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Panzura: $25M To Expand Enterprise Storage Cloud Overseas

Panzura in June closed a D round of funding worth $25 million. That brings total funding in the San Jose, Calif., company to $58 million, which executives said should be enough to carry the company through to profitability.

Panzura develops a FIPS 140-2-certified cloud-integrated storage platform that enables customers to take advantage of public cloud storage services such as Amazon Web Services, Google, the Hewlett-Packard Cloud, Nirvanix and clouds based on EMC's Atmos cloud storage systems.

The new funding will be used to help with overseas expansion, channel expansion, joint project development with strategic partners and internal R&D expansion.