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Object-Based Cloud Storage Start-Up Gets $7M B Round

It will spend the money on a sales & services office in New York & enhancements to its distributed object-based storage platform

Scality, a French cloud storage start-up-gone-Californian, picked up a $7 million B round Tuesday led by IdInvest Partners (née AGF Private Equity).

It's going to spend the money on a sales and services office in New York and enhancements to its distributed object-based storage platform, adding full multi-tenancy for Service Providers that want to offer virtual private clouds, and a new tiering algorithm for private clouds environments.

Total investment in Scality to date is $13 million.

It says its valuation doubled after its A round last May 2010 thanks to the successful delivery of a complete e-mail platform to cable operator Telenet for over two million users and the very strong sales pipeline.

CAPE, Galileo and Scality CEO Jerome Lecat re-invested in the B round.

Object-based storage is supposed to be at the beginning of Gartner's famous hype cycle.

The company's R&D remains in France, where it developed RING, a patented software platform that's supposed to scale cloud storage into the exabytes using commodity servers with direct attached storage.

It claims it delivers the performance and reliability of SAN- or NAS-based architecture without the hassles of volume management at one-third to one-half the cost.

It is used by SPs for storage-as-a-service, e-mail providers to store e-mails for millions of users and by web services managing billions of files with high performance expectations either for Web 2.0 or business applications.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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