Scality secures $22M from Menlo Ventures, Iris Capital and FSN PME

Scality has closed its series C funding round for $22 million, bringing the total invested capital since company inception to $35M. The round was led by Menlo Ventures and Iris Capital, with participation from FSN PME and all existing investors, including Idinvest Partners, OMNES Capital and Galileo Partners. Scality will use the funding to strengthen its worldwide sales & marketing initiatives targeting enterprise and service provider markets, and to increase investment in its world-class R&D team.

“The growth opportunity in the software storage market is very exciting for us,” said Doug Carlisle, managing director, Menlo Ventures. “The intersection of Mobile, Social, Big Data and Cloud Infrastructure is creating a disruption in technology innovation. Scality is leading the disruption in software defined storage technology. Since its introduction in 2010, Scality’s RING software storage product has seen rapid adoption by companies eager to try a new storage approach. We look forward to watching Scality continue to innovate in data storage solutions for the web scale infrastructure markets.”

The company has seen exceptional growth in customer adoption, achieving 400% sales growth year over year. Customers deploy Scality’s software to provide large-scale storage for Cloud, Big Data, and Backup and Archive applications. The impressive customer list include four of the top ten cable operators in the US, the second largest Telco in France, leading portals in Italy, Germany, and UK, and several mobile operators in Japan. More recently, Scality announced its entry in the Media and Entertainment market, and just signed RTL, the second largest media group in Europe for its Video-on-Demand offering.

“We have watched Scality grow since 2010, and their progress has been exceptional,” said Guillaume Meulle, partner, Iris Capital. “We are delighted to participate in this funding round and to contribute our experience of the Service Provider market, as well as our strong ties with Orange and Publicis to help Scality build upon its current success.”

“Our investors are a perfect match for the DNA of the company: They share our vision for the future of data storage and they understand the global market place.” said Jerome Lecat, CEO, Scality. “I have managed several start-ups, but this is the first time I have seen a 5x sales growth on an annual basis. A disruption is happening in the market and we are driving it. This is very exciting. We are going to continue growing and are recruiting to sustain this growth including increasing our investment in R&D.”