Object-Based Cloud Storage Start-Up Gets $7M B Round (websphere.sys-con.com) February 28, 2011 at 2:00 AM
Scality, a French cloud storage start-up-gone-Californian, picked up a $7
million B round Tuesday led by IdInvest Partners (née AGF Private Equity).
It’s going to spend the money on a sales and services office in New York and
enhancements to its distributed object-based storage platform, adding full
multi-tenancy for Service Providers that want to offer virtual private clouds,
and a new tiering algorithm for private clouds environments. Total investment
in Scality to date is $13 million. It says its valuation doubled after its A
round last May 2010 thanks to the successful delivery of a complete e-mail
platform to cable operator Telenet for over two million users and the very
strong sales pipeline.
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