Nasuni Corp. has won the endorsement of one of most prominent firms on Wall Street.

The Boston-based data management provider today announced the completion of a $38 million financing round led by GS Growth, a technology fund operated by Goldman Sachs Group Inc. The cash infusion brings Nasuni’s total raised to about $120 million.

What has enabled the company to attract so much investor interest is its family of storage appliances, which stand apart from most of the other products on the market. Whereas a typical array simply relegates data to storage drives inside its chassis, Nasuni’s systems can send information to the cloud.

As a result, the appliances have effectively unlimited capacity. This removes the need for companies to plan and carry out complicated hardware upgrades every time their information troves outgrow internal infrastructure.

Nasuni claims that its approach has other advantages as well. The startup’s appliances store data on Amazon Web Services and other leading cloud platforms that copy data across multiple regions for redundancy purposes. If one data center suffers an outage, customer’information should still remain accessible.

Administrators can control their companies’ data through a web-based management console. Nasuni provides the ability to restrict file access based on a firm’s organizational structure, monitor activity and create backups for recovery purposes.

The most frequently used information in a deployment may also be stored locally on Nasuni’s appliances. That way, access requests are fulfilled faster than if they needed to travel to a third-party data center located upwards of hundreds of miles away.

The company will use today’s capital to finance the development of new features, as well as expand sales and marketing operations. Nasuni President Paul Flanagan told Xconomy that he expects the effort to see its 125-person team grow by about 40 percent.

The new hiring push will extend an already fast-moving expansion roadmap that saw the company bring more than 40 employees aboard in the first half of 2017. Among them were five new executives including Flanagan himself, who joined in April. He was earlier a managing partner at Sigma Prime Ventures, which led Nasuni’s previous funding round last December.

Image: Nasuni