Cloudian, a provider of hybrid cloud storage solutions, has closed a $24 million financing round, which will enable the company to expand its global sales and marketing reach, and develop its solutions for dealing with rapid growth of unstructured data.
The new financing round included new investments from Innovation Network Corporation of Japan and Fidelity Growth Partners, and existing Cloudian shareholder Intel Capital.
Cloudian’s HyperStore software allows enterprises to easily deploy of private clouds on commodity hardware, but also push data to Amazon S3 cloud object storage. This allows enterprises to create tiered hybrid storage where, for instance, Amazon’s public cloud is used for long-term bulk storage, and their most critical data is kept on-premises. This is particularly useful for companies with large growing amounts of unstructured data.
According to Cloudian CEO and co-founder Michael Tso, the new funding will “accelerate the deployment of our production-proven storage solutions and revolutionize the cost, scalability and availability models for storing unstructured data in the enterprise.”
With offices in the US, China and Japan, Cloudian has telecom customers including Vodafone and Nextel, but its early traction came in Asia with a 2012 partnership with global IT services provider NTT Communications to power NTT’s cloud storage service, Biz Hosting Cloudn Object Storage. In addition to NTT, Cloudian’s customers in the hosted service space also include Nifty, and LunaCloud.
To further develop its product, it has also partnered with cloud computing environments including Citrix Cloud Platform, Apache CloudStack, OpenStack, and Amazon Web Services as well as the wider S3 ecosystem of compatible tools and applications.
With many companies seeking out hybrid storage solutions, service providers are in steep competition for this lucrative market. For instance, earlier this year CenturyLink introduced price cuts and updates that make hybrid cloud solutions within its data center service portfolio more attractive.
With the promise of combining the flexibility and scale of cloud storage with the security and control of on-premise IT, hybrid cloud storage is becoming a necessity for many businesses.