# Nexsan Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nexsan-technologies

- Industry: Internet
- Headquarters: Sunnyvale, US
- Website: www.nexsan.com
- Total disclosed funding: $17M
- Latest round: Series A (Dec 16, 2003)
- Investors on record: 4

## About

Nexsan Technologies provides innovative data storage solutions, specializing in scalable and secure storage systems designed to meet the diverse needs of enterprise IT environments.Founded in 1999 in Thousand Oaks, US, Nexsan Technologies focuses on data storage solutions. The company was acquired by Imation Corp. in January 2013 for USD 120.00 mn. Jim Molenda founded the company, and Dan Shimmerman currently serves as the CEO.Nexsan specializes in data storage solutions, offering a comprehensive range of products designed to meet the evolving needs of enterprise IT environments. The company's core offerings include the Assureon immutable storage platform, which protects critical data against ransomware and ensures compliance with data retention regulations. Additionally, the E-Series high-density SAN storage arrays deliver robust capacity and high performance for structured data workloads, while the BEAST platform focuses on maximizing uptime at reduced storage costs. The Unity unified storage solution enhances performance by providing advanced block, file, and object capabilities through NVMe all-flash and hybrid configurations. Nexsan's products cater to various industries, including healthcare, law enforcement, and media, and serve a global client base across North America, Europe, and Asia-Pacific.Nexsan generates revenue primarily through the sale of its storage solutions, including the flagship products Assureon, E-Series, BEAST, and Unity, which are offered under various pricing structures tailored to meet customer requirements. The company engages in business-to-business transactions, collaborating with enterprises and IT service providers to deliver customized storage solutions that optimize data management and protection. Clients typically enter into partnerships that include both one-time purchases and ongoing service agreements, ensuring long-term support and maintenance for the implemented systems. Specific pricing plans and transaction structures are aligned with individual customer needs and deployment scales, providing flexibility in accessing Nexsan’s innovative storage capabilities.Nexsan plans to continue developing innovative products, enhancing its existing portfolio with a focus on scalable storage solutions. The company aims to expand its market presence, particularly in regions such as Europe and Asia-Pacific, by 2025. The acquisition by Imation Corp. is expected to provide additional resources to support these initiatives, with the USD 120.00 mn raised facilitating research and development efforts to launch new products and enhance service offerings.

## Funding rounds

- Series A, Dec 16, 2003, $17M — RRE Ventures, VantagePoint Capital, Beechtree Capital, Gesfid First Gen-e

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A
- VantagePoint Capital (https://capitalatlas.ai/funds/vantagepoint-capital) — Series A
- Beechtree Capital — Series A
- Gesfid First Gen-e — Series A