AAA Scality calibrates $60m

Scality calibrates $60m

US-based data software developer Scality received $60m in funding on Tuesday from investors including IT infrastructure technology provider BroadBand Tower and enterpise technology producer Hewlett Packard Enterprise (HPE).

All Scality’s existing backers, including Menlo Ventures, Iris Capital, Idinvest Partners, Omnes Capital, Galileo Partners and the French state-backed Digital Ambition Fund, returned for the round, while Harbert European Growth Capital took part as a new investor.

Founded in 2009, Scality has developed distributed storage technology that facilitates data protection, search and management across multiple cloud environments.

The funding will enable the company to continue developing its technology, specifically through significant investments in its engineering.

Scality has now raised $152m in funding in total, including an undisclosed amount from Hewlett Packard’s corporate unit, Hewlett Packard Ventures, in 2016, prior to the firm’s division into HPE, which remains an investor, and computing equipment producer HP.

The 2016 funding followed an initial $45m series D close in 2015 led by Menlo Ventures, with participation from BroadBand Tower, Scality staff and existing backers Iris Capital, Idinvest, Omnes Capital, Galileo and Digital Ambition Fund.

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