Raising Funds for the Cloud: Nirvanix Announces $25M

(Ping! Zine Web Hosting Magazine) – $25 million: That’s exactly how much solutions provider Nirvanix will be able to invest in cloud. The move is thanks to a funding round operated in coordination with Khosla Ventures, a venture capital firm.

Announced last Thursday, the raising of new funds expands upon an already collected $45 million. Nirvanix’s solutions include public, hybrid and private cloud services.

Discussing the matter in a press release, Khosla Ventures General Partner David Weiden cited what he saw as some “fundamental shifts” in the market accounted for by Nirvanix. According to Weiden, those included both data and cloud.

“The advantages of cloud computing are becoming more clear all the time, and it is inevitable that storage will also move to this architecture,” commented Weiden. “Data, particularly unstructured data, is exploding in volume and ways to leverage it. Nirvanix’s momentum with top tier enterprise customers speaks for itself, and we look forward to helping them accelerate their lead,” he went on to say.

Meanwhile, Nirvanix CEO Scott Genereaux noted that the company had already almost taken in more funds in the first quarter of this year that it had during the entire course of last year. The announcement follows an event at the Symantec 2012 Conference late last month in which the cloud provider demonstrated some of its solutions along with unveiling a 1TB of cloud storage offering. For more information on Nirvanix’s raising of funds, view a press release here (nirvanix.com).

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