Nasuni, a provider of cloud storage and file sharing services based in the Seaport District, raised $40 million in a new round of funding — $25 million in equity financing and $15 million in a debt facility.
The round, which brings Nasuni’s total funding to $169 million to date, saw participation from a consortium of new and existing investors, such as family offices and venture capital investors. The credit facility is backed by Silicon Valley Bank.
Co-founded by venture capitalist and managing director of Sigma Prime Ventures Paul Flanagan in 2009, Nasuni sells a software-only solution that integrates with the preexistent cloud provider (such AWS or Microsoft Azure), so enterprise companies can take their unstructured data – currently located in data centers – and move it to the cloud.
As the coronavirus pandemic has turned a majority of the workforce remote, the need for companies to move their file infrastructure to the cloud has become imperative.
Just last week, Goldman Sachs poured $80 million in enterprise software startup LeanIX, which helps brands become cloud-native.
“Closing major funding during these times of economic uncertainty is a testament to the promise that our investors see in Nasuni,” Flanagan said in a statement. “When national and local governments issued lockdowns and stay-at-home orders to combat the virus, organizations were faced with a unique challenge: to deliver access to files and manage data center infrastructure remotely. With this new financing, we have all the resources we need to meet the growing demand.”
On the heels of this funding round, Nasuni also announced updates to its product suite designed for enhanced remote work, simplified cloud migration and critical file data protection.
The company said it will direct proceeds from the debt facility to fund acquisitions and other strategic projects.
