Large-Scale Storage Management Company Scality Raises $22 Million Led By Menlo and Iris
Scality is a large-scale storage management and infrastructure company that has raised $22 million in Series C funding led by Menlo Ventures and Iris Capital. Other investors that participated in this round include FSN PME, Idinvest Partners, OMNES Capital, and Galileo Partners.
Scality is using the funding to boost their marketing initiatives and increase investments in R&D. Scality has seen tremendous growth for their software, which offers large-scale storage backup for big data and cloud applications.
Based in San Francisco, Scality also has offices in New York, Washington, D.C., Paris, and Tokyo.
“Our investors are a perfect match for the DNA of the company: They share our vision for the future of data storage and they understand the global market place,” stated Scality chief executive officer Jerome Lecat. “I have managed several start-ups, but this is the first time I have seen a 5x sales growth on an annual basis. A disruption is happening in the market and we are driving it. This is very exciting. We are going to continue growing and are recruiting to sustain this growth including increasing our investment in R&D.”