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Cloudian raises $94 million in series E round, says object storage ‘an idea whose time truly has come

August 29, 2018 / James Bourne

San Mateo-headquartered cloud storage provider Cloudian has announced it has raised $94 million (£73m) in a series E funding round, hailing it as a validation that object storage is ‘an idea whose time truly has come.’ Cloudian’s business case has been around the benefits of object storage, which provides greater scalability than block storage, as well as favouring unstructured data, with metadata attached to each object more easily identifying and classifying them. The funding, which for this round included input from Digital Alpha, Goldman Sachs and NTT DOCOMO Ventures among others, is not quite as simple as x raises y. Back in March, the big headline – as this publication duly reported – was that Cloudian had raised $125 million. Indeed it had, from Digital Alpha – but $100m of that was ‘consumption-based financing’ – a financial buffer, if you will – with $25m as equity. This round can be seen as additional to the $2...