TwinStrata Raises $8 Million in Funding for Cloud Storage
Cloud storage appliance vendor TwinStrata has announced the closing of an $8 million round of funding led by Avalon Ventures. TwinStrata plans to use the cash to boost sales and marketing efforts around its CloudArray product line.
As a quick refresher, TwinStrata CloudArray is a line of pay-as-you-go virtual and physical iSCSI cloud gateway and data loss prevention appliances that securely integrate on-premises storage environments with those offered by cloud service providers including Amazon S3, AT&T Synaptic and others. In fact, the last time TalkinCloud heard from TwinStrata, the company was announcing a partnership with PEER1.
Rich Levandov, managing director at Avalon Ventures, explained the appeal of investing in TwinStrata in a prepared statement:
“TwinStrata’s unique technology and open partner ecosystem have enabled them to emerge as a dominant player in the cloud storage space. We are excited about the momentum building around CloudArray and are confident that TwinStrata has the management expertise and technological capabilities to build on its success and solidify its leading position in this market.”
Recently, TwinStrata partnered with companies including Veeam and Datacore for distribution. CloudArray is available to the reseller channel, so the promised sales and marketing effort will almost certainly translate into some more channel momentum. Stay tuned to TalkinCloud for updates.