April 15, 2008 — (WEB HOST INDUSTRY REVIEW) — Cloud storage platform provider Nirvanix (nirvanix.com) announced on Tuesday that it has received funding from German venture capital firm European Founders Fund (europeanfounders.com).
Nirvanix says it plans to use the investment to fund its European expansion, using its unique storage delivery network platform, that 3Tera recently integrated into its AppLogic grid operating system. The market expertise and customer contacts of the European Founders partners are expected to accelerate Nirvanix’s visibility and business development in the European market.
In January, Nirvanix announced the opening of an additional storage node in Europe, increasing its network footprint and enabling the intelligent storage and movement of files, guaranteeing the best performance and end user experience on a global scale.
These new storage nodes have accelerated the Nirvanix performance advantage to the point where the SDN customers in Europe will enjoy 400 percent faster download speeds for large files on average over competing services, as measured by analysis firm Webmetrics.
“This strategic investment from EFF allows us to capitalize on the tremendous market opportunity for cloud storage, particularly for digital media and online archive/backup storage, and accelerate our strong growth in Europe where today approximately 50 percent of our customers reside,” says Patrick Harr, CEO at Nirvanix. “Just as important as the financial impact is EFFs strong network in our media rich target market coupled with their tremendous entrepreneurial track record and investments in well known Internet companies.”
Nirvanix says that the Samwer brothers – Marc, Oliver and Alexander Samwer – who run EFF, have invested in companies such as FaceBook, LinkedIn, and the leading social, media and auction networks in Europe. The companies they created have achieved combined sales of more than one billion euros, says Nirvanix.
Earlier this month, Nirvanix named Patrick Rittohas its chief technology officer and VP of engineering.
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