Nasuni Acquisition, Valuation, Funding & Investors
Nasuni was acquired by Vista Equity Partners for $1.2B in July 2024.
Nasuni acquisition price
$1.2B
Acquired by Vista Equity Partners · Jul 2024
Cumulative funding Nasuni raised
$182M
across 8 funding rounds
Key investors in Nasuni
Flybridge
North Bridge Venture Partners & Growth Equity
Sigma Prime Ventures
Dell Technologies Capital
Titanium Ventures
Sigma Partners
Goldman Sachs
Goldman Sachs Growth Equity
About Nasuni
Nasuni is a Boston-headquartered provider of cloud-native file services that replace traditional NAS and file servers. The platform consolidates enterprise files into object storage from AWS, Azure, and Google Cloud, enabling global access with continuous versioning and ransomware protection. Nasuni serves industries including manufacturing, pharmaceuticals, and oil and gas through edge appliances that cache data locally for low-latency performance. Founded in 2009, it supports hybrid cloud architectures with built-in disaster recovery.
Founded
2009
HQ
Boston, MAWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.2B (acquired Jul 2024)
Nasuni Acquisition
Nasuni was acquired by Vista Equity Partners for $1.2B on 9 July 2024.
Before the acquisition Nasuni had raised $182M across 8 funding rounds.
Nasuni provides an enterprise data platform for modern hybrid cloud environments, disrupting legacy storage with solutions used by over 850 companies across 70 countries, particularly in manufacturing, consumer goods, and energy sectors. The company achieved 30% annual growth, surpassing $150 million in ARR, 46% growth in new customer bookings, top-decile retention rates, leading NPS scores, and cash flow positivity as of early 2024. Key innovations include Nasuni IQ for AI and data intelligence, integrations with Microsoft Copilot and Amazon S3, and expansion into the French market. Vista Equity Partners, a global investment firm with over $100 billion in assets under management focused on enterprise software and technology-enabled businesses, led a majority strategic growth investment in Nasuni on July 9, 2024, valuing the company at $1.2 billion and solidifying its unicorn status. Vista's Foundation Fund partnered with TCV and KKR's Next Generation Technology III Fund in the transaction, whose further terms were not disclosed. The investment accelerates product innovation, global commercial expansion, and go-to-market initiatives amid rising hybrid cloud and AI demand. Nasuni CEO Paul Flanagan emphasized the partnership enables purposeful scaling while maintaining customer, partner, and employee focus, with Vista's co-head Martin Taylor highlighting the platform's differentiation for data consolidation, protection, management at scale, and AI-critical performance.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 9 Jul 2024 | PE buyout | $1.2B |
Nasuni Funding History
Nasuni has raised a total of $182M across 8 funding rounds.
Nasuni's first fundraising round was a $10M Series D in August 2014. The most recent completed round was a $60M undisclosed-stage round in March 2022.
Nasuni funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2022 | Undisclosed stage | Sixth Street (lead) | $60M | Nasuni Corporation, a provider of cloud-based file data services supporting AWS, Azure, and GCP with edge caching for responsiveness, secured a $60 million growth equity investment on March 24, 2022, led solely by Sixth Street Growth, which also gained a board seat. This ninth funding round brought total capital raised to $169 million (or $148 million per company statements), leaving Nasuni with approximately $100 million in cash on the balance sheet after starting 2022 with $40 million. The investment targets accelerated product development, innovation, international expansion, and potential strategic acquisitions amid rising demand for cloud file services driven by data growth, cloud adoption, and ransomware threats. The round followed strong performance in fiscal year 2021 ending December 31, including an 82% new customer growth rate, expansion to around 600 enterprise customers, significant year-over-year growth in annual recurring revenues (ARR), surging global customer wins, and increasing numbers of customers with over $1 million in annual contract value. Nasuni emphasized its capital efficiency, with SaaS revenue growing at a 42% compounded annual growth rate over the prior five years while maintaining a modest burn rate. Nasuni positions itself to capture market share from legacy competitors in enterprise cloud file services, leveraging its cloud-independent platform. Sixth Street Growth, part of a firm managing over $60 billion with a focus on growth investments exceeding $5 billion across 40+ companies, partnered to support Nasuni's trajectory toward becoming the premier provider in the space. |
| Jul 2020 | Undisclosed stage | Titanium Ventures; Goldman Sachs; Gutbrain Ventures; North Bridge Venture Partners & Growth Equity | $25M | Nasuni is a provider of cloud file storage and file data services, consolidating legacy NAS and file server silos into cloud object storage for infinite scale, global access, ransomware protection, and cost savings at about half the price of traditional infrastructure. The company announced a $25 million new equity financing round coupled with a $15 million debt facility on July 14, 2020, matching the specified investors including Goldman Sachs and North Bridge Venture Partners (also referred to as Northbridge), bringing total funding over the past three years above $100 million with each round at increasing valuations. Investors highlighted Nasuni's traction with over 50% annual growth in data capacity under management, net expansion rate above 115% for five