Cloud storage startup Nasuni valued at $1.2 billion in funding led by Vista

Cloud storage startup Nasuni has reached a valuation of approximately $1.2 billion after securing a strategic growth investment led by Vista Equity Partners. The Boston-based enterprise data platform startup added that Vista will be joined by TCV and KKR in the new investment.

This fresh capital infusion will bolster Nasuni’s rapid disruption of the legacy storage industry, further driving product innovation and accelerating its commercial expansion in the global hybrid cloud market. Nasuni currently serves over 850 enterprise clients with its cutting-edge hybrid cloud solutions.

“At Nasuni, our top priority is the success of our customers, partners, and employees,” CEO Paul Flanagan said. “Our relentless commitment to quality in every facet of our business is unwavering. This investment and our partnership with Vista, TCV, and KKR empower us to scale thoughtfully, continue our innovation, and elevate Nasuni to new heights.”

While specific terms of the transaction remain undisclosed, the deal is expected to close in the coming weeks. KKR’s contribution will be made through its Next Generation Technology III Fund.

This investment follows a series of strategic moves by Vista, including its recent acquisition of Energy Exemplar, an Australian energy market software provider, alongside Blackstone.

Vista also acquired a majority stake in TRG Screen in October 2023 and, in April, agreed to take healthcare IT firm Model N private in a deal worth approximately $1.25 billion. In June, Vista announced the sale of PowerSchool Holdings to Bain Capital for around $5.6 billion, according to another report from Reuters.

Founded in 2009 by Andres Rodriguez (CTO) and Rob Mason, Nasuni offers a scalable data platform designed to address the surge of unstructured data in today’s AI-driven landscape. Rodriguez, notable for his previous roles as founder and CEO of Archivas and CTO of the New York Times, has been instrumental in shaping Nasuni’s trajectory.

The Nasuni File Data Platform offers scalable data solutions tailored to enterprises grappling with unstructured data growth in the AI era. It delivers seamless scalability in hybrid cloud settings, provides control at the network edge, and meets the modern enterprise demand for AI-ready data. By simplifying file data management and enhancing storage access and performance, Nasuni also offers robust file recovery solutions, protecting customers against various cyber threats and negating the need for specialized backup and disaster recovery. Impressively, this is achieved while potentially reducing infrastructure costs by up to 65%.

With this new investment, Nasuni is poised to continue its disruptive path in the cloud storage industry, bringing innovative solutions to enterprises worldwide.