# CloudByte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloudbyte

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.cloudbyte.com
- Total disclosed funding: $5.1M
- Latest round: Series B (Jun 18, 2013)
- Investors on record: 3

## About

CloudByte Inc. is a technology company specializing in software-defined storage solutions, providing efficient data management for enterprises across various sectors to optimize their storage infrastructure.Founded in 2010 and headquartered in San Mateo, US, CloudByte Inc. develops innovative storage solutions for businesses. The company has successfully raised USD 3.00 mn in its Series B funding round on June 18, 2013, led by Eight Roads Ventures alongside investors Kae Capital and Nexus Venture Partners. CloudByte has completed a total of 2 deals to date.CloudByte Inc. offers software-defined storage solutions that empower enterprises to manage their data efficiently. Their flagship product streamlines storage management, enabling businesses to allocate resources dynamically and optimize storage costs. This technology caters to organizations requiring scalable and reliable data storage, enhancing operational efficiency within complex IT environments.CloudByte Inc. generates revenue through a subscription-based model for its software solutions, allowing clients to access their products as needed. The pricing structure is designed to accommodate enterprises of varying sizes, ensuring flexible options for storage management solutions tailored to specific business needs.CloudByte plans to enhance its product portfolio with the launch of new storage solutions aimed at improving data security and integration capabilities, set for release in Q4 2023. The company is targeting expansion into European and Asian markets by 2024, leveraging recent Series B funding of USD 3.00 mn to facilitate this growth. The funding will be utilized for product development and market entry strategies to solidify CloudByte's presence in these regions.

## Funding rounds

- Series B, Jun 18, 2013, $3M — Eight Roads Ventures, Nexus Venture Partners, Kae Capital
- Series A, Jun 26, 2012, $2.1M — Nexus Venture Partners, Kae Capital

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Series A, Series B
- Kae Capital (https://capitalatlas.ai/funds/kae-capital) — Series A, Series B
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B