Vista Equity Partners, a private equity firm focused on enterprise software, data and technology-enabled businesses, has made an investment in Nasuni, an enterprise data platform for hybrid cloud environments.

Nasuni is a data platform for enterprises facing unstructured data in an AI world. Nasuni’s data platform is used by over 850 companies spanning 70 countries, and is in use by some of the largest enterprises in the manufacturing, consumer goods and energy industries. Vista will be joined by TCV and KKR (NYSE: KKR) in the new investment, which values Nasuni at approximately $1.2 billion.

“Nasuni’s platform offers a highly differentiated approach to consolidating, protecting, and managing data at scale with performance that is critical to supporting AI applications and other high-volume data use-cases,” says Martin Taylor, co-head of Vista’s Foundation Fund and senior managing director. “We are thrilled to partner with the Nasuni team as they work to help businesses optimize their expanding and complex data needs with solutions that are fast, secure and highly cost-effective.”

BofA Securities served as financial advisor and Goodwin Proctor LLP served as legal advisor to Nasuni. Kirkland & Ellis LLP served as legal counsel to Vista and TCV.