years, and capital-efficient model amid accelerating cloud shifts during the pandemic. For fiscal year 2020 ending December 31, Nasuni reported strong momentum with 36% year-over-year software subscription revenue growth, a record $24.6 million in annual contract value bookings in Q4 2020, 70% increase in data under management across AWS and Azure, and gross ARR retention above 95% for the fourth year. This performance disrupted on-premises NAS, file servers, and backup markets, enabling access to tens of billions of files in over 10,000 locations and supporting remote workforces. Nasuni's growth persisted post-2020, with capabilities added for cloud migrations, VDI integrations, and data protection, positioning it against competitors like Egnyte in hybrid cloud file services for enterprises, especially in AEC with over 4,300 locations. By 2022-2023, it achieved 52% new customer growth, 98% customer satisfaction, 97.5% gross retention, and expanded to 800+ enterprise customers, culminating in a $1.2 billion valuation from Vista Equity Partners' majority investment in July 2024. |
| Feb 2019 | Undisclosed stage | Titanium Ventures (lead); Sigma Prime Ventures; Flybridge; North Bridge Venture Partners & Growth Equity | $25M | Nasuni, a provider of cloud file services combining object storage with high-performance file storage, announced a $25 million growth equity funding round on February 19, 2019, led by Telstra Ventures with participation from existing investors Goldman Sachs, Sigma Prime Ventures, North Bridge Venture Partners, and Flybridge Capital Partners. The funding aimed to accelerate go-to-market strategy, build on 2018 growth, and expand into new markets. This followed a $38 million round in September 2017 led by Goldman Sachs, bringing total funds raised to $145 million, with much of the prior financing remaining on the balance sheet. Nasuni emphasized product innovations like the first multi-cloud solution for primary and archive file storage that automatically reduces costs for aging files while maintaining accessibility. These developments positioned Nasuni to capitalize on the growing demand for hybrid cloud storage solutions serving large enterprises across 12 industry sectors. |
| Sep 2017 | Undisclosed stage | Goldman Sachs Growth Equity (lead); Flybridge | $38M | Nasuni, a Boston-based provider of cloud-scale enterprise file services, closed a $38 million growth equity funding round on September 12-13, 2017, led by Goldman Sachs Growth Equity with participation from Flybridge Capital Partners, bringing total funding to approximately $120 million. The round followed a record quarter for new customer acquisition, expansion bookings from existing customers, and revenue growth, as well as a prior $25 million raise in late 2016. Funds were allocated to expand research and development, customer success, and go-to-market efforts amid rapid business momentum, including doubling in size for four consecutive years. Nasuni's UniFS global file system enables enterprises to store, manage, and collaborate on unstructured file data in cloud object storage, disrupting traditional NAS, backup, disaster recovery, and archive markets that involve billions in annual IT spend. The company positions its cloud-native solution and on-premises caching appliances as a scalable alternative to hardware-based approaches limited by file growth and multi-site collaboration challenges. In 2017, Nasuni added 40 employees, doubled office space in Boston's Seaport District, and received awards with strong customer validation, including high renewal and expansion rates. Goldman Sachs managing director David Campbell joined the board, citing Nasuni's role in the cloud replacing on-premises storage. President Paul Flanagan highlighted proven technology at scale and accelerating customer acquisition. The investment was opportunistic, as Nasuni had not planned to raise until later in 2017 or 2018 but capitalized on momentum and new management additions. |
| Dec 2016 | Series E | Sigma Prime Ventures (lead); Sigma Partners; Flybridge; Dell Technologies Capital; North Bridge Venture Partners & Growth Equity | $18M | Nasuni, a cloud-native provider of enterprise file services to distributed organizations, closed a $17.5 million Series E equity round on December 13, 2016, led by Sigma Prime Ventures, with participation from Flybridge Capital Partners, North Bridge Venture Partners, Sigma Partners, and a large strategic investor, alongside $7.5 million in venture debt from Eastward Capital, bringing total venture capital financing to $80.5 million. The company offers UniFS, a cloud-based file system that stores, protects, shares, and accesses enterprise files using public, private, or hybrid cloud infrastructure, addressing challenges like exponential file growth, unreliable access, and expensive traditional protection. Funds will support expansion with Fortune 500 and Global 2000 customers in a rapidly growing market. Nasuni doubled customer data under management to more than 12 petabytes in the past year and serves large clients including Ecolab, a major video game developer and publisher, and a leading advertising agency, while partnering with IBM Cloud Object Storage and Microsoft Azure. |
| Mar 2016 | Seed | Flybridge | $1M | - |
| Nov 2015 | Series D | Flybridge (lead) | $5M | - |
| Aug 2014 | Series D | Sigma Prime Ventures; Sigma Partners; Flybridge; Dell Technologies Capital; North Bridge Venture Partners & Growth Equity | $10M | - |
Who has invested in Nasuni?
10 investors have backed Nasuni across its funding rounds, including Flybridge, North Bridge Venture Partners & Growth Equity, Sigma Prime Ventures, Dell Technologies Capital, Titanium Ventures and Sigma Partners.
