Nirvanix Raises $25M to Fuel Expansion of Cloud Storage Services
San Diego-based Nirvanix, which provides cloud storage services, says today it has raised more than $25 million in a Series C round of venture funding led by Khosla Ventures. Existing investors Valhalla Partners, Intel Capital and two San Diego firms, Mission Ventures and Windward Ventures, joined in the round.
Nirvanix, founded in 1998 as Streamload, said the latest round brings the total amount of venture capital invested in the company to $70 million.
The company says it plans to use the capital to significantly expand its engineering organization and sales and marketing groups while also accelerating its introduction of new cloud storage services.
Nirvanix says its cloud storage services are designed to handle millions of users, billions of files, and exabytes of data (1018 bytes). The company is targeting the market for business-critical enterprise data, and says it has thousands of customers, including Cerner, IBM, National Geographic, Relativity Media, and the USC Digital Repository.