Cloudian's Growth Story: A $23M Boost and Breakthrough Achievements
June 26, 2024, 3:45 am
Cloudian, a leader in secure S3-compatible AI data lake platforms, recently secured $23 million in growth financing from Morgan Stanley Expansion Capital. This funding will drive product innovation and sales initiatives to meet the surging demand for Cloudian's AI data lake software. The company's impressive growth metrics include a 30% increase in Annual Recurring Revenue (ARR) and achieving breakeven, showcasing its strong operational performance and market position.
Cloudian's HyperStore, known for its scalability, S3 compatibility, and security features, has positioned the company as a key player in the object storage market. The company's on-premises AI data lakes help enterprises worldwide turn information into insight securely, addressing data sovereignty requirements. Cloudian's solutions are proven with popular AI and data analytics tools, making it a go-to choice for storage needs across the data lifecycle.
The partnership with Morgan Stanley Expansion Capital marks a significant milestone in Cloudian's financial journey. The company's commitment to customer success and product innovation has propelled its growth, enabling enterprises to leverage AI-ready data lake technology for insights and AI initiatives. Cloudian's focus on data storage innovation and customer value has solidified its position as a market leader.
Cloudian's geo-distributed architecture manages and protects object and file data across different applications, offering military-grade security and seamless cloud integration. The company's presence in AWS Marketplace, HPE GreenLake, Lenovo, and reseller partners worldwide ensures accessibility to its solutions for diverse industries.
Morgan Stanley Expansion Capital's support signifies confidence in Cloudian's innovative approach to data storage and customer-centric focus. The partnership will fuel Cloudian's next phase of growth, delivering exceptional value to customers across industries like healthcare, finance, media, and government.
Cloudian's success story is a testament to its dedication to providing industry-leading storage solutions and advancing AI initiatives for enterprises globally. With a focus on security, scalability, and seamless integration, Cloudian continues to redefine the landscape of AI data lake platforms, setting new standards for data management and storage solutions.
Cloudian's HyperStore, known for its scalability, S3 compatibility, and security features, has positioned the company as a key player in the object storage market. The company's on-premises AI data lakes help enterprises worldwide turn information into insight securely, addressing data sovereignty requirements. Cloudian's solutions are proven with popular AI and data analytics tools, making it a go-to choice for storage needs across the data lifecycle.
The partnership with Morgan Stanley Expansion Capital marks a significant milestone in Cloudian's financial journey. The company's commitment to customer success and product innovation has propelled its growth, enabling enterprises to leverage AI-ready data lake technology for insights and AI initiatives. Cloudian's focus on data storage innovation and customer value has solidified its position as a market leader.
Cloudian's geo-distributed architecture manages and protects object and file data across different applications, offering military-grade security and seamless cloud integration. The company's presence in AWS Marketplace, HPE GreenLake, Lenovo, and reseller partners worldwide ensures accessibility to its solutions for diverse industries.
Morgan Stanley Expansion Capital's support signifies confidence in Cloudian's innovative approach to data storage and customer-centric focus. The partnership will fuel Cloudian's next phase of growth, delivering exceptional value to customers across industries like healthcare, finance, media, and government.
Cloudian's success story is a testament to its dedication to providing industry-leading storage solutions and advancing AI initiatives for enterprises globally. With a focus on security, scalability, and seamless integration, Cloudian continues to redefine the landscape of AI data lake platforms, setting new standards for data management and storage solutions.