SanDisc Ventures, the corporate venturing arm of flash memory storage company SanDisc, has announced that it participated as one of the investors in Panzura, US-based provider of cloud storage services, which in June raised $25m in its series D round from a consortium including Chevron Technology Ventures (CTV), the corporate venturing unit of the eponymous oil major.   Venture capital firm Meritech Capital Partners led the D round, which also included VC peers Matrix Partners, Khosla Ventures and Opus Capital.

Sumit Sadana, executive vice president and chief strategy officer of SanDisk, said: “Panzura’s innovative global NAS cloud infrastructure solution offers numerous benefits compared to traditional on-premise NAS offerings.  Panzura is another excellent example of the important role flash memory is playing in the transformation of the enterprise.”

Randy Chou, chief executive officer and co-founder of Panzura, said: “SanDisk’s technical expertise and market presence will be invaluable as we continue our focus on…

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