US-based cloud computing and data management platform developer Datrium has closed a $60m series D round led by Samsung Catalyst Fund, an investment vehicle for consumer electronics producer Samsung.
Venture capital firms Icon Ventures, New Enterprise Associates (NEA) and Lightspeed Venture Partners all contributed to the round, which valued Datrium at $282m post-money according to deals database PitchBook.
Founded in 2012, Datrium has developed software that enables enterprise clients to manage and back up data across on-premise infrastructure and the cloud.
The company has not specified how it intends to spend the series D funding. Michael Mullany, general partner at Icon Ventures, will join its board of directors.
Datrium has raised $170m in funding in total. NEA led its $55m series C round in 2016, investing with Lightspeed Venture Partners and an unnamed backer that was likely Icon Ventures, the only other named shareholder on Datrium’s website.
The company has not confirmed details about its earlier funding, which was raised while it was in stealth mode prior to 2015.
Shankar Chandran, senior vice-president and managing director of Samsung Catalyst Fund, said: “As a world leader in memory and storage technologies, we are always looking for novel and innovative ways to advance data centre technology.
“At this unique moment in time – when data is powering the economy – cutting-edge infrastructure, like Datrium’s hybrid cloud platform, will help enterprises overcome major obstacles in data analysis and storage. We are excited to be an investor in their future.”