Panzura Raises $12M in 2nd RoundDecember 07, 2010
Silicon Valley Business Journal
by Elizabeth Kim
Panzura Inc. said Tuesday it raised $12 million in a second round of funding.
The San Jose-based company is a provider of cloud storage and application optimization products.
Panzura said the latest round was led by Menlo Park-based Khosla Ventures.
Also participating was Matrix Partners, which has an office in Palo Alto, and CTTV Investments, the venture capital arm of Chevron Technology Ventures LLC.
Panzura said the funding will be used to expand sales, marketing and support operations as well as for research and development.
“No company in the nascent cloud storage space has shown the level of product innovation, sales traction, and customer satisfaction as Panzura,” said Shirish Sathaye, general partner of Khosla Ventures.