Storage Made Easy Raises Growth Capital Funding Round

Vehera LTD, a UK start-up trading as Storage Made Easy, has completed a growth capital funding round led by Moore Strategic Ventures, LLC, the private investment vehicle of Louis M. Bacon.

The round was also supported by other existing shareholders, including London, UK-based entrepreneurs who have experience in successfully exiting their businesses via sales to larger industry peers.
 
Storage Made Easy’s Enterprise File Fabric is a secure content management and data collaboration solution that indexes and works with a company’s existing on-premise or on-cloud storage silos, providing huge breadth given that over 60 storage platforms are supported. The solution does not provide storage. It unites files in these disparate storage platforms to provide a single cohesive way for employees to securely work and collaborate across corporate data sets, while providing pre-configured security, governance, compliance and audit policies to the indexed data. It provides a tool for many businesses, and the importance of the product has been underscored throughout the Coronavirus pandemic as more business rely on remote working.
 
Earlier this year, the firm also released a M&E version of its product which has been well received. This product introduced a transparent non-proprietary file transfer acceleration feature for large media assets that works across both on-premise and on-cloud storage. Coupled with partners and resellers, it has helped the company accelerate growth over the last year.
 
John Dollin, senior media operations manager, Arsenal F.C., said: “Working with the team at SME has been a great experience and the product does exactly what it says on the tin, it makes it easy. In an ever changing and more demanding media landscape we, as a media team, need to adapt quickly to new requirements and as a result, require tools and services that are flexible and easy to configure. The File Fabric has already proven its worth and with its simple API, it was easy to integrate into our facility.”
 
Storage Made Easy supports many blue-chip enterprise customers across a range of industries including retail, banking and finance, healthcare, and government.
 
Anatol Blass, SVP of IT and scientific computing, Sema4, the patient-centered health intelligence company, said: “Storage Made Easy’s File Fabric software is an important component of our IT infrastructure at Sema4. We appreciate the continued support from Storage Made Easy, which has been particularly helpful over recent months as we’ve rapidly built out a Covid-19 testing solution.”
 
Storage Made Easy also has a strategic partnership with object storage vendor Cloudian, Inc. who resells the product alongside its Cloudian Hyperstore product.
 
Jon Toor, Cloudian CMO, said: “The combination of Cloudian’s S3-compatible object storage systems and the Storage Made Easy File Fabric is a strong proposition for strategic object use cases which require end user access. This is particularly true in the current environment with more workers requiring remote access to sensitive enterprise data.”
 
Jim Liddle, CEO, Storage Made Easy, said: “We are delighted to have the continued support of Moore Strategic Ventures as an institutional investor given its  demonstrated track record of success with other market-leading, high-growth software companies. With the dramatic increase in remote working, and Moore Strategic Ventures’ support, I am confident that Storage Made Easy will be even better positioned to meet customer’s needs with its unique solutions and for sustainable growth.“
 
The File Fabric provides cloud-like economics across a company’s storage portfolio, unlocking the benefits and cost-efficiency of its data assets whilst providing strict controls and governance for legislative compliance and security concerns such as ransomware attacks.  Existing site-based storage infrastructures can be transformed into an on-premises private cloud, delivering a storage-as-a-service model to the company. Local storage can be connected to public clouds, expertly managed by the File Fabric as a unified hybrid cloud storage platform. 
 
The File Fabric solution offers a ‘blanket’ that companies can privately apply to wrap around all their data: on-premises, within a public cloud, or on a third party software vendors’ cloud (SharePoint or Salesforce for example). Customers can use tit for security, encryption and control with a focus on compliance regimes such as GDPR, HIPAA, FERPA and GBLA.
 
Customers include broadcasting companies, one of the world’s largest social media companies, and also one of the largest global retailers, in addition to global Internet service providers, universities and international government and governmental bodies.

The company is backed by one of the largest alternative asset managers in addition to entrepreneurs in the London market insurance industry, who have previously successfully sold their company to a listed peer.

Read also:
Storage Made Easy in UK Secures £3 Million
To grow European business
April 4, 2018 | Press Release
UK Storage Made Easy Closes Second Seed Round of $1 Million
First one was at $1 million in December 2011.
February 14, 2014 | Press Release