We are thrilled to announce that Jerome Lecat, CEO & Co-founder of Scality closed a Series D funding round on Monday through Menlo Ventures. Established in 2009 and headquartered in San Francisco, Scality specializes in software based storage solution. Since its previous funding round in July 2013, the company has put up big numbers as they increased their revenue by 400% and grew its staff from 42 to 160 employees in less than 2 years.
Thanks to this new round, the company will continue to grow its sales force in the U.S and expand globally. These newly acquired funds will allow Scality to accelerate their expansion in Europe and Asia as the company recently opened up two offices in Japan and in Singapore. Nearly 6 years after its inception, Scality has thrived quickly and is now a leader in this growing market. 2017 may be a big year as the company approaches a potential IPO.
This is yet another great accomplishment from one of our fellow ubi i/o jury member, we are excited about this news and look forward to continue seeing Scality succeed!
Congratulations to Jerome Lecat and his team!