Nasuni will use the funding to explore acquisition opportunities. Here are the top-line bullets you need to know.
Nasuni, an enterprise storage company, has raised $60M in a Series I that drew participation from Sixth Street Growth.
How’s the company performing?
- Massachusetts-based Nasuni provides cloud storage, backup, disaster recovery, and file sync solutions.
- The company currently has more than 27B files under management.
- In February 2022, the company launched an open-source repository, Nasuni Labs, on GitHub.
- In 2021, the company’s customer base grew by 54% to around 650.
- Nasuni witnessed an 81% jump in new customer bookings and contract values in 2021, while its SaaS revenue grew at a CAGR of 42%.
- 35% of the company’s annual subscription contracts are reportedly worth more than $350K per year.
- Nasuni offers its services in 10K locations across over 70 countries.
Source: Nasuni
Why does the market matter?
- The global cloud computing market is expected to reach a value of $1.56T by 2030, growing at a CAGR of 15.7%, according to Grand View Research.
- Increasing digitization and data generation have contributed to market growth.
- The demand for cloud computing solutions has risen amid the pandemic-induced acceleration of digital transformation initiatives.
