The round was supported by all of Cleversafe’s major existing investors, the comapny said in a statement.
Cleversafe has managed to more than double its revenues and number of customers in each of the previous four years. It has shipped more than 200 petabytes of storage capacity, which is enough to hold four times the written works ever produced.
The company said its growth has accelerated since John Morris took over as CEO in May this year with its intellectual property portfolio increasing to more than 80 patents.
NEA managing general partner Peter Barris said, “Cleversafe is way ahead of the innovation curve in storage technology.
“Today, the company is seeing demand for its cost-efficient storage solution from an entirely new class of customer across a growing set of verticals.
“This demand will only accelerate as an ever-increasing volume of data is generated, and there is no better time for a company with the right technology to step forward to solve today’s business challenges.”
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