Panzura provides a hybrid multi-cloud data management platform that uses intelligent edge technologies to deliver LAN performance with cloud economics. Its platform simplifies data management, offers advanced analytics, reduces operational complexity, and improves security for large-scale, multi-site enterprise data workflows across the globe. Led by CEO Jill Stelfox and CRO Dan Waldschmidt, Panzura serves flagship clients including Disney, Milwaukee Tool, BBC America, AmeriHome Mortgage, US federal government agencies, and multiple NFL and MLB teams. The company is based in San Jose, California. Panzura raised $80M in a Series B round and intends to use the funds to scale operations and continue servicing enterprise customers. It plans hires across engineering, marketing, HR, finance and sales to support that growth. Panzura provides a hybrid cloud storage platform for high-performance database and virtual workloads, big data analytics and IoT applications. Led by CEO Patrick Harr, the company offers hybrid cloud NAS, archive and collaboration storage products. In 2016 Panzura added over 100 new enterprise customers and more than 26 petabytes of enterprise storage, and its products were deployed in over 33 countries across multiple industries and governments. The company has expanded channel and alliance relationships with cloud providers AWS, Google, IBM and Microsoft Azure. Panzura intends to use the new capital to scale in the $32B on-premise storage market and to expand its offerings. Panzura offers a global file system and controller appliances that move and store data quickly and securely across distributed locations. The product leverages SSDs in its hardware and the Internet to speed data transfers and replicate snapshots so files need not be recreated at remote sites. Its controllers act as replacements for traditional network-attached storage, with customers using the service alongside third-party cloud providers such as Amazon Web Services. The company emphasizes speed and reduced latency for enterprise users while retaining strong security features; the Department of Justice uses Panzura to share files across 265 sites. Panzura positions itself to appeal to enterprise CIOs seeking cost savings and improved network performance. Panzura offers a cloud-integrated storage system delivering enterprise-class solutions, including NAS functionality, native cloud support, a globally distributed file system, and built-in enterprise security and data protection. The company recently updated its flagship Panzura Global Cloud Storage System with the third-generation Panzura operating system (PZOS3) and an enhanced Quicksilver Cloud Storage Controller. Founded in 2008 by CEO Randy Chou and CTO John Taylor, Panzura combines on-premises NAS capabilities with native cloud integration. The company closed a $15m Series C in June 2012 to support its growth. Panzura intends to use the funds to scale US-based marketing, sales and engineering operations, establish an international sales presence, expand its channel ecosystem, and invest in research and product development. It also plans to explore joint development projects with strategic partners. Panzura provides cloud storage and application optimization products using an application-centric approach termed Application Network Storage (ANS). ANS combines application logic with storage technology to deliver solutions the company says are faster, cheaper and more secure than traditional Tier 1 storage. Its clients include large IT organizations across North America. Founded in 2008 and based in San Jose, California, the company recently raised $12M in Series B financing. It plans to use the capital to expand sales, marketing and support operations and to continue R&D investment in its product line.

Total raised

$170M

Funding rounds

6

Latest round

Series B

Latest activity

May 2022