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OpenDrives Announces Multi-Cloud Migration at NAB 2023; Expands Software-Led Solutions for AI-Enabled Cloud Editing and Backup
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NAS Developer OpenDrives Nabs $20M In New Funding, Invests In Ctrl IQ
‘The partnership will be focused on developing the compute side of OpenDrives. That’s a big focus of our new funding,’ says Sean Lee, OpenDrives’ chief strategy and product officer. By Joseph F. Kovar January 21, 2021, 09:32 AM EST
Enterprise-grade NAS technology developer OpenDrives Thursday said it has closed a Series B funding round that will bring the company up to $20 million in new capital, raising total funding in the company to about $30 million.
OpenDrives also unveiled a strategic investment in Ctrl IQ, a startup developer of technology for scalable, secure and hybrid workflow orchestration, along with plans for the two companies to work together to combine storage and compute with secure applications to support workflows from the data center to the cloud and the edge.