Cloud Storage provider Scality has closed its series C funding round for $22 million, thus bringing the total invested capital since company inception to $35M. The company also announced that it has been named “Cool Vendor” by Gartner, an IT research firm.
“It’s an honor to be recognized by Gartner. The Cool Vendor report is a very savvy and well researched publication,” said Jerome Lecat, CEO, Scality.
“We consider our inclusion to be a testament to our exceptional software-defined storage technology, and happy customer base, and are proud to be listed among previous companies such as Isilon, Data Domain, StorSimple and Violin Memory,” he added.
Scality plans to use the funding to increase investment in its R&D team and strengthen its worldwide sales & marketing initiatives targeting enterprise and service provider markets.
The round was led by Menlo Ventures and Iris Capital and has participation from FSN PME and all existing investors, including Idinvest Partners, OMNES Capital and Galileo Partners.
Scality’s software is deployed by customers to provide large-scale storage for Cloud, Big Data, and Backup and Archive applications.
“Our investors are a perfect match for the DNA of the company: They share our vision for the future of data storage and they understand the global market place,” said Jerome Lecat, CEO, Scality.
“I have managed several start-ups, but this is the first time I have seen a 5x sales growth on an annual basis. A disruption is happening in the market and we are driving it. This is very exciting. We are going to continue growing and are recruiting to sustain this growth including increasing our investment in R&D,” he added.
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