TAEC-backed enterprise cloud storage provider Zadara has secured $25m in funding led by IGP Capital, bringing its total equity to more than $60m.

Zadara, a US-based enterprise cloud storage provider backed by conglomerate Toshiba’s electronics components subsidiary Toshiba America Electronic Components (TAEC), secured $25m in funding on Wednesday.

The round was led by IGP Capital and featured unnamed, existing shareholders. The deal’s closing is conditional on the approval of a general meeting by Zadara.

Founded in 2011, Zadara offers a fully-managed, scalable data storage and management platform that can be used on-site or through the public cloud, managed service providers, data centres and…