(The Hosting News) – Cloud storage provider Scality on Tuesday revealed that it had received $22 million in funding from investors thanks to firms Menlo Ventures, FNS PME and Iris Capital.
The company expects to put the resources towards its worldwide sales and marketing initiatives.
“Our investors are a perfect match for the DNA of the company: They share our vision for the future of data storage and they understand the global market place,” commented Scality CEO Jerome Lecat via a press release.
He continued, “I have managed several start-ups, but this is the first time I have seen a 5x sales growth on an annual basis. A disruption is happening in the market and we are driving it. This is very exciting. We are going to continue growing and are recruiting to sustain this growth including increasing our investment in R&D.”
Scality gears its solutions towards helping government entities, enterprises, email service providers, media and high performance computing.