US-based data management software provider Komprise secured $24m on Monday in a series C round featuring Western Digital Capital, the corporate investment unit for data storage technology producer Western Digital.
Top Tier Ventures led the round, which was also backed by fellow venture capital firms Canaan Partners and Walden International.
Founded in 2014, Komprise has developed software that enables organisations to automatically analyse how and where their data is stored through its lifecycle archive, helping them to replicate, move and manage the information.
The platform enables users to compress backup data, create copies and move inactive files to cheaper storage services. Komprise’s corporate partners include IBM, NetApp, EMC, Google Cloud Platform, Amazon Web Services and the Microsoft-owned Azure.
The series C funds have been earmarked to fund product development and bolster the company’s sales, marketing and customer support efforts.
Mark Long, Western Digital Capital’s chief financial officer and chief strategy officer, said: “Komprise’s data management platform provides exceptional analytics capabilities and highly flexible management of data assets, enabling more efficient on-premises and hybrid cloud architectures.”
Komprise has raised a total of $42m in funding, having previously closed a $12m series B round in February 2017 that was led by Walden International and backed by Canaan Partners and private investors Bill Moore and Sanjay Mehrotra, after Canaan had led the company’s $6m series A in 2015.