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Additional $60m funding for Scality

Silverpeak helped Scality articulate its story to investors, in terms of both strategic positioning and financial trajectory

Who are they

Scality is recognized as a leader in distributed file and object storage by Gartner and IDC. The company builds the most powerful storage tools to make data easy to protect, search and manage anytime, on any cloud. It gives customers the freedom and control necessary to be competitive in a data driven economy.

This latest funding round will help Scality fulfil its goal of making multi-cloud a reality for its customers. It brought the company’s total funding $152 million and included participation from all existing investors, Scality staff, and a new investor, Harbert European Growth Capital.

What was our involvement

We contacted potential investors and negotiated transactions from start to finish. Our role was to help Scality articulate its story to investors, in terms of both strategic positioning and financial trajectory. We approached a broad range of international investors to support the growth of the company and launch Zenko, its multi-public cloud product. The process helped Scality target both growth investors and large venture funds willing to back the new product.

The syndicate assembled reflects the performance of the company and its growing role in helping clients make the most of public cloud providers.

Jerome Lecat, CEO of Scality, said: “Silverpeak proved invaluable in approaching investors in all geographies. They really helped refine our story and package it in a way that was easily understood by investors. Working with Silverpeak was seamless, especially on a cross-Atlantic fundraising, and that proved a successful combination.”

Jean-Michel Deligny, the Managing Director at Silverpeak leading the process, added: “Scality is unique as the only independent software vendor in data-management software that has made it to the top quadrant in Gartner’s research. The fund-raising challenge was to get recognition from investors, while Scality is in the process of launching its industry-first multi-public cloud SaaS product. The syndicate supports the expansion of the company, which already operates successfully in Europe, the US and Japan.”