Datrium has secured $60m in its Series D

Datrium, a cloud computing and data management company, has secured $60m in its Series D round of funding.

Samsung Catalyst Fund led the investment with participation also coming from Icon Ventures. Existing backers NEA and Lightspeed Venture Partners contributed to the funding.

In line with the funding, Icon Ventures general partner Michael Mullany will join the company board of directors.

Datrium is a cloud computing and data management infrastructure which helps clients improve application performance, simplify administration and access more secure technology. Its solution is used by industries including financial services, healthcare, manufacturing, and entertainment.

Home loans provider Certainty uses Datrium to improve its admin and its performance, while payments processor VPay uses the platform to optimise data management and access end-to-end encryption.

This capital injection will be used to support the grow its technology and geographic growth.

Datrium CEO Tim Page said, “Enterprises globally have the same problems in simplifying compute and data management across on-prem and cloud.

?Where SANs don’t even have a path to cloud, traditional HCI has too many tradeoffs for core datacenters backup requires separate purchasing and administration, and cloud DR automation is seldom guaranteed. Larger enterprises are realising that Datrium software offers them a simpler path.”

Earlier in the year, Lightspeed Venture Partners held the final close for two of its funds. Its 12th flagship fund raised $750m and $1.05bn for its third late-stage deal focused fund.

Copyright ? 2018 FinTech Global

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