US-based flash storage provider Kaminario raised $53m on Tuesday in a series E round that included Mitsui Global Investment, a corporate venturing unit owned by Japan-based conglomerate Mitsui.
The oversubscribed round also included participation from venture capital firms Sequoia Capital, Pitango Venture Capital, Globespan Capittal Partners and Tenaya Capital. Silicon Valley Bank and Lazarus Hedge Fund joined as new investors alongside an undisclosed public company.
Kaminario has now raised a total of $128m. Mitsui first invested as part of its $25m series D round in December 2012.
The company markets flash storage technology, which on the consumer end is most commonly used in smartphones and mobile devices. Kaminario’s storage disks have been developed from the ground up and are aimed primarily at mid-range enterprises.
Kaminario will use the series E funding to support entry into new geographical markets and to support its marketing efforts.