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- Cloudian
Cloudian Valuation, Funding & Investors
Cloudian is valued at $256M as of June 2024.
Last Cloudian valuation
$256M
Undisclosed stage · Jun 2024
Last Cloudian funding round
$23M
Undisclosed stage · Jun 2024
Cumulative funding Cloudian raised
$247M
across 6 funding rounds
Key investors in Cloudian
Intel Capital
Innovation Network Corporation of Japan
Goldman Sachs
Eight Roads Ventures
Japan Post Investment
WS Investments
About Cloudian
Cloudian is an object storage provider delivering S3-compatible platforms for data centers. San Francisco-headquartered since 2011, its HyperStore software scales to exabytes with erasure coding across on-premises and hybrid setups. Cloudian powers archives for NASA and media firms like Disney.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing, Subscription
Valuation
$256M (Jun 2024)
Cloudian Valuation
Cloudian is currently valued at $256M, based on its undisclosed-stage round in June 2024.
The $23M round was led by Morgan Stanley Expansion Capital.
Cloudian valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2024 | Undisclosed stage | $256M |
Cloudian Funding History
Cloudian has raised a total of $247M across 6 funding rounds.
Cloudian's first fundraising round was a $5M Series B in October 2013. The most recent completed round was a $23M undisclosed-stage round in June 2024.
Cloudian funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2024 | Undisclosed stage | Morgan Stanley Expansion Capital (lead) | $23M | $256M | Cloudian is a San Mateo-based company specializing in secure S3-compatible AI data lake platforms, offering geo-distributed architecture for managing and protecting object and file data at the edge, core, and cloud to support traditional and modern applications, including AI initiatives. Its HyperStore product addresses diverse enterprise storage needs across industries, positioning it as a leader in the object storage market amid rising demand for scalable AI-ready data management. On June 25, 2024, Cloudian closed $23 million in growth financing from Morgan Stanley Expansion Capital, the lead investor, with proceeds allocated to product innovation, sales, and marketing to capitalize on surging demand for its AI data lake software. This round brings the company's total funding to $256 million. Morgan Stanley Expansion Capital, a growth equity platform within Morgan Stanley Investment Management, targets late-stage investments in high-growth sectors like technology. At the time of the financing, Cloudian reported a 30% year-over-year increase in Annual Recurring Revenue (ARR) and achieved breakeven, underscoring strong operational performance and market traction driven by enterprise adoption of its technology for AI insights and initiatives. CEO Michael Tso highlighted product innovation and customer success as key growth drivers, marking breakeven as a pivotal financial milestone. Investors, including Stanley Hua from Morgan Stanley Expansion Capital, praised Cloudian's innovative data storage approach and customer focus, committing support for its next growth phase. The company operates in a competitive object storage landscape, leveraging significant technology investments to deliver value in AI and data management. |
| Jan 2023 | Undisclosed stage | Digital Alpha (lead); Eight Roads Ventures Japan; Japan Post Investment; Tinshed Asia; Silicon Valley Bank; WS Investments; Intel Capital; Innovation Network Corporation of Japan | $60M | - | Cloudian is a hybrid cloud data management company providing S3-compatible object storage software that runs on-premises or in public clouds, enabling scalable data management across platforms for use cases like AI, data analytics, and sovereign cloud. Founded in 2011, it transforms standard servers, VMs, containers, or public cloud into pooled storage resources, supporting petabyte-scale federation and integration with public clouds. On January 18, 2023, Cloudian closed a $60 million funding round led by Digital Alpha, with participation from Eight Roads Ventures Japan, Innovation Network Corporation of Japan (INCJ), Intel Capital, Japan Post Investment Corporation, Silicon Valley Bank, Tinshed Asia, and Wilson Sonsini Investments (listed as WS Investments), plus strategic investors. This brought total funding to $233 million since inception. The investment aims to reinforce Cloudian's leadership, accelerate hybrid cloud platform capabilities, and support growth in data analytics, hybrid cloud, data protection, and sovereign cloud via go-to-market and product development initiatives. The company appointed Bob Griswold as its first chairman of the board. CEO Michael Tso highlighted the funding's role in simplifying operations and deriving value from data amid digital transformation demands for limitless-scale hybrid cloud data management. Cloudian positions itself among top privately held object storage vendors alongside MinIO and Scality. Earlier, a 2018 $125 million joint venture with Digital Alpha included $25 million equity and $100 million financing facility. |
