Object storage vendor Scality has raised $45 million in investment that will be used to expand its North American sales force, continue international expansion and build out its reseller program. The company, which is targeting an IPO in 2017, has raised a total of $80 million since its founding in 2009.
“We started a satellite office in Japan and we will continue to invest there. We started a satellite office in Singapore and we will expand there as well as the existing market in North America and Europe,” said Leo Leung, Scality’s vice president of marketing.
This latest funding round includes a new investor and partner BroadBand Tower, Inc., which is expected to expand Scality’s presence in Japan.
“They believe in the technology and the company,” Leung said. “They were one of the first companies in Japan to push some early trends such as virtualization. Now they are pushing software defined storage.”
Other investors include Menlo Ventures, IDnvest, the Digital Ambition Fund, Iris Capital, Omnes Capital and Galileo Partners. Also, 65 percent of Scality employees participated in the latest Series D funding round. The company has 160 employees worldwide.
Leung said Scality is planning an 80 percent channel-based and 20 percent direct sales force model.
“We have larger system vendors (but) just because we are in the price books doesn’t mean they are actually selling it,” he said. “And we are going to make more investments on the tech side. We do substantial research and most of it is research in technology. There are some new things coming down the road. There are still some very hard problems out there, especially when it comes to multi-geographies and security and interoperability.”
Scality’s Ring software uses a de-centralized distributed architecture, providing concurrent access to data stored on x86-based hardware. Ring’s core features include replication and erasure coding for data protection, auto-tiering, and geographic redundancies inside a cluster.