SanDisk invests in Cloud storage solutions provider

SanDisk Corporation says that its venture arm SanDisk Ventures, has invested in Panzura, a provider of flash-based network attached storage (NAS) solutions for enterprise companies. Panzura’s scalable offering uses flash memory to store data off-premise in the “cloud,” reducing customer system, support, administration, power and cooling costs.

SanDisk 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. Specific financial terms of the SanDisk investment were not disclosed.


“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 is another excellent example of the important role flash memory is playing in the transformation of the enterprise.”


Panzura optimizes enterprise data storage management and distribution in the cloud, making storage simpler and more secure. Panzura’s global cloud storage solution combines the flexibility, performance and productivity benefits of distributed storage with the manageability, security and cost benefits of centralized storage. With Panzura, the physical location of where data resides no longer affects how it is used. Additional information regarding Panzura may be found at panzura.com.


“Panzura welcomes the opportunity to build a closer relationship with SanDisk,” said Randy Chou, CEO and co-founder of Panzura. “SanDisk’s technical expertise and market presence will be invaluable as we continue our focus on growing our business in the cloud storage controller market.”
 

AvePoint has introduced updates to its Confidence Platform, with a focus on AI data protection,...
The Q1 2026 RF Front-End Modules & Components report highlights recent patent activity and...
Exploring the UK's focused strategy to accelerate data centre growth amidst AI and cloud storage...
Barracuda research reveals how attackers leverage device code authentication for persistent access,...
British organisations are increasingly adopting AI agents but face challenges in orchestration and...
Pax8 teams up with NinjaOne, aiming to strengthen managed service providers through enhanced...
Kyndryl has expanded its collaboration with Google Cloud to support businesses in modernising...
TCS is expanding its partnership with Google Cloud to support AI-driven operating models aimed at...