| Aug 2018 | Series E | Digital Alpha (lead); DG VENTURES; Goldman Sachs; Japan Post Investment; Eight Roads Ventures; WS Investments; NTT DOCOMO Ventures; WM Partners; Innovation Network Corporation of Japan | $94M | - | Cloudian, a provider of hyperscale object storage solutions compatible with Amazon S3 API, raised $94 million in a Series E funding round on August 29, 2018, bringing total funding to $173 million. The round included investors Digital Alpha, Eight Roads Ventures, Goldman Sachs, Innovation Network Corporation of Japan (INCJ), Japan Post Investment Corporation (JPIC), NTT DOCOMO Ventures, and WS Investments, with Digital Alpha contributing a previously announced $25 million. Funds were allocated to expand worldwide sales, marketing, and engineering to meet demand for scalable enterprise storage integrating private and public clouds for IoT, machine learning, and global data management. This Series E built on an earlier February 2018 joint venture with Digital Alpha, which provided a $125 million commitment comprising up to $100 million in consumption-model financing (utility financing) and $25 million in equity to support customer procurement flexibility, sales expansion, and partnerships like one with Cisco for data center architectures. Cloudian positioned its platform as a solution for Global 1000 and Global 2000 customers in media, automotive, manufacturing, healthcare, and government, emphasizing limitless scalability, data durability, and cloud economics to handle unstructured data growth. The company continued raising capital later, including a $60 million round in 2023 bringing total funding to $233 million from similar investors to advance hybrid cloud, data analytics, protection, and sovereign cloud initiatives. |
| Oct 2016 | Series D | City Holding; Goldman Sachs; DVP Investment; Epsilon Venture Partners; Eight Roads Ventures; Intel Capital; Lenovo; Innovation Network Corporation of Japan | $41M | - | - |
| Jul 2014 | Series C | Innovation Network Corporation of Japan (lead); Goldman Sachs; Eight Roads Ventures; Intel Capital | $24M | - | Cloudian is a software company providing object storage solutions compatible with S3, focused on scalable hybrid cloud storage for enterprises. In July 2014, Cloudian raised $24 million in a funding round led by Innovation Network Corporation of Japan (INCJ), with participation from Eight Roads Ventures, Goldman Sachs, and Intel Capital, as listed in funding histories. The funds supported Cloudian's growth in the object storage market, positioning it against competitors like Caringo and DDN. Cloudian achieved significant traction post-2014, announcing record revenue growth in H1 FY2019 (Feb-Jul 2019) with over 65% YoY increase in North America sales. By 2024, the company secured $23M growth financing from Morgan Stanley, reporting 30% YoY ARR growth and breakeven status, highlighting sustained demand for its AI data lake platforms integrated with tools like VMware, Seagate, and HPE. Cloudian's HyperStore platform emphasized massive scalability, geo-distribution, and cost savings, winning customers in finance, gaming, government, and fashion sectors. |
| Oct 2013 | Series B | Intel Capital (lead) | $5M | - | Cloudian is a software company specializing in distributed object storage for cloud and enterprise storage use cases. Its Cloudian platform enables Enterprise IT and Cloud Service Providers to deploy turnkey multi-tenant private and public object storage systems on commodity IA servers, scaling from two servers to exabytes across multiple datacenters. Customers include Vodafone, Nextel, NTT, Nifty, and LunaCloud, with offices in the U.S., China, and Japan. On October 22, 2013, at the Intel Capital Global Summit in San Diego, Cloudian announced funding from Intel Capital in its Series B round, sized at $5.1 million. Intel Capital led the round to fuel growth in global enterprise and service provider markets for object storage software. The funding supports expansion of sales and support capabilities and accelerates enterprise storage growth. Intel Capital highlighted Cloudian's scalable, reliable, and affordable object storage technology as uniquely positioned for exploding demand in cloud storage, particularly unstructured data. The investment provides Cloudian access to Intel's global network and technology expertise for global distribution through channel partners. |
Who has invested in Cloudian?
18 investors have backed Cloudian across its funding rounds, including Intel Capital, Innovation Network Corporation of Japan, Goldman Sachs, Eight Roads Ventures, Japan Post Investment and WS Investments.
