Object Storage Company Cloudian Raises $94 million in New Funding

📅 September 1, 2018 - Cloudian (cloudian.com), an object storage company turning information into insight with their hyperscale data fabric – that lets users store, find and protect data across an organization and around the globe – has raised $94 million in a Series E funding, bringing the company's total funding to $173 million.

Cloudian will use this new investment to expand its worldwide sales and marketing efforts and increase its engineering team to meet rising demand for its "limitlessly-scalable" enterprise storage solutions.

According to IDC, the worldwide enterprise storage market grew by 34.4% year-over-year in the first quarter of 2018, reaching over $52 billion in annualized revenue.

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