Panzura: Raises $80M in Series B Funding

Panzura Raises $80M in Series B Funding

  • Panzura, a San Jose, CA-based provider of a hybrid multi-cloud data management platform, raised $80M in Series B funding
  • The round was led by Kayne Partners, and CIBC Innovation Banking
  • The company intends to use the funds to scale operations, with openings in engineering, marketing, HR, finance, and sales, and to continue servicing enterprise customers
  • The compan provides hybrid multi-cloud data management platform designed to securely power large- scale multi-site enterprise data workflows across the globe
  • Flagship clients include Disney, Milwaukee Tool, BBC America, AmeriHome Mortgage, US federal government agencies, and multiple NFL and MLB teams
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

IG Group Considers Switching Listing from London to New York

The financial services firm explores a potential move to enhance visibility.Highlights: IG Group is weighing a move from...

Huawei and Yowpay Launch Open Banking Smartwatch POS App

Innovative app combines open banking with smartwatch technology for payments.Highlights: Huawei partners with Yowpay to introduce a smartwatch...

UK Banks Reject Opportunity to Lift £100 Contactless Limit

Major UK banks choose not to increase contactless payment thresholds.Highlights: UK banks will not raise the £100 contactless...

Crypto.com Cuts 12% of Workforce Amid AI Shift

The company streamlines operations in response to evolving market dynamics.Highlights: Crypto.com reduces workforce by 12%Focus shifts to AI...