Zadara Announces a $25M Investment Round Led by IGP Capital
Investment to Accelerate Growth and Development of Consumption-Based Enterprise Storage Service Offering
IRVINE, Calif., Aug. 29, 2018 /PRNewswire/ -- Zadara, provider of zero-risk enterprise cloud storage, today announced that it has signed a $25 million funding round led by IGP Capital with participation from existing investors. The closing of the investment round is conditioned upon the approval of the general meeting of Zadara. This brings the total equity raised to over $60 million. Zadara plans to use the investment primarily to accelerate growth, including expanding its worldwide sales, dev-ops and engineering teams as well as its service provider partner channel. In addition, the funds will help Zadara develop its service offering, which focuses on eliminating the technical, operational, and financial risks associated with enterprise data storage and management.
Zadara uses a combination of industry-standard hardware and patented Zadara software to deliver powerful enterprise-class data storage and management — with the convenience of the cloud. Customers have full flexibility of choice when it comes to their installations as Zadara supports all protocols, data types and locations. In addition, thanks to the company's usage-based pricing model, customers only pay for the storage they consume, meaning they can scale their capacity up and down as needs change. Zadara is available via public clouds, including AWS, Google Cloud Platform and Azure, managed service providers, data centers, colocation partners, and on premises in customers' data centers.
"Zadara is dedicated to delivering zero-risk enterprise cloud storage. The new funding supports our mission by helping us to provide customers with industry-leading enterprise data storage solutions — like our upcoming all-flash arrays with data compression and deduplication — as a fully-managed service, with a 100%-uptime guarantee and consumption-based pricing," said Nelson Nahum, CEO and co-founder of Zadara.
"We have been impressed with Zadara's founding team and its proven track record of building innovative, scalable businesses in the storage market over the past two decades. Zadara's consumption-based storage platform offers enterprises the best of both worlds — cloud economics and flexibility, combined with local storage performance and control. Zadara's customers and partners have been extremely passionate about its technology and value proposition and we're excited to support the company in their journey," commented Moshe Lichtman, co-founder and general partner at IGP Capital.
Zadara is exhibiting at VMworld in Las Vegas this week. Come and visit us at booth #1612.
About Zadara
Zadara is zero-risk enterprise cloud storage. We help organizations eliminate the technical, operational and financial risks associated with enterprise data storage, by providing industry-leading enterprise data storage solutions as a fully-managed service, with a 100%-uptime guarantee and consumption-based pricing. Zadara uses a combination of industry-standard hardware and patented Zadara software to deliver the power of enterprise-class data storage and management — with the convenience of the cloud. Any data type. Any protocol. Any location. Zadara is available via public clouds, managed service providers, data centers, colocation partners, and on premises in customers' data centers. More at www.zadara.com, LinkedIn, and Twitter.
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SOURCE Zadara Storage, Inc.
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