nirvanix

Cloud Storage Firm Nirvanix Raises Over $25 Million in Funding

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Cloud storage services provider Nirvanix announced on Thursday it has raised over $25 million in a Series C funding round led by Khosla Ventures, bringing its total capital raised to $70 million.

The move follows Nirvanix`s recent expansion of its cloud storage capacity in the Dallas area through an agreement with colocation provider CyrusOne.

Current Nirvanix investors Valhalla Partners, Intel Capital, Mission Ventures and Windward Ventures also participated in the round.

The company said it plans to use 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.

Nirvanix provides 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 content files across multiple diverse locations.

“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. “Additionally, over the past year Nirvanix has secured more petabytes under management than the prior three years combined; deployed the largest private clouds in the world; and made significant market advances in the financial services, healthcare and media and entertainment sectors. Going forward we expect our growth trajectory to increase as we deliver new functionality for our battle-hardened enterprise services and expand our reach to customers across the globe—further demonstrating the broad applicability of our cloud technology.”

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About the Author

Justin Lee has been a staff analyst with theWHIR since 2004. He writes about a range of web hosting and IT-related issues facing the industry on the WHIR website, as well the print version of the WHIR magazine. Follow him on Twitter @Justin_theWHIR.

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