Tuesday, August 25, 2015

Scality Scores $45M For Software Defined Storage, Aims At IPO

San Francisco-based Scality, a developer of software defined storage products, said Monday that it has raised $45M in a Series D funding. The funding came from BroadBand Tower (BBTower), along with Menlo Ventures and the company's other investors. The company said the funding will help it aim at a 2017 IPO, along with expanding its sales force, international expansion, and reseller support. Jerome Lecat is CEO of Scality. The company said the new funding came at 2x the valuation of its last round, but did not detail its current valuation. More information »