Gluster completes $8.5 Million in series B round

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Bangalore: Gluster, the provider of open source scale-out storage solutions, today announced it has closed an $8.5 million Series B round of funding led by Index Ventures with participation from the previous investor, Nexus Venture Partners. Bernard Dalle, Partner at Index Ventures and Member of the Gluster Board of Directors said, "There is a clear demand for a disruptive approach to storage that matches the trend towards lower cost solutions and greater manageability. The team at Gluster has proven their ability to meet this demand as evidenced by community deployments and revenues growing at a very fast pace. The company is racking up an impressive list of partners, product awards and reference customers." Multiple trends are driving Gluster's growth across a wide-range of industry segments including healthcare, legal, media and hosting providers: Unstructured data is growing by 60 percent per year, creating a need for vastly different storage economics; over 20 percent of all compute workloads are now virtualized, creating a need for vastly different shared storage architectures; and, the cloud is expected to account for 14 percent of all IT spending by 2014, creating a need for storage that works both on-premise and in the cloud. Gluster addresses these needs with a scale-out, open source, software-only storage solution that enables enterprises to manage petabytes of file data in a single volume across multiple storage servers.