San Diego-based Nirvanix, which provides cloud storage services, says today it has raised more than $25 million in a Series C round of venture funding led by Khosla Ventures. Existing investors Valhalla Partners, Intel Capital and two San Diego firms, Mission Ventures and Windward Ventures, joined in the round.
Nirvanix, founded in 1998 as Streamload, said the latest round brings the total amount of venture capital invested in the company to $70 million.
The company says it plans to use the capital to significantly expand its engineering organization and sales and marketing groups while also accelerating its introduction of new cloud storage services.
Nirvanix says its cloud storage services are designed to handle millions of users, billions of files, and exabytes of data (1018 bytes). The company is targeting the market for business-critical enterprise data, and says it has thousands of customers, including Cerner, IBM, National Geographic, Relativity Media, and the USC Digital Repository.
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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