StorageOS secures $10m Series B funding led by Downing Ventures to scale go-to-market operations
Downing Ventures led the Series B round with participation from Bain Capital Ventures, Uncorrelated Ventures, MMC Ventures, and Chestnut Street Ventures.
StorageOS provides a software-defined storage management solution designed for cloud native environments and container architectures. The company enables developers to maintain control over persistent storage without sacrificing performance.
StorageOS has secured a $10m Series B funding round led by Downing Ventures, with participation from Bain Capital Ventures, Uncorrelated Ventures, MMC Ventures, and Chestnut Street Ventures. The capital will be directed towards accelerating the company go-to-market strategy and scaling customer-facing technology teams to drive revenue growth. This latest injection brings the total capital raised by the firm to $20m following deployment across thousands of global client implementations.
From the founder
"Securing a further significant round of funding is an important step in the development of the business and a huge vote of confidence in our team, technology and achievements to date,"
Alex Chircop
Founder and CEO at StorageOS
Investor perspective
"We are delighted to announce our investment in StorageOS, a company that is uniquely positioned as a global leader in cloud native storage management. As modern technology companies are transitioning to containerised architectures and stateful containers are proliferating, we see significant growth of demand for new and improved storage management solutions,"
Jack Eadie
Partner, Downing Ventures
Use of funds
- 01Accelerate go-to-market
- 02Invest in sales and marketing
Investors
Jack Eadie
Downing Ventures
Bill Lehmann
Bain Capital Ventures
Uncorrelated Ventures
Simon Menashy
MMC Ventures
Jonathan Meltzer
Chestnut Street Ventures