Cloudian Secures $23M Growth Financing for AI Data Lake Platform

$23M Growth Funding: Cloudian, a secure S3-compatible AI data lake platform provider, raised $23M led by Morgan Stanley Expansion Capital.
Funding Utilization: The funds will be used to drive product innovation and enhance sales and marketing efforts to meet increasing demand.
Proven Technology: Cloudian’s AI-ready data lake is compatible with popular AI and data analytics tools like PyTorch, TensorFlow, Kafka, and Druid.

Enhanced Product Innovation: The funding will accelerate Cloudian’s product development, potentially leading to more advanced features and capabilities in their AI data lake platforms.
Market Expansion: Increased sales and marketing initiatives will likely expand Cloudian’s market reach, attracting more customers and partners.
Improved Data Management: Cloudian’s solutions optimize data access, meet data sovereignty requirements, and offer military-grade security, benefitting organizations with stringent data management needs.
Wider Availability: With solutions available through major platforms like AWS Marketplace, HPE GreenLake, and Lenovo, Cloudian’s technology becomes more accessible to a global audience.

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