Storage provider Cloudian raises €55 million

Storage provider Cloudian raises €55 million

Cloudian raised €55 million ($60 million) in an investment round. The storage provider plans to use the funding to expand its hybrid cloud functionality. In addition, Bob Griswold was appointed chairman of the board.

The investment round was led by Digital Alpha. Other investors include Eight Roads Ventures Japan, INCJ, Intel Capital, Japan Post Investment, Silicon Valley Bank, Tinshed Asia and Wilson Sonsini Investments. Cloudian has raised $233 million thus far.

Hybrid cloud functionality

The organization wants to use the latest round to expand the capabilities of its hybrid cloud platform. Cloudian expects the vast majority of workloads to run in clouds by 2025, bolstering demand for multi-cloud infrastructures and unified data management platforms.

Bob Griswold

In addition to the investment round, Cloudian announced that Bob Griswold has been appointed as chairman of the board. Griswold has years of experience at HPE, Seagate, Cisco and other major players. The chairman said he’s happy to arrive at a crucial point in the company’s development.

Tip: Cloudian launches HyperBalance, load balancer for object storage