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SanDisk Ventures Announces Backing for Cloud Storage Solutions Provider


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SanDisk Corporation, a provider of flash memory storage solutions, says its investment arm, SanDisk Ventures, is now backing Panzura, a provider of flash-based network attached storage (NAS) solutions for enterprises. Panzura’s scalable offering uses flash memory to store data off-premise in the cloud, reducing customer system, support, administration, power and cooling costs.

Panzura optimizes enterprise data storage management and distribution in the cloud, intended to make storage simpler and more secure. Panzura’s global cloud storage solution combines the flexibility, performance and productivity benefits of distributed storage with the manageability, security and cost benefits of centralized storage. The net result is physical location of where data resides no longer affects how it is used.

“Panzura’s innovative global NAS cloud infrastructure solution offers numerous benefits compared to traditional on-premise NAS offerings,” according to Sumit Sadana, executive vice president and chief strategy officer of SanDisk. “Panzura is another excellent example of the important role flash memory is playing in the transformation of the enterprise.”

SanDisk joins Meritech Capital, Matrix Partners, Khosla Ventures, Opus Capital and Chevron Technology Ventures as Panzura investors. Specific financial terms of the SanDisk investment were not disclosed.

Additional information regarding Panzura may be found at http://panzura.com.

 

For more information on SanDisk, visit http://www.sandisk.com.


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