Nasuni announced it has closed $38 million in growth equity funding led by Goldman Sachs Growth Equity (GS Growth), a platform within Goldman Sachs’ Merchant Banking Division. The investment follows another record quarter by Nasuni for new customer acquisition, expansion bookings from existing customers, and revenue. Nasuni, which has now raised approximately $120 million, will use the new funding to expand its research and development, customer success, and go-to-market efforts.
Nasuni’s growth is accelerating as enterprises look for a more scalable and cost-effective way to manage the exponential growth of unstructured data. Traditionally, IT organizations purchased network attached storage (NAS), backup, archive, replication, and disaster recovery hardware and software. However, file growth would quickly outpace capacity, file sharing and transfer challenges would limit multi-site collaboration, and insufficient recovery points and recovery times would threaten business continuity. In conjuction to that issues, Nasuni’s cloud-native global file system and on-premises caching appliances, delivered as a subscription-based cloud service and integrated with cloud object storage, represent a paradigm shift in unstructured data management. This modern, cloud-native approach is why Nasuni counts the largest businesses in 6 different industry segments among its hundreds of customers.
“The cloud is replacing on-premises disk arrays as the next wave of data storage,” said David Campbell, Managing Director of Goldman Sachs’ Merchant Banking Division and newly appointed member of Nasuni’s Board of Directors. “What has been missing is a global file system that enables enterprises to store their fastest growing type of data – unstructured file data – in cloud object storage. Nasuni, powered by its UniFS file system, is Network Attached Storage redesigned for the cloud, enabling enterprises to reduce costs and provide data access to an increasingly global workforce, while seamlessly securing and protecting data so it can be easily recovered.”
“We have proven our technology works at scale, we are acquiring new customers at an increasing pace, and our customers renew their Nasuni subscriptions and buy more every year,” said Paul Flanagan, President of Nasuni. “Now, it’s about driving growth and scale in our business. We are thrilled to welcome Goldman Sachs to our investor base and delighted to be working with David Campbell, who, as a former IT executive with a computer engineering background, brings invaluable perspectives and real-world experience to our board.”