ORIX Growth Capital Invests in Faction
ORIX Growth Capital recently completed a growth capital investment in Faction, a leading multi-cloud data services provider offering cloud-adjacent storage.
“We’re thrilled with Faction’s execution as a hybrid cloud data service connecting storage across multiple clouds,” commented Jeffrey Bede, Head of ORIX Growth Capital. “ORIX Growth Capital has a track record of increasing our investment to support our portfolio companies. We are excited to do our part as Faction further invests in its platform.”
“2020 has seen a significant uptick in adoption of public cloud and multi-cloud enterprise use cases. As a result, Faction has experienced meaningful growth in demand for our unique and patent-protected portfolio of Cloud Data Services,” said Derek Pilling, CFO at Faction. “Enterprises who are increasingly adopting cloud infrastructure want control of their data and reduce the adverse lock-in effects of data gravity that they experience when their data is resident in a single public cloud. Our multi-cloud attached Cloud Data Services offers a unique solution to these challenges. This investment from ORIX will enable us to expand the geographic footprint of our services, expand our sales and marketing reach, and add to our ecosystem of marketing and distribution partners.”
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