Cloudian Captures $41 Million in Capital
By Historically speaking, some of the greatest inventions were products of necessity – hence the phrase “necessity is the mother of invention.” Moving from the wheel in 3,500 B.C. to the spreadsheet in the 1980s, societal shifts and developments serve as impetus for said necessity. Today, the cloud is empowering an era of digital transformation; with the level of innovation taking place, the abundant boost to data and network traffic new solutions are necessary.
Hybrid cloud object storage system provider, Cloudian Inc., announced a new round of funding to support its scale-out storage solution and embrace the aggressive growth taking place in the space. To date, Cloudian has received $79 million in funding, with $41 million coming as a result of the most recent influx of funds.
Cloudian will use the new capital to aid in the acceleration of innovation and to build international operations in addition to enlarging sales and
marketing. In just the last 12 months, it has seen a substantial boost in customer base, noting a 300 percent rise in bookings and touting a customer retention rate of 100 percent.
“Data center managers need new solutions to help them contend with today's explosive growth in unstructured data. Across all industries – from media, to medical, to industrial – new applications and technologies are driving 50 percent growth of unstructured data per year, creating a crisis of cost and complexity for storage managers,” said Michael Tso, CEO and co-founder, Cloudian. “Cloudian object storage redefines the enterprise data center with hybrid cloud solutions that bring the flexibility and simplicity of public cloud storage into our customer's data centers, simplifying management and reducing TCO by 70 percent versus conventional storage systems.”
Data storage is more important today than at any point in history, as that data is capable of providing invaluable insight to your firm’s operations. Whether it’s customer interaction or network performance data, this treasure trove of actionable insight can directly increase the bottom line and more.
“Until recently the focus for most storage administrators was to store and manage large amounts of data. Businesses are now looking to analyze this goldmine of data to find patterns that could enhance products or services,” says Amita Potnis, research manager, IDC. “Cloudian has tackled both problems with a scale-out design and an integrated insight engine that lets users store and analyze data on the same system. This combination changes the game in large-scale storage deployments.”
Aside from the digital transformation at hand in the data center, the IoT is impetus for amounts of data like nothing the network has ever seen – especially if it comes remotely close to the plethora of predictions.
“Connected devices are already generating millions of terabytes of information every day. The challenge is both to manage that information and to analyze and derive value from it,” said Lisa Spelman, vice president and general manager, Data Center Marketing Group, Intel.
Close the book on the rigid architecture of days past, and enter the cloud era. A time of scalability, high-performance and improved cost savings, the cloud is empowering a generation of innovation – who is to say what it necessitates next.
Edited by Alicia Young
