Leading innovator of cloud-based data storage, backup and disaster recovery solutions, today announced that it has closed an $8 million Series B round of financing. Avalon Ventures is the lead investor.
for more funding data on TwinStrata
To export TwinStrata funding data to PDF and Excel, click here
NATICK, MA, TwinStrata, Inc., the leading innovator of cloud-based data storage, backup and disaster recovery solutions, today announced that it has closed an $8 million Series B round of financing. Avalon Ventures is the lead investor. TwinStrata will use the investment to expand sales and marketing efforts for its CloudArray solution.
"With this funding, our investors have demonstrated their continued confidence in the market growth opportunity for TwinStrata's cloud storage gateway solutions," said Nicos Vekiarides, CEO of TwinStrata. "Our recently announced distribution partnerships with DataCore and Veeam are a testament to the growing interest in cloud storage and cloud backup solutions."
Available in both virtual and physical appliance configurations, the TwinStrata CloudArray cloud storage gateway connects customers' applications and backup infrastructure to the cloud, enabling them to enjoy limitless storage capacity, escape the cost, complexity and risk of off-site infrastructure or tape, and recover data instantly to any location. CloudArray supports the broadest ecosystem of public and private cloud storage providers including AT&T, Amazon, RackSpace, OpenStack, EMC Atmos, Mezeo, Nirvanix, PEER1, and Scality. Other features such as dynamic caching, in-flight/at-rest data encryption, deduplication, bandwidth optimization, in-cloud snapshots, high availability and ability to access restored data from anywhere make it easy for businesses to deploy and use.
"TwinStrata's unique technology and open partner ecosystem have enabled them to emerge as a dominant player in the cloud storage space," said Rich Levandov, managing director at Avalon Ventures. "We are excited about the momentum building around CloudArray and are confident that TwinStrata has the management expertise and technological capabilities to build on its success and solidify its leading position in this market."
TwinStrata is an innovator in enterprise-class data storage, data protection and disaster recovery/business continuity solutions using cloud storage. With TwinStrata CloudArray¬®, companies of all sizes can simply and economically leverage the scalability and efficiency of cloud storage while maintaining the availability, performance and security of local storage. CloudArray software and hardware solutions support all file and operating systems, and deliver substantial advantages over traditional off-site storage solutions, including a pay-as-you-go model, unlimited elastic capacity, local performance, in-cloud snapshots and disaster recovery, dynamic caching, automated policies, AES256 encryption, and continuous access to data. For more information about TwinStrata and CloudArray software and hardware solutions visit www.twinstrata.com.