Aussie-based company OdoShare has raised $50 million in Series A funding from investors including Nasdaq, Alibaba and other major investors, as well as Qualcomm.
OdoShares aims to become a leading provider of network access and storage solutions for cloud computing.
The startup is the first Australian-owned cloud computing company to enter the public market.
ODO shares have been trading at $1.05.
Odo shares are not publicly traded.
ODo is a network access provider, a provider of a wide range of cloud services including networking, storage, storage-as-a-service and remote management.ODO shares are traded on Nasdaq.
OdoShare’s Series A financing comes after the company raised $40 million in a Series C funding round last year.
In a statement, the company said: “This funding will help us to expand the capabilities of our platform and the breadth of our services.
Odyssia has proven to be a leader in networking solutions for the cloud, and ODO is now poised to take that leadership to the enterprise.”
The company said it was seeking to raise a minimum of $2 million in an initial public offering.
Odedrive shares have risen from $0.16 in late February to $0 at the end of June.
The funding round comes as Odo has made progress on some of its key business areas.
In March, Odo announced a deal to acquire an Australian-based startup, D-Link, which was acquired by Telstra in July.
The deal included a commitment by Odo to invest in the startup’s products.
Odyssian has been working on its network access solutions since 2012, and the startup said it had over 100 million users and had grown to over 1,200 employees.
The company has raised a total of $80 million from more than 500 investors, including Nascom and Microsoft, in total.
Oedrive shares are listed on Nasex.
On March 18, Odyseus announced it had completed a $40.4 million funding round led by New York-based tech-equity firm Riggs Capital.
OEDS shares are currently trading at a low of $0 in the secondary market.