Zadara, an Irvine, CA-based provider of zero-risk enterprise cloud storage, has raised $25m in fresh funding.
The round, which brings the company’s fundraising total to date to $60m, was led by IGP Capital with participation from existing investors.
The company intends to use the funds to accelerate growth, including expanding its worldwide sales, dev-ops and engineering teams as well as its service provider partner channel. It will use part of the funds to develop its offering, which focuses on eliminating the technical, operational, and financial risks associated with enterprise data storage and management.
It uses a combination of hardware and software to deliver enterprise-class data storage and management via the cloud. Customers have full flexibility of choice when it comes to their installations as Zadara supports all protocols, data types and locations. Users also only pay for the storage they consume due to the company’s usage-based pricing model.
Nelson Nahum, CEO and co-founder of Zadara, said: “Zadara is dedicated to delivering zero-risk enterprise cloud storage. The new funding supports our mission by helping us to provide customers with industry-leading enterprise data storage solutions — like our upcoming all-flash arrays with data compression and deduplication — as a fully-managed service, with a 100%-uptime guarantee and consumption-based pricing.”
Zadara is available via public clouds, including AWS, Google Cloud Platform and Azure, managed service providers, data centers, colocation partners, and on premises in customers’ data centers. Its customers include Realty Data Company, Deloitte, Harvard University, and Equinix, among others.
Moshe Lichtman, co-founder and general partner at IGP, added: “Zadara’s consumption-based storage platform offers enterprises the best of both worlds — cloud economics and flexibility, combined with local storage performance and control. Zadara’s customers and partners have been extremely passionate about its technology and value proposition and we’re excited to support the company in their journey.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
