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Scality raises $60 million to accelerate development of its cloud-based storage tools

April 17, 2018

San Francisco-based Scality today announced that it has raised $60 million in venture capital, bringing its total raised to $152 million.

The company sells software to manage and protect data for companies using one or more cloud systems. The distributed approach to helping customers work across these different clouds is gaining traction as online data gathering and management becomes more complex.

“We are very proud that our customers are delighted by the reliability, performance, and cost-effectiveness of our solutions, and at the same time, they praise us for our forward thinking,” said Jerome Lecat, CEO of Scality, in a statement. “The Fourth Industrial Revolution is a real force, challenging every company in its business model and challenging every IT department.”

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