Headquarters: San Jose, Calif.
CEO: Randy Chou
New Funding: $25 million
Backers: Meritech Capital Partners, Matrix
Partners, Khosla Ventures, Opus Capital, Chevron Technology Ventures
Panzura, which specializes in cloud storage solutions, intends to apply the new capital toward extending its sales presence into the Asia-Pacific region while also continuing to scale its sales, marketing and engineering operations in the U.S. and EMEA. The company also reports that it grew its customer base by 700 percent in 2012 and has already exceeded 2012 bookings in the current year. Expansion of its channel ecosystem is also planned.