Nexenta delivers Open Software-Defined Storage (OpenSDS) solutions for private, public, and hybrid clouds, targeting workloads from legacy enterprise apps to web-scale cloud deployments. The company combines integrated predictive management capabilities with enterprise-scale 24×7 global service and support. Nexenta reports nearly 6,000 customers, about 300 partners, 50 patents, and more than 1,500 petabytes of storage under management. Led by CEO Tarkan Maner, the company partners with major vendors including Canonical, Cisco, Dell, Google, HPE, IBM, Intel, Microsoft, Seagate, VMware, and others. It says it will use the new financing to accelerate global market growth and expand commercial and systems-integration efforts with hardware partners. Nexenta Systems sells NexentaStor, a software-only software-defined storage (SDS) platform that targets private and public cloud environments. Its platform is positioned for high-performance, scalable and cost-effective storage deployments and is designed to work with flash hardware. The company reports more than 5,000 customer deployments and over 800 petabytes of storage under management. Nexenta partners with vendors including Dell and Cisco and supports cloud stacks such as CloudStack and OpenStack. The product messaging emphasizes lowering total cost of ownership and improving application performance through SDS tiering. Nexenta’s leadership frames collaboration with flash vendors as a way to optimize SDS for enterprise flash deployments. Nexenta develops NexentaStor, a software-defined storage platform optimized for cloud and virtualization environments. The company reports total storage under management exceeding 660 PB and has enabled an estimated $400 million in hardware storage sales for reseller partners. Deployments of one petabyte or greater grew to 33 in the past year, and Nexenta now has 5,000 customer deployments. Revenue doubled year-over-year, and the company has experienced triple-digit growth for three consecutive years. Leadership was updated with Mark Lockareff appointed CEO while former CEO Evan Powell becomes chief strategy officer, signaling a management shift alongside growth. Nexenta provides open-source storage software that enables unified storage management. Its solutions help enterprises avoid vendor lock-in and deliver storage capabilities at a fraction of the cost of legacy systems. The company announced a $21 million Series C financing. The round was led by Menlo Ventures and joined by Sierra Ventures, Razor’s Edge Ventures, Javelin Venture Partners and TransLink Capital. Nexenta operates worldwide with offices in the United States (Mountain View, California), Russia, and India, and its customers include the U.S. Army and Korea Telecom. Nexenta Systems develops NexentaStor, an open storage, enterprise-class, hardware-independent storage solution built on the open source ZFS file system. NexentaStor is designed to deliver superior storage functionality, tight integration across virtualization products, and faster development cycles versus legacy proprietary storage products. The company also sponsors NexentaCore, an open source operating system that combines OpenSolaris with Linux applications. The product positioning emphasizes hardware independence and integration with virtualization stacks. The article does not disclose revenue, users, or other operating metrics. Nexenta was founded in 2005 and is based in Mountain View, California.

Total raised

$65M

Funding rounds

5

Latest round

Equity

Latest activity

Dec 2017