Thursday, May 3, 2012

Nirvanix Gets $25M In Series C

San Diego-based cloud storage provider Nirvanix announced this morning that it has raised over $25M in a Series C funding round, which it says will go to "significantly expand" its engineering organization. The round was led by Khosla Ventures, and also included Valhalla Partners, Intel Capital, Mission Ventures and Windward Ventures, all existing investors in the company. Nirvanix said it has now raised $70M in total capital. Nirvanix operates an online, cloud-based storage service which it offers up to enterprise and other customers to archive, back up, and share files. It appears that the funding comes after a sudden surge in revenue and adoption of the firm's services. In a statement, Nirvanix CEO Scott Genereux said that the company booked more revenue in Q1 of 2012 than nearly all of 2011. More information »

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