Scality continues to add new logos
Company to continue bold investment in Engineering for technology innovation that brings freedom and control to people who create value with data.
San Francisco, CA – April 17, 2018 Scality, leader in software for distributed file and object storage and multi-cloud data control, today announced that it closed an additional $60 million round of funding to continue executing on its technology innovation strategy as it makes multi-cloud real for its customers.
Since its last round of funding in 2015, Scality has made significant advances in technology and won numerous awards and accolades from analysts, industry groups and channel organizations for its Scality RING Software-Defined Storage, including a leadership position in the famous Gartner Magic Quadrant. As the largest independent vendor in its space, Scality continues to add new logos as quickly as it expands its footprint with existing ones; now counting more than 200 customers, all with storage footprints measured in petabytes. This latest funding round includes participation from all existing investors, Scality staff, and a new investor, Harbert European Growth Capital.
The financing was arranged by Silverpeak, a leading Europe-based technology-focused independent investment bank. This round brings the company’s total funding to date to $152 million. Scality will use the new infusion to accelerate its bold investment in engineering to innovate in ways that transform IT and simplify the path to creating value with data.
“Scality’s leadership is apparent, not only through what we hear from Jerome Lecat and his team, but also through what the analysts are writing, and, most importantly, through what the company’s customers and partners are saying,” said Doug Carlisle, Partner Emeritus at Menlo Ventures. “It’s exciting to see them grow and innovate, anticipating the truly important trends that incorporate real needs, like multi-cloud control and open source code. Scality has built a solid reputation as a leader, and they continue to prove their vision.”
“We are delighted to be able to support Scality’s growth plans as part of this round,” said, Johan Kampe, Senior Managing Director at Harbert European Growth Capital.
Our nine partners have close to 150 years combined experience and over 300 completed deals in the technology sector with a vast network of relationships and deep domain expertise in Internet & Digital Media, Enterprise Software & SaaS, Business Services, Enabling Technologies and Healthtech.
Our network and reach is truly global – serving clients from all European countries and beyond; over 70% of our completed M&A deals are cross-border. In addition to our multi-cultural team, Silverpeak is a member of Globalscope, the international M&A advisor network, with people on the ground in 42 countries across every continent. For more information, please visit www.silverpeakib.com or follow on Twitter @silverpeakib
Harbert European Growth Capital
Harbert European Growth Capital (“HEGC”), an investment strategy of alternative asset manager Harbert Management Corporation (“HMC”), lends risk capital to technology and life sciences companies across Europe. HEGC has the ability to support businesses with follow-on reserves and a global network of commercial and investor relationships. Please see www.harbert.net for more information.