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July 14, 2020

Nasuni secures $40M in funding

Photo | Google Nasuni, a cloud computing company that began in Natick before moving to Boston, has expanded to a new site in Marlborough.

Nasuni, a cloud computing company based in Boston with a significant presence in Marlborough, has secured $40 million in new financing to help fund the company's growth, according to an announcement Tuesday.

Nasuni has now raised more than $100 million in the past three years, it said, with each funding round significantly increasing in size. Since its founding, the company has raised $169 million.

The latest funding includes $25 million in new equity financing and a $15-million debt facility. Nasuni said it's yet to use $25 million it raised in its last round of fundraising in February 2019.

Investors have included Goldman Sachs, Telstra Ventures and Northbridge Venture Partners. The latest loan came from Silicon Valley Bank. That loan is planned to be used on acquisitions and strategic projects, Nasuni said.

Nasuni says it's able to store users' data, which they can access from anywhere, at about half the cost of legacy enterprise storage options. Nasuni makes software to manage cloud computing systems including Amazon Web Services and Microsoft Azure. 

Nasuni was found in Natick before moving to Boston's Seaport neighborhood. It has since outgrown that space, opening an office in Marlborough in 2019 and then more than doubling its space since, now occupying 16,000 square feet at 313 Boston Post Road West.

Nasuni also announced on Tuesday new capabilities for what it called enhanced remote work, simplified cloud migration and protection for critical file data. Nasuni, citing industry research, said cloud computing will take up the bulk of infrastructure spending in the coming year as businesses defer capital spending and plan to utilize remote work longer-term.

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