Nasuni secures $60M, as remote work fuels demand
Courtesy | Nasuni
While based in Boston, Nasuni has a large presence in Marlborough.
Nasuni Corp., a Boston cloud storage company with an office in Marlborough, received a $60-million equity investment by new investor Sixth Street Growth in New York.
The new funds will be used to expand Nasuni’s file data services as it tries to meet increasing demand for its cloud services, which allows companies to save their workloads in an efficient and secure manner, according to the company’s Thursday announcement.
Nasuni’s increased growth is being bolstered by remote and hybrid models becoming more normalized and thereby companies needing dependable cloud sharing options.
Over the last five years, Nasuni has been able to raise $148 million in financing and currently has $100 million in cash.
In addition to providing additional investment funds, representatives from Sixth Street Growth are joining Nasuni’s board of directors.
“Cybersecurity threats such as ransomware are forcing businesses to think differently about their data infrastructure. Nasuni pioneered the cloud-based file data services category almost a decade ago and has led the way in defining the architecture, business model, and user experience. This investment and our continued, rapid growth are validation of our vision,” said Nasuni CEO Paul Flanagan, in a written statement.
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