Scality, a storage and big data company, announced today that it has successfully closed its US$22 million Series C fundraiser. The total invested capital received by the company now reached US$35 million since Scality was founded. The fundraising round was led by Menlo Ventures and Iris Capital.
In the company's press statement, Scality said that the funds will be utilized to strengthen its grip on the worldwide market. The company aims to increase its marketing initiatives targeting enterprise and the service provider industry.
The company also stated that the investment will fund its research and development team.
Scality's customers get large-scale storage services for cloud, big data, archive and backup software.
Doug Carlisle, managing director of Menlo Ventures, commented on the investment, "The growth opportunity in the software storage market is very exciting for us. The intersection of Mobile, Social, Big Data and Cloud Infrastructure is creating a disruption in technology innovation. Scality is leading the disruption in software defined storage technology."
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