Nasuni Nets $60M Funding Round

BOSTON — The cloud file storage software maker Nasuni closed a $60 million financing round.

The investment in Nasuni was made by Sixth Street Growth, which is part of the investment firm Sixth Street, according to Nasuni this month.

Sixth Street will also be joining Nasuni’s board.

Nasuni will use the funds for the continued growth and expansion of its file data storage platform, as the company invests in innovation, international expansion, and potential strategic acquisitions.

To date, Nasuni has raised $148 million in financing, over four rounds in five years. The company reports it has $100 million in cash on its balance sheet.

Nasuni attributes its growth to “accelerated demand” for its file data platform, as organizations “quickly move workloads to cloud environments.”

The company believes enterprises are adopting cloud solutions to strengthen cyber resilience, support hybrid work models, and get “frictionless scale to meet business needs.”

Nasuni’s cloud-native file storage platform is designed to be delivered as-a-service, deployed from anywhere, and scalable.

“The unprecedented events of the past 24 months have accelerated the generational cloud transformation for businesses and the increasing value of data,” said Paul Flanagan, CEO, Nasuni.

“Cybersecurity threats, such as ransomware, are forcing businesses to think differently about their data infrastructure.”

Flanagan called the investment and the company’s continued growth “validation of our vision.”

Michael McGinn, partner and co-head of Sixth Street Growth, said Nasuni’s products are “highly effective at solving pressing needs for efficient cloud data storage and data protection.”

Chris Ehrlich
Chris Ehrlich
Chris Ehrlich is the managing editor of several web properties in the TechnologyAdvice network. He has over 20 years of experience delivering content-based results across journalism and communications, including on B2B technologies. As a leader in digital journalism, he’s driven targeted content that resonates with audiences and increases key metrics. As a leader in branded communications, he’s driven multi-channel content for clients that spreads their messages and generates measurable returns. He holds a B.A. in English and political science from Denison University in Ohio.
Get the Free Newsletter!
Subscribe to Cloud Insider for top news, trends & analysis
This email address is invalid.
Get the Free Newsletter!
Subscribe to Cloud Insider for top news, trends & analysis
This email address is invalid.

Latest Articles

Cloud Storage Pricing in 2023: Everything You Need to Know

Cloud storage pricing is complex. Learn the basics of cloud storage pricing and how to find the best deal for your business.

Flash vs. SSD Storage: Is there a Difference?

Many people use the terms “flash” and “SSD” interchangeably when discussing solid state drives (SSDs)—even experts. While the two technologies are very closely related,...

8 Best Enterprise NAS Devices for 2023

Discover the best enterprise NAS devices for 2023. Learn about the features and benefits of the top NAS devices for businesses and organizations.