Samsung Leads Datrium’s $60M Series D Round

Hybrid cloud and storage company Datrium closed a $60 million Series D funding round led by Samsung Catalyst Fund. Icon Ventures, and existing investors NEA and Lightspeed Venture Partners, also participated. “Data is powering the economy,” said Shankar Chandran, SVP and managing director at Samsung Catalyst Fund in a statement. “Cutting-edge infrastructure, like Datrium’s hybrid cloud platform, will help enterprises overcome major obstacles in data analysis and storage.” n addition to the financing, Icon Venture’s Michael Mullany, former VP of marketing and products at VMware, will join the Datrium Board of Directors. The company, founded in 2012, has raised $170 million to date.