Nasuni Raises $40M in Funding

Nasuni, a Boston, MA-based provider of cloud file storage solutions, secured $40 million in funding.

This included an additional $25 million in new equity financing from family offices, venture capital firms and corporate venture arms, Goldman Sachs, Telstra Ventures, Northbridge Venture Partners and others, and a $15 million debt facility from Silicon Valley Bank.

The company, which has now raised more than $100 million in the past three years, intends to use the funds to continue to expand operations and its business reach.

Led by Paul Flanagan, president and chief executive officer, Nasuni is a cloud-based file storage company which consolidates network attached storage (NAS) and file server silos in cloud storage, delivering infinite scale, built-in backup, global file sharing, and local file server performance. Companies from a wide array of industries use it to share and collaborate on files across multiple sites, enhance workforce productivity, reduce IT cost and complexity, and maximize the business value of their file data. Sectors served by Nasuni include manufacturing, construction, creative services, technology, pharmaceuticals, consumer goods, oil and gas, financial services, and public sector agencies. The software platform is deployed in more than 70 countries around the globe.