Kayne Partners and CIBC Innovation Banking led an $80m Series B funding round in Panzura.

Kayne Partners, a private equity group, and CIBC Innovation Banking, a trusted financial partner to entrepreneurs and investors, led an $80m Series B funding round in Panzura, a developer of a hybrid-cloud data management software. "Businesses today are being forced to think differently about data storage and data protection. As we looked at the changing dynamic of how companies store, manage, and protect data, we developed a strong thesis behind platform solutions targeting cloud transformation. We sought to partner with a leading management team at the helm of a best-in-class scalable platform that was addressing these types of issues. Panzura is exactly that," Nishita Cummings, Kayne Partners Managing Partner.