Nasuni, a US-based enterprise file service developer backed by IT corporation Dell Technologies, closed a $38m series F round on Tuesday led by investment banking firm Goldman Sachs.
Goldman Sachs provided the cash through Goldman Sachs Growth Equity, a strategic growth equity unit that forms part of its Merchant Banking Division. The round’s other investors were not disclosed.
Nasuni has developed a cloud-based file system called UniFS that enables businesses to more efficiently manage vast quantities of unstructured data and easily share them across offices. Files can be cached onsite to make sure they are always accessible.
The funding will help bolster research and development efforts, expand customer support and increase go-to-market activities. David Campbell, managing director of Goldman Sachs’ Merchant Banking Division, has joined Nasuni’s board of directors.
Nasuni has raised approximately $120m in funding to date. While Dell has not been named in any press releases, its investment subsidiary Dell Technologies Capital is listed on Nasuni’s website and Nasuni has referred to a large strategic investor in previous rounds.
That strategic investor participated in Nasuni’s $25m series E round in December 2016, which was led by Sigma Prime Ventures with further support from Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners.
The strategic also contributed to a $10m series D round in 2014, having earlier led the company’s $20m series C round in 2012. Both rounds also featured Flybridge, North Bridge and Sigma.