Panzura Closes $25 Million Series D Round

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]

Just in

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.

Covered California implements Google Cloud’s AI solutions

Covered California, California's health insurance marketplace, has announced that it will use Google Cloud's AI solutions to simplify the process of providing health insurance to California residents.