Cloud Computing: Nexenta Raises $21 Million C Round
January 19, 2012
Nexenta, the open storage shop, has picked up a $21 million C round from Menlo Ventures, which led the investment, as well as Sierra Ventures and Razor’s Edge, which participated.
The threesome joins existing investors Javelin Venture Partners and TransLink Capital.
The start-up says it’s been growing 400% year-over-year for the last three years, which is supposed to make it the fastest-growing company in enterprise storage. It claims 4,000 customers like the US Army and Korea Telecom representing $300 million in hardware sales through the channel and partners such as VMware, Citrix, Cisco, Intel, Dell and Arista…
Nexenta trades in software called NexentaStor that’s build on ZFS, runs on any industry standard hardware and is supposed to be ideal for cloud deployments, virtualized data centers and virtual desktop infrastructure (VDI) environments.
The company says it’s largely self-sufficient. It calls the $21 million a growth round, anticipating adding partners and end users.