The UK based StorageOS, a leader in native cloud storage management, today announced that it has raised $10 million in Series B financing led by Downing ventures to drive container storage adoption. Current investors of startup-like Bain Capital Ventures, Uncorrelated Ventures and MMC Ventures also participated in the funding round along with Chestnut Street Ventures, a newcomer investor. The company will now invest more in its go-to-market strategy and expand its customer-facing sales and technology teams to create customers and generate revenue.
Storage makes it possible for customers to fully control their storage environment, whether on-premises or in the cloud. By providing persistent releases to applications in container environments, users can realize the full commercial benefits of containers and orchestrators. However, the number of container applications requiring access to persistent storage has been steadily growing over the past two years. As part of an effort to streamline the management of computing and storage on the same Kubernetes cluster to reduce total IT costs, many organizations are now deploying container storage platforms.
Simon Menashy, Partner, MMC Ventures said, “We’re excited to be supporting Alex and the StorageOS team again. The business has made excellent progress since we first invested, and across the market adoption of containers and Kubernetes has skyrocketed.”