Cloudian, a US-based data management software provider backed by corporates Lenovo and Intel, raised $25m in equity funding from investment firm Digital Alpha Advisors yesterday alongside $100m in debt financing.
Founded in 2011, Cloudian has built a scalable cloud-based software platform used by enterprises to store, organise and manage their data. The equity funding will be used to grow its sales, marketing, engineering and customer support teams.
The debt portion of the round was provided by Digital Alpha and its limited partners in the form of a utility financing facility and will support flexible procurement options for Cloudian’s customers.
Cloudian is also partnering networking equipment producer Cisco, a strategic partner of Digital Alpha, on data-centre architectures.
Michael Tso, chief executive of Cloudian, said: “With emerging capacity-intensive use cases such as [the internet-of-things] and machine learning, today’s data management needs are rapidly outgrowing traditional platforms.
“Cloudian’s solutions offer the limitless scalability, superior ease of use and cloud integration our customers need to solve their largest-capacity storage challenges while saving time and cost.”
The company has now raised $104m in equity funding, including a $5.1m round that included semiconductor producer Intel’s corporate venturing unit, Intel Capital, in 2013.
Intel Capital joined Eight Roads, the subsidiary of financial services group Fidelity then known as Fidelity Growth Partners, and the state-owned Innovation Corporate Network of Japan (ICNJ) for Cloudian’s $24m series C round the following year.
The series C backers returned for a $41m round in late 2016 that also featured consumer electronics manufacturer Lenovo, financial services firms Goldman Sachs and City National Bank, Epsilon Venture Partners and DVP Investment.
– Image coutesy of Cloudian.