Nirvanix snagged a $25M round led by Khosla Ventures

Krystal Peak · May 3, 2012 · Short URL: https://vator.tv/n/2668

Cloud storage platform company brings its funding to $70M, targets the largest companies globally

Cloud storage platform provider, Nirvanix, has just announced that it raised a $25 million Series C round. The new funding round was led by Khosla Ventures with participation from existing investors Valhalla Partners, Intel Capital, Mission Ventures, and Windward Ventures and is targeted to warded bringing more cloud storage options to the largest companies in the world. Nirvanix has raised about $70 million to date.

Nirvanix, which already service more than 1,200 customers worldwide, states that its fully-managed services with usage-based pricing is ideal for big companies that can't expect to keep track of how much data storage they need, and often spend money for space that isn't yet being used.  

Nirvanix has a special focus on storing far larger data sets with its nine data centers for customers such as NBCUniversal, Cerner Healthcare, and Advocate Healthcare.

Nirvanix, founded in San Diego, Calif. in 2007, currently competes in a similar space as Amazon Web Services and Box.net offering storage for unstructured content files as well as hybrid and private cloud storage deployments.

Scott Genereux, President and CEO of Nirvanix was formerly SVP of Worldwide Sales and Marketing at QLogic and held executive roles at DataDirect Networks (DDN) and Hitachi before that. He took on the CEO role at Nirvanix in 2010.

Nirvanix states that it booked more revenue in Q1 of 2012 than nearly all of 2011 and has plans to use the new funding to expand its engineering staff. Additionally, over the past year, Nirvanix has secured more petabytes under management than the prior three years combined; deployed the largest private clouds in the world; and made significant market advances in the financial services, healthcare and media and entertainment sectors. 

Cloud storage is a busy market

 Just in the last few months, cloud service companies have been raking in the funding to keep safe all the troves of data companies now collect.

Symform, a cloud storage and backup service, has just announced that it raised $11 million in its Series B round of funding. The round was led by WestRiver Capital, with participation from existing investors OVP and Longworth Capital.

The Seattle-based company offers businesses unlimited offsite storage and its global network encrypts, shreds, and geo-distributes data, for the high offerings of data security. Symform uses multiple different local hard drives to act as a collaborative data center, so that when files are uploaded, the data are chopped up into tiny pieces, encrypted, and sent to at least 96 different hard drives.

Just last month, Eucalyptus Systems, an open-source cloud software maker, announced that it raised $30 million in its Series C round of funding on Wednesday.

Currently, Eucalyptus offers its open-source software platform for free to anyone who wants to use it, but has also found ways to commercialize the product through partners and customer support. The company’s tech enables 25,000 “cloud starts” each year, and serves 20% of Fortune 100 companies in some respect. This includes work for Aerospace Corporation, InterContinental Hotels Group, Plinga, PUMA, USDA, and USASpending.gov. 

In March, Cloud service consulting company Appirio raised $60 million for its Series-D round of funding.  This round was led by General Atlantic with participation from existing investors Sequoia Capital and GGV Capital. The company has now raised more than $76 million.

Appirio is focused on accelerating cloud-powered business solutions so that companies can better integrate services from Salesforce.com, Google and Workday into their daily actions. 

Then, just a few weeks ago, a young cloud networking group, Pertino, Inc., announced its that it secured $8.85 million for its Series A round of venture funding. This round of capital was led with Norwest Venture Partners and Lightspeed Venture Partners. 

Pertino, founded in 2011, is attempting to reinvent business networking for the cloud by building a system that is simple, secure and flexible based on business needs (especially businesses with limited IT experience, staff and funds). 

 

 

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Nirvanix is the premier “Cloud Storage” platform provider. Nirvanix has built a global cluster of storage nodes collectively referred to as the Storage Delivery Network (SDN), powered by the Nirvanix Internet Media File System (IMFS). The SDN intelligently stores, delivers and processes storage requests in the best network location, providing the best user experience in the marketplace. With the ability to store multiple file copies in multiple geographic nodes, the SDN enables unparalleled data availability for developers, businesses and enterprises.

The Nirvanix SDN is optimized to handle very large files and enables any consumer or enterprise Web application to scale instantly, meeting the demands for storing and delivering millions of files from video and audio to documents and backup files worldwide.

By using the Nirvanix SDN, versus alternatives such as adding network storage systems or using first generation online storage platforms, businesses are guaranteed a shorter time-to-market, reduced costs, and also benefit from better flexibility and control for their operations. In addition to its superior network and storage technologies, Nirvanix works to maintain its outstanding reputation with its customers with unparalleled developer and 7x24 enterprise support.

Founded in 2007, Nirvanix is a privately held company headquartered in San Diego, California and backed by world-class investors including Intel Capital.