US-based cloud storage technology developer Cloudian secured $41m yesterday from investors including consumer electronics manufacturer Lenovo and Intel Capital, the corporate venturing subsidiary of chipmaker Intel.
The round was also backed by Japanese public-private partnership Innovation Network Corporation of Japan (INCJ), City National Bank, Epsilon Venture Partners, DVP Investment, Goldman Sachs and Eight Roads, an investment subsidiary of financial services group Fidelity.
Cloudian provides scale-out object storage technology that helps IT service providers and enterprises supply hybrid cloud storage products. It will use the capital raised in the round to grow sales and marketing and expand internationally.
The round took Cloudian’s overall funding to $79m, $24m of which came in a 2014 series C round featuring Intel Capital, INCJ and Eight Roads, then known as Fidelity Growth Partners. Intel Capital also participated in a $5.1m round in 2013.
Lisa Spelman, general manager of Intel’s Data Center Marketing Group, said: “We believe Cloudian’s unified storage approach, which combines data management and data analytics in a single platform running on Intel architecture, positions data centre managers exceptionally well to extract value from the massive volumes of information created by accelerating device connectivity and advances in machine learning.”