Nasuni, a Boston, MA-based provider of an enterprise data platform for modern hybrid cloud environments, received a majority investment from Vista Equity Partners.
Vista will be joined by TCV and KKR in the new investment, which valued Nasuni at approximately $1.2 Billion.
The amount of the deal was not disclosed.
The company intends to use the funds to further accelerate product innovation and commercial expansion in the global hybrid cloud market.
Led by CEO Paul Flanagan, Nasuni provides a scalable data platform for enterprises facing an explosion of unstructured data in an AI world. It delivers scale in hybrid cloud environments, enables control at the network edge, and meets the modern enterprise expectation for insight- and AI-ready data. The platform also simplifies file data management while increasing storage access and performance. Its file recovery protects customers against a range of cyber threats and eliminates the need for specialised backup and disaster recovery – all while cutting the cost of infrastructure by up to 65%.
