SanDisk Ventures announced an equity investment in Panzura, a start-up offering flash-based network attached storage (NAS) solutions for enterprise companies. Panzura’s scalable offering uses flash memory to store data off-premise in the “cloud,” reducing customer system, support, administration, power and cooling costs.
Panzura, which is based in San Jose, California, offers a cloud-integrated storage system for enterprises with network attached storage (NAS) functionality, native cloud support, a globally distributed file system, built-in FIPS 140-2 certified security and data protection, as well as high speed data transfer rates to and from the cloud. The company says the physical location of where data resides no longer affects how it is used.
- Earlier this month, Panzura announced $25 million in Series D funding for its cloud storage solution. The company said its customer base grew by 700 percent in 2012 and that it now had the largest number of petabytes under management. The latest funding round was led by Meritech Capital Partners with participation from its existing investors Matrix Partners, Khosla Ventures, Opus Capital and Chevron Technology Ventures.