Nirvanix Raises $5M

Series A investors return for round expansion to fund additional growth of cloud storage services to enterprise customers

April 15, 2009

1 Min Read
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SAN DIEGO -- Nirvanix, a leading enterprise Cloud Storage service provider, today announced that it has raised an additional $5 million in funding from original investors Intel Capital, Mission Ventures, Valhalla Partners and Windward Ventures, bringing the total amount provided to over $23 million.

Nirvanix will use the funds to expand its enterprise service offerings utilizing experiences gained from managing storage for its worldwide customer base.

In its first 18 months, Nirvanix has launched the global Storage Delivery Network(TM) (SDN), standing up five nodes in the US, Europe and Asia. In addition, the company introduced its award winning CloudNAS(R), making cloud storage integration into enterprise environments a simple turn-key process and has signed up more than 500 business customers worldwide, including leading Fortune 10 and Media & Entertainment companies.

"Nirvanix continues to be a leader with its innovative approach to providing enterprise customers with next-generation long-term data retention," said Bryan Wolf, Managing Director of Intel Capital. "We have been impressed with the company's ability to execute and the position they've achieved. We are confident that continued investment in Nirvanix will result in increased opportunities in a rapidly expanding industry."

Nirvanix Inc.

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