliconANGLE that the investment was raised from a “position of strength” since the company could reach the break-even point in the foreseeable future if it so desired.