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Russian venture firm Almaz among investors in cloud computing provider nScaled

23 Feb 2012

Leading Russian venture company Almaz Capital was among investors in a $7m Series A financing round for cloud computing recovery provider nScaled.

Also involved in the round were Doughty Hanson Technology Ventures and several Silicon Valley angel investors.

nScaled said it would use the investment to expand its global network of data centres and fund new software development, as well as sales and marketing.

Almaz co-founder and managing partner Peter Loukianoff said, In nScaled, we found a company that is in prime position to command a dominant role in the emerging market of cloud-based disaster recovery.

“nScaled’s technology platform will enable the company to broaden its service offerings in the future and allow customers to take full advantage of the cloud and its enormous economic and operational benefits.

“Cloud-computing is forcing dramatic structural changes in the way software applications are consumed by companies of all sizes and nScaled is well-positioned to capitalize on this tectonic market shift.”

Almaz specifically targets entrepreneurs and companies with links to Russia and the Commonwealth of Independent States, and has investors and partners including Cisco and the European Bank for Reconstruction and Development.

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