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Nirvanix Closes $25M Funding With Plans To Expand Cloud Storage Reach

By Joseph F. Kovar
May 03, 2012    8:39 PM ET

Page 2 of 2

Nirvanix currently has nine nodes located in Texas, California, New Jersey, Hawaii, Switzerland, and Germany. Part of the new funding will help expand its reach into such areas as Singapore, the U.K, Russia, Brazil, and Las Vegas, Zivanic said.

The company also plans to add to its sales and marketing team, he said.

The new $25 million funding is expected to be enough to help Nirvanix reach profitability as it looks to go public within the next 24 months, he said.



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