Downing leads $10m StorageOS series-B

Existing investors Bain Capital Ventures, Uncorrelated Ventures and MMC Ventures also participated in the round, alongside new investor Chestnut Street Ventures.

The company intends to invest further in its go-to-market strategy and scale its sales and customer-facing technology teams to build its customer base and revenues.

Previous funding
In June 2017, Bain Capital Ventures led a $2m seed funding in StorageOS.

Bain Capital Ventures led an $8m series-A funding round in May 2018, which also saw participation from MMC Ventures and 645 Ventures.

Company
Founded in 2015, StorageOS is a software-based distributed storage platform designed to provide persistent container storage. It offers erasure coding, data reduction, data mobility, run-time management and data security services to enterprise customers. The company is based in London.

People
Downing Ventures – Jack Eadie (investment director).
Bain Capital Ventures – Bill Lehmann (partner).
Uncorrelated Ventures - Salil Deshpande (general partner).
StorageOS – Alex Chircop (founder, CEO).

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