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Innovation Network Corporation of Japan (INCJ), Fidelity Growth Partners, and Existing Shareholders Including Intel Capital Invest to Help Cloudian Advance New Hybrid Cloud Initiatives and Accelerate Expansion into Global Enterprise Markets
SAN FRANCISCO, Calif., and TOKYO Japan, July 8, 2014 — /BackupReview.info/ — Cloudian, Inc., the leading provider of hybrid cloud storage solutions, today announced that it has closed a $24 million financing round with new investors, INCJ and Fidelity Growth Partners, and existing Cloudian shareholders, including Intel Capital. All three funds actively seek well-positioned, high-growth, enterprise-focused companies for investment and targeted Cloudian as a key provider of hybrid cloud storage solutions. The funding will enable the company to extend its global sales and marketing reach through targeted programs and amplified market development.
“This substantial investment is strong validation of our unique and leading approach to enterprise on-premises storage and hybrid cloud storage,” said Michael Tso, CEO and co-founder of Cloudian. “The rapid growth of unstructured data is transforming the data storage landscape. With this funding, we will accelerate the deployment of our production-proven storage solutions and revolutionize the cost, scalability and availability models for storing unstructured data in the enterprise.”
Cloudian HyperStore® plug-and-play software allows the easy deployment of enterprise private clouds using any commodity hardware. It is fully Amazon S3-compliant so enterprises can choose to leverage public cloud infrastructure such as Amazon Web Services (AWS) for long-term bulk storage while keeping their most critical data on-premises. This unique hybrid cloud approach ensures unlimited capacity expansion, straightforward data tiering, and unfettered use of the vast ecosystem of AWS S3 applications — all behind the firewall.
INCJ will join Intel Capital on the Cloudian board of directors.
For more information or to try Cloudian today, please visit www.cloudian.com. Please connect with us: Twitter (@CloudianStorage), Facebook (www.facebook.com/cloudian.cloudstorage), LinkedIn (www.linkedin.com/company/cloudian-inc) and visit our blog (www.cloudian.com/blog).
To date, INCJ has invested approximately ¥750 billion in a total of 68 projects and is currently focused on a broad range of areas from green energy, electronics, IT and biotechnology to infrastructure-related sectors such as water supply. INCJ maintains a hands-on approach to investment, engaging in the business development of cutting-edge core technologies through intellectual property funds, expansion of venture companies and aggressive overseas development through initiatives such as restructuring and mergers of tech businesses and acquisitions of foreign companies.
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©2014 Cloudian, Inc. Cloudian, the Cloudian logo, and HyperStore are registered trademarks or trademarks of Cloudian, Inc. All other trademarks are property of their respective holders.
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