Cloudian Secures $125M in Funding
Summary
Cloudian, a San Mateo, CA-based provider of a scalable platform that consolidates, manages and protects enterprise data, announced a $125m joint venture with Digital Alpha, an investment firm focused on digital infrastructure and services, to accelerate adoption of its enterprise object storage systems.The joint venture includes: – a utility financing facility of up to $100m from Digital Alpha and its Limited Partners to enable flexible procurement options to accommodate customers’ storage environments; and – a $25 million equity commitment to support expansion of Cloudian’s sales, marketing, engineering, and customer-support organizations.Digital Alpha will also support the development of a partnership between Cloudian and Cisco Systems, Inc., covering relevant data-center architectures.Led by CEO Michael Tso, Cloudian provides management solutions that bring cloud technology and economics to the data center of installed base of more than 200 customers.FinSMEs 01/03/2018
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