Nasuni secures another $10 million, working toward an IPO

Nasuni Secures Another $10 Million, Working Toward an IPO

August 14, 2014

TechTarget LogoCloud storage controller vendor Nasuni pulled in $10 million in new financing in an extension of its Series C round this week, bringing its total amount of investment raised to $53 million since its founding in 2009. The company plans to use the new funds to expand its engineering, customer support, sales and marketing departments with a goal of expanding from its current employee total of 70 to at least 100 in 2015.

“We are making a run to become an public company. That is our goal,” said Wayne St. Amand, Nasuni’s vice president of global marketing. “We see a shift in the market toward using the cloud for primary storage.”

St. Amand said Nasuni has about 200 customers, and its second-quarter bookings increased 232 percent over last year.

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