Cloud Computing: Nirvanix Raises Over $25M Series C Round
May 3, 2012
Nirvanix announced on Thursday it has raised over $25M in a Series C funding round led by Khosla Ventures. Current Nirvanix investors Valhalla Partners, Intel Capital, Mission Ventures and Windward Ventures also participated in the round. The company plans to utilize the capital infusion to significantly expand its engineering organization and accelerate the delivery of innovative new cloud storage services while increasing its global footprint across sales and marketing. The new investment brings Nirvanix’s total capital raised to $70M.
"Our enterprise cloud storage focus has clearly resonated with customers, as demonstrated by the fact that we booked more revenue in Q1 of 2012 than nearly all of 2011," said Scott Genereux, President and CEO of Nirvanix…
Nirvanix is a cloud storage services provider for enterprises with massive amounts of large unstructured content files, and offers fully managed services with usage-based pricing across public, hybrid and private cloud storage deployments. Specifically designed for millions of users, billions of files and exabytes of data, Nirvanix cloud storage is architected from the ground up for business-critical enterprise data. Customers such as Cerner Corporation, IBM, USC Digital Repository, National Geographic and Relativity Media, among thousands of others are using Nirvanix to archive, backup and collaborate on large content files across multiple diverse locations.
"We look to bet on fundamental technology shifts that create big markets, and with Nirvanix we see two of these fundamental shifts occurring together: cloud and data," said David Weiden, General Partner, Khosla Ventures. "The advantages of cloud computing are becoming more clear all the time, and it is inevitable that storage will also move to this architecture. Data, particularly unstructured data, is exploding in volume and ways to leverage it. Nirvanix’s momentum with top tier enterprise customers speaks for itself, and we look forward to helping them accelerate their lead."