Panzura Gets $25M For The Love Of Speed In A Global File System

Panzura has raised $25 million for its global file system that stores and moves data in a fast, secure manner. Meritec Capital Partners led the D round. The company has now raised $58 million and expects to pursue an initial public offering. Panzura is one of those plays that appeals to the enterprise CIO who looks askance at the cloud but loves saving money and helping the company use the network without employees going nuts in customer support calls about that FILE THAT TAKES FOREVER TO OPEN. Of course security is a big plus, too. But the real story here is about speed: getting that data from those files somewhere fast without having to wait for it on the other end.

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