Lead investors include Morgan Stanley Expansion Capital, Digital Alpha, Innovation Network Corporation of Japan and Intel Capital.
Cloudian Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Oct 2013 | ||
| 4 | Lead | Jul 2014 | ||
| 3 | Participant | Jul 2014 | ||
| 3 | Participant | Jul 2014 | ||
| 2 | Lead | Aug 2018 | ||
| 2 | Participant | Aug 2018 | ||
| 2 | Participant | Aug 2018 | ||
| 1 | Participant | Oct 2016 | ||
| 1 | Lead | Jun 2024 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Oct 2016 | ||
| 1 | Participant | Jan 2023 | ||
This data is available for Pro users. Sign up to see all 18 Cloudian investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Cloudian
Cloudian has acquired 1 company to date.
Last acquisition by Cloudian was on March 15th 2018. Cloudian acquired Infinity Storage for undisclosed valuation.
Latest Acquisitions by Cloudian
| Description | Infinity Storage is a Paris-headquartered provider of software-defined storage solutions for enterprise data management. The company offers Infinity OneFS, a scale-out NAS system unifying file, object, and block storage across on-premises, cloud, and hybrid environments. Infinity Storage supports petabyte-scale deployments for media, finance, and healthcare sectors, integrating with Dell EMC hardware and featuring data tiering to AWS S3 and Azure Blob. |
| HQ Country | |
| HQ City | Milan |
| Deal Date | 15 Mar 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Cloudian acquisitions and their M&A valuation multiples. Start Free Trial | |
Cloudian Competitors
Cloudian competitors include listed companies like Beijing Baolande Software and FreeBit, and private ones like LucidLink, Inrupt, Impossible Cloud and CyberHash.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $200M | - | ||
| Private | - | - | $140M | - | ||
| Private | $7M | - | $470M | 67.1x | ||
| Private | - | - | $120M | - | ||
| Publicly listed | $34M | ($9M) | $268M | - | ||
| Publicly listed | $354M | $38M | $243M | 0.7x |
Cloudian Public Comps
Cloudian is still privately-owned, but its public comps include Beijing Baolande Software, FreeBit, Logicom Group, Netcall, Inspur Digital Enterprise, One Stop Systems, Ribbon Communications, Beeks Group, QumulusAI and QingCloud Technologies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $34M | ($9M) | 6.8x | - | (25.4x) | - | |||
| $354M | $38M | 0.7x | 0.7x | 6.8x | 5.9x | |||
| $1B | $68M | 0.2x | - | 3.3x | - | |||
| $64M | $11M | 4.1x | 3.3x | 24.8x | 15.5x | |||
| $1.1B | $47M | 0.1x | 0.2x | 3.5x | 3.5x | |||
| $32M | ($2M) | 6.1x | 5.1x | (82.8x) | 472.9x | |||
| $845M | $60M | 0.8x | 0.8x | 10.9x | 7.3x | |||
| $49M | $15M | 4.2x | 3.7x | 13.7x | 9.6x | |||
This data is available for Pro users. Sign up to see all Cloudian competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Cloudian
| When was Cloudian founded? | Cloudian was founded in 2011. |
| Where is Cloudian headquartered? | Cloudian is headquartered in San Francisco, CA, United States. |
| Is Cloudian publicly listed? | No, Cloudian is a private, VC-backed company. |
| What is Cloudian's valuation? | Cloudian was last valued at $256M in its undisclosed-stage round in June 2024. |
| How much funding has Cloudian raised? | Cloudian has raised $247M across 6 funding rounds. |
| What was Cloudian's last funding round? | Cloudian's last funding round was a $23M undisclosed-stage round in June 2024, led by Morgan Stanley Expansion Capital. |
| Who are Cloudian's investors? | Cloudian's investors include Intel Capital, Innovation Network Corporation of Japan, Goldman Sachs, Eight Roads Ventures, Digital Alpha, Japan Post Investment, WS Investments, City Holding, Morgan Stanley Expansion Capital, DG VENTURES and 8 others. |
| Which companies are comparable to Cloudian? | Companies comparable to Cloudian include LucidLink, Inrupt, Impossible Cloud, CyberHash, Beijing Baolande Software and FreeBit. |
| How many companies has Cloudian acquired? | Cloudian has acquired 1 company, including Infinity Storage. |
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