Scality Closes $45 Million Series D Funding to Transform the Storage Industry with Software-Based Storage Solution
Summary
Like server virtualization and clustered NAS before it, software-based storage is a relatively new concept in Japan, and we wanted to be the first to bring it to the Japanese enterprise market,” said Mr. Hiroshi Fujiwara, Chairman, President and CEO of BroadBand Tower, Inc. “We believe that software-based storage is the future, and many Japanese companies across all vertical industries will benefit from it.” BBTower joins Menlo Ventures, IDInvest, the Digital Ambition Fund, Iris Capital, and Omnes Capital and Galileo Partners, as Scality investors. With this latest round of funding, Scality will continue to accelerate existing product development efforts and bring more research to market in the areas of multi-geo services, file/object interoperability, and security. This new capital investment will allow us to massively boost our go-to-market, attract strategic new hires, continue to expand globally, and be primed for a successful IPO by 2017.” “When we met Scality in 2010 we were immediately convinced,” said Matthieu Baret, Partner at IDInvest. The company has grown tremendously since Series B, signing leading customers, recruiting key talent such as Erwan Menard, and entering new markets such as the media industry. We also were one of the first vendors to conceptualize hyperscale, and have been a leading provider of world-class data center technologies for the past two decades,” said Alan Atkinson, vice president and general manager, Dell Storage.
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