Panzura, a provider of global cloud storage solutions, has closed a $25 million Series D funding round. The investment was led by Meritech Capital Partners with participation from existing investors Matrix Partners, Khosla Ventures, Opus Capital and Chevron Technology Ventures. Managing director with Meritech Capital Partners, Paul Madera has joined Panzura’s board of directors.
The new round of funding brings the company’s total backing to $58 million.
Panzura grew its customer base by 700 percent in 2012 and has already exceeded 2012 bookings thus far in 2013, says the company.
[Image courtesy: Panzura]