Cloud Storage vendor TwinStrata secures $8 Million Funding Round

Cloud-based storage vendor TwinStrata said recently that it has closed a Series B of round $ 8,000,000 of funds. As per the press release, Avalon companies led the investment round. The TwinStrata says it will utilize the investment to increase sales and marketing efforts for its Cloud Array solution.

"With this financing, investors have confirmed their continued confidence in the market development potential solutions with TwinStrata cloud storage gateway" Nicos Vekiarides, TwinStrata CEO said in a statement. "Our recently announced distribution agreements with DataCore and Veeam are testimony to the growing interest in cloud storage and backup solutions in the cloud."

The gateway Twinstrata CloudArray cloud storage is available in configurations of virtual and physical device, according to the press release. It allows customers to backup infrastructure and connects applications to the cloud.

TwinStrata said that CloudArray supports multiple providers, both private and public cloud storage, including AT & T, Rackspace, Amazon, EMC Atmos, OpenStack, Nirvanix, Mezeo, Scality and Peer1. CloudArray also features in-flight/at-rest data encryption, dynamic caching, deduplication, optimizing bandwidth, cloud snapshots and with high availability.

The unique technologies of TwinStrata and open partner ecosystem have permitted them to emerge as a leading player in the storage space in the cloud," managing director of Avalon Ventures, Rich Levandov said in a report. "We are very excited about the impetus to all CloudArray of TwinStrata and are confident that it has experience in management and technological capability to build on its success and to consolidate its leadership position in this market."