Storage News

Converged Storage and Backup Solutions Developer Thumbs Nose at Cloud

Nimble Storage, reports Tech Crunch, has announced the close of a $25 million series D round, adding to the $16 million series C it closed in November of last year.

Total investments are now $58 million for the converged storage and backup solutions developer. The funding is expected to be used for expanding into international markets, support existing growth, and bringing the company to profitability. Investors are buying up Nimble in spite of the cloud hype.

"Founded by former Data Domain and NetApp executives Varun Mehta and Umesh Maheshwari, Nimble Storage has been selling its data storage and backup appliances like hot cakes, primarily because it is offering enterprise storage to small and medium sized enterprises that may not be able to afford IT teams — and those who don’t want to deal with a giant mess of servers. Nimble’s suite of four appliances combine storage, backup and disaster-recovery into a single solution, with each box offering different levels of raw storage capacity (up to 24 terabytes), flash capacity and connectivity speed.”