Press release published by: https://cloudian.com/
Source URL: https://cloudian.com/press/cloudian-secures-funding-commitment-125-million-joint-venture-digital-alpha-power-enterprise-object-storage-growth/
Cloudian today announced a $125 million joint venture with Digital Alpha to accelerate adoption of Cloudian’s enterprise object storage systems. The joint venture includes a utility financing facility of up to $100 million from Digital Alpha and its Limited Partners to enable flexible procurement options to accommodate customers’ rapidly growing storage environments.
It also includes a $25 million equity commitment to support expansion of Cloudian’s sales, marketing, engineering, and customer-support organizations.
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