Cloud Storage Company Nirvanix Raises $10 Million, Appoints New CEO

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Enterprise cloud storage provider Nirvanix is adding more money to its coffers and putting an experienced executive at the steering wheel. The company has secured an additional $10M, bringing its total of capital raised to $45 million.

The capital infusion comes from primary investors Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures.

In addition, Nirvanix has announced that it has appointed Scott Genereux as President and CEO. Genereux was formerly SVP of Worldwide Sales and Marketing at QLogic and held executive roles at DataDirect Networks (DDN) and Hitachi before that.

Genereux succeeds Jim Zierick who will continue to serve on Nirvanix’s Advisory Council.

The appointment of Genereux and securing additional capital should help Nirvanix expand market penetration of its Storage Delivery Network (SDN) on a global scale, the company says in a statement.

Nirvanix SDN is a fully-managed, cloud storage service capable of intelligently storing, delivering and processing storage requests in the best network location.

Basically, it’s an alternative to Amazon’s S3 service.

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