Kaminario, a US-based flash storage technology provider backed by conglomerate Mitsui, raised $75m in series F capital on Tuesday from investors led by private equity firm Waterwood.
The round was supported by venture finance provider Silicon Valley Bank (SVB), Lazarus Hedge Fund and venture capital firms Globespan Capital Partners and Sequoia Capital.
Founded in 2008, Kaminario has developed flash storage technology aimed at the specific needs of data centres that power cloud-based applications.
The company will use the cash to expand internationally across Eastern and Western Europe, Asia Pacific and the Middle East. The series F round will also facilitate additional ecosystem partnerships and accelerated product development.
Kaminario has now raised a total of $218m in funding. Mitsui has been a shareholder since its $25m series D round in 2012.
Mitsui Global Investment, one of the conglomerate’s corporate venturing subsidiaries, took part in the $53m series E round Kaminario closed in early 2015, alongside Sequoia, Globespan, Lazarus, SVB, Tenaya Capital, Pitango Venture Capital and an unnamed public company.
Dani Golan, founder and chief executive of Kaminario, said: “The role of the data centre is transforming as businesses continue to accelerate digital transformation and cloud adoption, and we are perfectly positioned to deliver agile storage solutions for today’s on-demand applications.
“This new funding will allow us to continue our global expansion and accelerate our innovation agenda to better serve our customers.”