The company has picked up $20m in a C-round of venture capital funding and $20m in a line of credit arrangement.

It was founded in 2013 when it received $50m of VC funding, picking up another $13m in 2014, with nothing since then until today's news.

The $20 mill in VC funding comes from Pelion Venture Partners, Accel, Battery Ventures, and strategic investors from the previous rounds.

CEO Lance Smith's canned quote declared: "The days of manual data management are coming to an end, and this investment round indicates the growth our investors also see on the horizon.

... As data volumes scale out and up into the cloud, enterprises are looking for a way to intelligently manage and automate how data is managed across different storage systems."

Before we venture into offering our own comment on the wider implications of this funding, let's look at a canned quote from Blake Modersitzki, MD at Pelion Venture Partners to set the scene.

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