Western Digital Capital, the corporate venturing vehicle for hard disk drive producer Western Digital, has led a $16m funding round for US-based cloud data management technology provider Elastifile.
The round included Dell Technologies Capital and Cisco Investments, respective subsidiaries of computing hardware manufacturer Dell and networking equipment maker Cisco, as well as CE Ventures, Lightspeed Venture Partners and Battery Ventures.
Founded in 2013, Elastifile has built a cloud-scale distributed file system that enables users to access and manage data stored on-premises and in the cloud. The round took the company’s overall funding to $65m.
Elastifile had received $8m from Battery Ventures and Lightspeed Venture Partners in a 2014 series A round, and the two joined six unnamed data centre and server companies for a $35m series B round in January 2016.
The strategic investors included Dell Technologies Capital, which was then in stealth. Cisco Investments subsequently supplied an undisclosed amount of funding for Elastifile in June the same year.
Mark Long, president of Western Digital Capital, said: “Elastifile has developed a cloud-scale distributed file system designed to free data locked inside storage silos so all users and workflows can access it instantly from anywhere.
“The company is addressing an important and growing challenge associated with traditional storage architectures. We strongly support their efforts and are pleased to expand our ongoing strategic relationship.”