The new funding comes from Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors, and funding from CIBC Innovation Banking. This round continues the company's growth that started with a refounding of the company by CEO Jill Stelfox and CRO Dan Waldschmidt, who led the asset purchase and assumed leadership in May 2020.

Panzura makes hybrid multi-cloud data management seem easy. Panzura's data management platform is a single, unified data engine designed to securely power the most rigorous, large-scale multi-site enterprise data workflows across the globe. Intelligent edge technologies enable LAN performance with cloud economics together with simplified data management, advanced analytics, reduced operational complexity, and improved security.