Xconomy Boston, 11/13/2018
Boston-based primary data storage and backup provider ClearSky Data has raised $20 million in new funding to bring more customers aboard its “on-demand” hybrid cloud storage system. To date, ClearSky has taken in $59 million from investors.
It shouldn’t be much of a surprise that more money is flowing into enterprise data storage and cloud services outfits aiming to manage the cascades of business data faster and cheaper. In October, IBM (NYSE: IBM) dropped $34 billion to pick up Red Hat and boost its cloud business; in August, Palo Alto, CA-based VMware (NYSE: VMW) snatched up Boston-based CloudHealth Technologies; and in September, another Boston-based cloud storage company, Wasabi Technologies, took in $68 million to wage cloud warfare on Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), and IBM.