AAA Zadara stores $25m round

Zadara stores $25m round

Zadara, a US-based enterprise cloud storage provider backed by conglomerate Toshiba’s electronics components subsidiary Toshiba America Electronic Components (TAEC), secured $25m in funding on Wednesday.

The round was led by IGP Capital and featured unnamed, existing shareholders. The deal’s closing is conditional on the approval of a general meeting by Zadara.

Founded in 2011, Zadara offers a fully-managed, scalable data storage and management platform that can be used on-site or through the public cloud, managed service providers, data centres and colocation partners.

The money will go towards accelerated growth, including recruitment of sales, dev-ops and engineering teams international. Zadara will also further develop its offering.

Zadara has raised more than $60m in funding to date, according to its latest press release, though it has only disclosed details about two previous rounds.

TAEC supplied $3m in 2013, after Genesis Capital Advisors and Platinum Management co-led a $7m funding round in 2012 that also featured two unnamed investors.

Nelson Nahum, CEO and co-founder of Zadara, said: “Zadara is dedicated to delivering zero-risk enterprise cloud storage.

“The new funding supports our mission by helping us to provide customers with industry-leading enterprise data storage solutions – like our upcoming all-flash arrays with data compression and deduplication – as a fully-managed service, with a 100%-uptime guarantee and consumption-based pricing.”

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