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Scality Raises $7 Million For Enterprise Cloud Storage System

February 25th, 2011 02:53 admin Leave a comment Go to comments

Fresh off the heels of Box.net raising $48 million, cloud storage startup Scality is set to announce next week that they’ve raised $7 million in Series B funding.

The round was led by IdInvest Partners (formerly AGF Private Equity), with previous backers CAPE, Galileo and Scality CEO Jerome Lecat chipping in.

Scality provides ‘storage-as-a-service’ solutions for enterprises around the globe.

The company says it will use part of the proceeds to complement its San Francisco headquarters with an East Coast sales and services office in New York. Furthermore, Scality will step up development of its object-based storage platform, adding full multi-tenancy for service providers who want to offer virtual private clouds (VPCs).

Scality’s total investment to date is $13 million.

The company claims its valuation doubled after the Series A round of funding secured in May 2010, thanks to the successful delivery of a complete email platform to cable operator Telenet for over 2 million users (coincidentally, I’m one of those).

Source: Scality Raises $7 Million For Enterprise Cloud Storage System

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