Hedvig Raises $21.5M in Series C Funding

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Summary

Hedvig, a Santa Clara, CA-based provider of a software-defined storage platform, closed a $21.5m Series C funding.The company, which has raised a total of $52m to date, intends to use the funds to expand into new markets, develop cloud and backup solutions for large enterprises and grow its engineering, sales and channel teams.Led by Avinash Lakshman, founder and CEO, and newly hired SVP of Worldwide Sales and Field Operations Ediz Ertekin, Hedvig provides software-defined storage for enterprises building private, hybrid, or multi-cloud environments.The Hedvig Distributed Storage Platform is designed for both primary and secondary data, ideal for legacy, modern, and backup workloads.Customers include BNP Paribas, DGC, LKAB, and Mazzetti etc.

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Amount $21.5M Total raised
Date March 2, 2017 Announcement date
Investors Hewlett Packard Enterprise, Vertex Healthcare Ventures, Vertex Ventures, Atlantic Bridge, True Ventures Lead investors
Company http://www.hedviginc.com Funded company

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