Cloud Storage Company Panzura Raises $25 Million

Posted Jun 7, 2013

San Jose, California based cloud storage company Panzura has raised a $25 million round of funding.  Meritech Capital led this round of funding.  Matrix Ventures, Khosla Ventures, Opus Capital, and Chevron Technology Ventures also participated in this round.

Panzura’s goal is to deliver cloud-integrated local NAS capabilities to a globally-distributed enterprise, which allows storage capacity to be centrally located, managed, and protected.

Panzura reported that their customer base has grown 700% in 2012.  Their latest round was oversubscribed and they expect to reach profitability soon.  Panzura’s advantage is that their geographically dispersed global file system lets data get securely shared across an enterprise, according to VentureBeat.  Panzura competes against companies like NetApp and EMC.

Panzura was founded by Randy Chou in 2008 and is led by CEO John Taylor.  Both of them were founding members of the software division of Aruba Networks.  The name Panzura is from the Latin words “pan” and “azure,” which means “across the sky.”