*NEWS: Enterprise Cloud Storage Hardware Startup Raises $25 Million

Nelson Nahum, CEO, Zadara Storage

A  startup that develops enterprise cloud storage hardware and related storage services, announced Thursday that it raised $25 million. The funding for Zadara, with HQ in Irvine,  was led by IGP Capital, and also included the company’s existing investors. Zadara has now raised a total of over $60 million in equity, according to the company.

“Thanks to a stable platform and streamlined operations, the company is very close to profitability right now,” CEO Nelson Nahum told OC Startups Now.  “This new money will be used to expand operations, sales and marketing, and support. We are excited to team up with IGP, the lead investor in this round, because they understand how to help companies like ours navigate the challenges of growing quickly and achieving large scale.”

Zadara uses a combination of “industry-standard hardware” and patented  software to deliver enterprise-class data storage and management, with the convenience of the cloud. Customers have flexibility of choice when it comes to their installations as Zadara supports all protocols, data types and locations.

The compnay employs a usage-based pricing model so customers only pay for the storage they consume, so they can scale their capacity up and down as their needs change.

Zadara is available via public clouds, including AWS, Google Cloud Platform and Azure, as well as managed service providers, data centers, co-location partners, and on-premises in customers’ data centers.

About The Author

Deirdre Newman is a long-time journalist, who's covered OC startups for a few years.

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