Cloudian secures $60M to accelerate data management for hybrid cloud
Cloudian, a company that specializes in data management software for the hybrid cloud, has successfully raised $60 million in funding to accelerate the expansion of its hybrid cloud platform. The funding round included participation from Digital Alpha, INCJ, Intel Capital, Japan Post Investment Corporation and other investors.
Cloudian says its hybrid cloud data management software can transform any computing platform, such as servers, VMs, containers or public clouds, into a pool of S3 API-compatible object storage resources.
The Cloudian architecture is highly scalable, allowing storage of hundreds of petabytes or more. The company says it conveniently allows integration with public cloud platforms to facilitate unified data management.
Edge-to-cloud management technology has gained a lot of interest from cloud-native data management companies. This technology refers to enterprise data generated at the edge but processed and stored in the cloud, enabling it to be accessed by the distributed global workforce. This method is becoming increasingly popular due to the need for real-time data-driven decisions at the edge in applications such as autonomous driving.
“As organizations move to the next level of digital transformation, they increasingly seek technologies that deliver hybrid cloud data management at limitless scale across all platforms,” said Cloudian CEO Michael Tso. “Cloudian’s cloud-native data management software lets our customers simplify operations and creates new opportunities to derive value from data.”
The company also appointed Bob Griswold as chairman of the board of directors. Griswold brings extensive industry experience as an investor and strategic advisor to several companies. Griswold has previously been a vice president of strategy and planning at HPE and senior vice president of product line management at Seagate.
“I am thrilled to join Cloudian at this pivotal moment in the storage industry,” said Bob Griswold. “Cloudian is exceptionally well positioned to capitalize on today’s transition to cloud-native technologies, and I believe strongly in the company’s strategy and its enterprise-proven platform, so much so that I personally invested in the current funding round.”
According to Gartner, by 2025, 95 percent of new enterprise workloads in industries such as media, healthcare and manufacturing will use cloud-native technology. Gartner has also recognized Cloudian as a Gartner Peer Insights Customers Choice for Distributed File Systems and Object Storage.
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