A  provider of open source scale-out storage solutions, Gluster got a series B funding of $8.5 Million. The round was led by Index Ventures, participated by an existing investor Nexus Venture Partners.

“We are gratified by the level of interest Gluster has received from investors, customers, and the community, and we are thrilled by the opportunity that this funding round gives us to accelerate growth,” said Ben Golub, president and CEO at Gluster.

“We welcome the global reach and open-source expertise that Bernard and Index bring to the table, and are grateful to all of our investors for their confidence in our technology, team and the market’s tremendous growth potential.”

With the growing demand for cloud-based architectures, an upsurge on the amount of data and for development purposes; Gluster is experiencing a high adaptation rate in the areas of global sales and partnership.

“There is a clear demand for a disruptive approach to storage that matches the trend towards lower cost solutions and greater manageability. The team at Gluster has proven their ability to meet this demand as evidenced by community deployments and revenues growing at a very fast pace. The company is racking up an impressive list of partners, product awards and reference customers,” said Bernard Dalle from Index Ventures who is also a member of Gluster’s Board of Directors.

Various industry segments including healthcare, legal, media and hosting providers, are the major forces that maneuvers the growth rate and direction of Gluster. A 60% annual increase of unstructured data and 20% computing workloads shifting to virtualization will cost around 14% of IT spending by 2014.

Developments that will be brought about by the monetary investments will enable enterprises to handle petabyes of file data in a single volume across multiple storage servers. It can set out from both on-premise commodity hardware and public cloud storage dealing with physical storage as virtualized, standardized, scale-on-demand pool.