Cloud Funding Roundup: Panzura, Bitglass Raise Capital

Cloud Funding Roundup: Panzura, Bitglass Raise Capital

There must be something in the water in Campbell, Calif. 

There must be something in the water in Campbell, Calif. Two cloud companies based in the Silicon Valley city announced this week that they have raised capital to expand their headcount and grow their global presence. Read on for the details. 

Bitglass Closes $45 Million in Series C Funding Round

WHO: Data protection company Bitglass, founded in 2013 by a team of industry veterans, offers a Cloud Access Security Broker (CASB) solution for enterprises with end-to-end protection from the cloud to the device.

WHAT: A $45 million series C funding round, with participation by new investor Future Fund and existing investors NEA, Norwest, Singtel Innov8. The funding round brings its total funding to $80 million.

WHERE: Campbell, California

WHY: Bitglass has experienced customer growth in regulated industries including healthcare, financial services and life sciences. Bitglass will use the investment to fuel its global expansion in the U.S., EMEA and APAC regions.

Panzura Gets $31 Million to Expand Team, Hybrid Cloud Storage Offerings

WHO: Hybrid cloud storage provider Panzura. Founded in 2008, the Panzura team includes talent from Sun, NetApp, Data Domain, Riverbed, Veritas and other IT companies. The Panzura Global Cloud Storage System is an interconnected, unified global file system. According to Panzura, customers implement its solutions for use cases such as global software distribution, cross-site collaboration, high value asset distribution, hybrid cloud NAS and active archive.

WHAT: A $31 million growth capital round, led by Matrix Partners, joined by Meritech Capital Partners, Opus Capital, Chevron and Western Digital as well as an undisclosed strategic investor

WHERE: Campbell, California

WHY: Panzura had record growth in 2016, adding over 100 new enterprise customers and expanding its channel presence with AWS, Google, IBM and Microsoft Azure. The financing will be used to scale the company’s leadership and its hybrid storage offerings for high performance database and virtual workloads, big data analytics and Internet of Things (IoT) applications.

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