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- Scality
Scality Funding, Investors & Competitors
Scality has raised $159M across 4 funding rounds, most recently a $20M Series E in January 2021.
Last Scality funding round
$20M
Series E · Jan 2021
Cumulative funding Scality raised
$159M
across 4 funding rounds
Key investors in Scality
Bpifrance
Menlo Ventures
Idinvest Partners
Omnes Capital
Galileo Partners
IRIS
STC Ventures
Claret Capital Partners
About Scality
Scality leads in petabyte-scale software-defined storage with its RING platform, which scales x86 servers to hundreds of petabytes and billions of objects using end-to-end parallel architecture and protocols like NFS, S3, OpenStack Swift, and Cinder. Founded in 2009, the company serves major media and telecommunications firms including top US cable operators, the second-largest telco in France, portals in Italy, Germany, and the UK, plus mobile operators in Japan.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing, Subscription
Scality Funding History
Scality has raised a total of $159M across 4 funding rounds.
Scality's first fundraising round was a $22M Series C in July 2013. The most recent completed round was a $20M Series E in January 2021.
Scality funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2021 | Series E | - | $20M | Scality is a software-defined storage provider specializing in object and file storage solutions, with products like RING for petabyte-scale data management across on-premises and multi-cloud environments. The company has partnerships with HPE, Dell, Cisco, Supermicro, and Western Digital, serving over 200 customers by 2018. Prior to 2021, Scality raised $152M in equity across multiple rounds, including $45M Series D in 2015 and $60M E-series in 2018, focusing on sales expansion, R&D, and global growth. On January 13, 2021, Scality secured $20M in new financing described as a mix of capital and debt from existing and new investors, bringing total equity funding to $172M. This non-dilutive round aimed to fund the company to profitability, supporting R&D, customer support, sales, and geographic expansion. CEO Jerome Lecat highlighted strong 2020 performance despite challenges, including more new customers, 30% revenue growth, record Q4 revenues, and growth in all-flash storage and S3 hybrid cloud deployments. Board chairman Jason Donahue noted Scality neared profitability in 2020 and expected to achieve it in 2021 with this investment. Scality positioned itself as a leader in software-defined storage, earning Gartner Magic Quadrant recognition and awards. The company anticipated IPO plans from earlier rounds but focused on profitability post-2021 funding. It was forecasted as a potential €1B French unicorn around this period, reflecting optimism in its growth trajectory amid competition in distributed storage markets. |
| Apr 2018 | Series E | Menlo Ventures; Claret Capital Partners; STC Ventures; Galileo Partners; Idinvest Partners; Bpifrance; Omnes Capital | $60M | Scality is a cloud storage and data management software company based in San Francisco. The company develops enterprise storage solutions focused on cyber-resilience and AI workloads, with products like ARTESCA for hybrid cloud and object storage environments. The company has raised a total of $149M to $174M across multiple rounds as of early 2023, with its most recent disclosed funding being a $25M Corporate Minority round in June 2023. |
| Aug 2015 | Series D | Menlo Ventures (lead); STC Ventures; Hewlett Packard Pathfinder; Galileo Partners; Idinvest Partners; Bpifrance; IRIS; BroadBand Tower; Omnes Capital | $57M | Scality, a software-defined object storage vendor offering RING technology, completed a $45 million Series D funding round on August 25, 2015, led by Menlo Ventures with participation from existing investors including Bpifrance, BroadBand Tower, Galileo Partners, Idinvest Partners, IRIS, Omnes Capital, and Hewlett Packard Pathfinder, plus 65% of staff, bringing total funding to $80 million. Scality had previously raised $22 million in Series C in July 2013. The funds were allocated to expand the North American salesforce, international growth including Japan via partner BroadBand Tower, and reseller support, positioning the company for a planned 2017 IPO. Since the 2013 round, Scality reported 400% revenue growth, expanded headcount from 42 to 160 employees, secured distribution deals with Hewlett-Packard and Dell partners, opened a Singapore office, and established a Japanese subsidiary. IDC highlighted Scality as a leader in the $21.6 billion object-based storage market growing at 21.5% annually in 2015, noting its unique blend of file and object technologies. Customers included service providers and enterprises deploying petabyte-scale storage. CEO Jerome Lecat emphasized the funding's role in boosting go-to-market efforts amid rethinking of storage strategies in software-defined storage. Menlo Ventures' Douglas C. Carlisle praised Scality as the biggest disruptor in traditional storage, poised for scaling with data volume growth. |
| Jul 2013 | Series C | IRIS (lead); Menlo Ventures (lead); Xavier Mazingue Desailly; Galileo Partners; Idinvest Partners; Bpifrance; Omnes Capital | $22M | - |
Who has invested in Scality?
11 investors have backed Scality across its funding rounds, including Bpifrance, Menlo Ventures, Idinvest Partners, Omnes Capital, Galileo Partners and IRIS.
Lead investors include Menlo Ventures and IRIS.
Scality Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jul 2013 | ||
| 3 | Participant | Jul 2013 | ||
| 3 | Participant | Jul 2013 | ||
| 3 | Participant | Jul 2013 | ||
| 3 | Participant | Jul 2013 | ||
| 2 | Participant | Aug 2015 | ||
| 2 | Lead | Jul 2013 | ||
| 1 | Participant | Apr 2018 | ||
| 1 | Participant | Jul 2013 | ||
This data is available for Pro users. Sign up to see all 11 Scality investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialScality Competitors
Scality competitors include listed companies like CommVault Systems and Oracle, and private ones like VAST Data, DataDirect Networks, Cribl and Qumulo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $200M | - | $30B | 150.0x | ||
| Publicly listed | $1.2B | $84M | $6.2B | 5.0x | ||
| Private | $750M | - | $5B | 6.7x | ||
| Private | $100M | - | $3.5B | 35.0x | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $67B | $33B | $455B | 7.8x |
Scality Public Comps
Scality is still privately-owned, but its public comps include Micron, CXMT, Oracle, Palantir, Dell, SanDisk, Seagate, KIOXIA, Western Digital and Snowflake.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $37B | $18B | 29.0x | 8.0x | 60.3x | 9.6x | |||
| $9.2B | $5.5B | 60.3x | - | 101.9x | - | |||
| $67B | $33B | 8.6x | 7.8x | 17.7x | 13.9x | |||
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $114B | $12B | 3.5x | 2.4x | 34.3x | 20.1x | |||
| $20B | $13B | 11.4x | 8.7x | 17.6x | 12.5x | |||
| $12B | $4.2B | 15.2x | 13.6x | 43.8x | 30.8x | |||
| $15B | $7.6B | 11.7x | 4.6x | 23.1x | 6.0x | |||
This data is available for Pro users. Sign up to see all Scality competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Scality
| When was Scality founded? | Scality was founded in 2009. |
| Where is Scality headquartered? | Scality is headquartered in Paris, France. |
| Is Scality publicly listed? | No, Scality is a private, VC-backed company. |
| How much funding has Scality raised? | Scality has raised $159M across 4 funding rounds. |
| What was Scality's last funding round? | Scality's last funding round was a $20M Series E in January 2021. |
| Who are Scality's investors? | Scality's investors include Menlo Ventures, Galileo Partners, Idinvest Partners, Bpifrance, Omnes Capital, STC Ventures, IRIS, Claret Capital Partners, Xavier Mazingue Desailly, Hewlett Packard Pathfinder and 1 other. |
| Which companies are comparable to Scality? | Companies comparable to Scality include VAST Data, CommVault Systems, DataDirect Networks, Cribl, Qumulo and Oracle. |
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