Infotech Lead India: SanDisk Ventures has invested in Panzura, a provider of flash-based network attached storage (NAS) solutions for enterprises.
SanDisk did not share investment details.
The company participated in Panzura’s recent Series D funding round and joins Meritech Capital, Matrix Partners, Khosla Ventures, Opus Capital and Chevron Technology Ventures as Panzura backers.
“Panzura’s innovative global NAS cloud infrastructure solution offers numerous benefits compared to traditional on-premise NAS offerings,” said Sumit Sadana, executive vice president and chief strategy officer of SanDisk.
Panzura’s cloud storage solution combines the flexibility, performance and productivity benefits of distributed storage with the manageability, security and cost benefits of centralized storage.
SanDisk launched SanDisk Ventures in 2012 with the goal of investing $75 million over a three-year period in select companies with promising technologies that extend the value proposition of flash memory in targeted applications.