StrongBox Data Solutions has announced its parent company completed a $34 million investment round.
The Montreal-based provider of cognitive data management solutions saw this round of funding led by the Fonds de solidarité FTQ. They invested $25.5 million from their $13 billion capital investment fund. The round was also joined by Partner One Capital, the controlling shareholder of StrongBox.
The money will go towards expanding the reach of StrongBox’s signature service, StrongLink, and bringing it to clients around the world. The company has received overwhelming demands to expand their platform to more countries and customers.
StrongLink uses machine learning and metadata to deliver an automated storage and data management solution across multi-vendor storage environments. The service simplifies data protection and management by connecting storage and cloud, including storage that is typically incompatible.
“StrongLink introduces machine learning, artificial intelligence, and powerful analytics to provide a global, vendor-neutral solution for large data environments,” says David Cerf, CEO of StrongBox. “The investment by the Fonds de solidarité FTQ validates the global response from our customers who have discovered that StrongLink can reduce storage costs and operational complexity.”
StrongBox built StrongLink from the ground up to ensure customers are never locked into one particular vendor’s storage solution. The company uses AI derived from metadata to make resources scale to accommodate some of the world’s largest and most demanding data environments.
“The fact that an institutional investor such as the Fonds de solidarité FTQ has placed its confidence in StrongBox Data Solutions and StrongLink is a tremendous vote of confidence for us and a true demonstration of the success we are having in the marketplace,” added Cerf.
The company’s services are used in varying fields including life sciences, media and entertainment, education, and the public sector.