Lead investors include Sixth Street, Titanium Ventures, Goldman Sachs Growth Equity, Sigma Prime Ventures and Flybridge.
Nasuni Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 6 | Lead | Aug 2014 | |
| Boston, MA | 4 | Participant | Aug 2014 | |
| Boston, MA | 3 | Lead | Aug 2014 | |
| Boston, MA | 2 | Participant | Aug 2014 | |
| United States | 2 | Lead | Feb 2019 | |
| San Francisco, CA | 2 | Participant | Aug 2014 | |
| San Francisco, CA | 1 | Lead | Mar 2022 | |
| New York City, NY | 1 | Participant | Jul 2020 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Nasuni
Nasuni has acquired 3 companies to date.
Last acquisition by Nasuni was on August 27th 2026. Nasuni acquired DryvIQ for undisclosed valuation.
Latest Acquisitions by Nasuni
| Description | DryvIQ is a data governance platform that scans and classifies unstructured files across disparate storage systems. The software applies consistent policy rules and supports integration with existing security tools. | Resilio is a data transfer platform enabling high-speed synchronization across on-premises, cloud, and hybrid storage systems worldwide. Used by enterprises like NASA and the U.S. Navy, it leverages peer-to-peer technology to achieve transfer rates up to 10 Gbps per connection. Headquartered in San Francisco, the company supports Windows, macOS, Linux, and NAS devices, securing data with end-to-end encryption for industries including media, healthcare, and government. | Storage Made Easy is a London-based developer of the Enterprise File Fabric, a hybrid cloud file system unifying on-premises, NAS, and object storage like AWS S3 and Azure Blob. Registered as Vehera Ltd in 2009, the platform supports FIPS encryption, M-Stream acceleration for large transfers, and AI-driven indexing. Backed by Moore Strategic Ventures, it serves enterprises with governance for compliance and ransomware protection across global data silos. |
| HQ Country | | |  |
| HQ City | Detroit, MI | San Francisco, CA | London |
| Deal Date | 27 Aug 2026 | 3 Mar 2026 | 28 Jun 2022 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
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Nasuni Competitors
Nasuni competitors include listed companies like Kingsoft Cloud and Box, and private ones like Wasabi Technologies, Qiniu, XSKY Data Technology and Impossible Cloud.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Boston, MA | Private | - | - | $1.8B | - | |
 Shanghai | Private | $208M | - | $744M | 3.6x | |
| Beijing | Private | - | - | $675M | - | |
| China | Publicly listed | $1.4B | $414M | $2.8B | 1.8x | |
 Hamburg | Private | $7M | - | $470M | 67.1x | |
| United States | Publicly listed | $1.2B | $124M | $4.8B | 4.3x |
Nasuni Public Comps
Nasuni is no longer listed, but its public comps include Beijing Topnew Info, Odine, Netac Technology Co, E2E Networks, Richinfo Technology, Boost Run, Systena, Rackspace, cyber_Folks and Quantum.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $39M | ($4M) | 29.7x | - | (325.1x) | - | |||
| $39M | $3M | 29.9x | - | 339.8x | - | |||
| $185M | $6M | 6.1x | - | 197.6x | - | |||
| $26M | $14M | 49.8x | 24.8x | 91.6x | 36.2x | |||
| $273M | $51M | 4.3x | 4.6x | 22.8x | 18.3x | |||
| $27M | ($4M) | 58.1x | 11.8x | (419.7x) | 25.1x | |||
| $607M | $107M | 1.4x | 1.4x | 7.9x | - | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
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Common questions about Nasuni
| When was Nasuni founded? | Nasuni was founded in 2009. |
| Where is Nasuni headquartered? | Nasuni is headquartered in Boston, MA, United States. |
| Is Nasuni publicly listed? | No, Nasuni was acquired by Vista Equity Partners in July 2024. |
| Who acquired Nasuni? | Nasuni was acquired by Vista Equity Partners in July 2024. |
| How much was Nasuni acquired for? | Nasuni was acquired for $1.2B in July 2024. |
| How much funding has Nasuni raised? | Nasuni has raised $182M across 8 funding rounds. |
| What was Nasuni's last funding round? | Nasuni's last funding round was a $60M undisclosed-stage round in March 2022, led by Sixth Street. |
| Who are Nasuni's investors? | Nasuni's investors include Flybridge, North Bridge Venture Partners & Growth Equity, Sigma Prime Ventures, Sigma Partners, Titanium Ventures, Dell Technologies Capital, Sixth Street, Goldman Sachs, Gutbrain Ventures and Goldman Sachs Growth Equity. |
| Which companies are comparable to Nasuni? | Companies comparable to Nasuni include Wasabi Technologies, Qiniu, XSKY Data Technology, Kingsoft Cloud, Impossible Cloud and Box. |
| How many companies has Nasuni acquired? | Nasuni has acquired 3 companies, including DryvIQ, Resilio and Storage Made Easy. |
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