Igneous Adds Vulcan Capital as Investor in Series-B Financing
Summary
“With Igneous, we saw a proven team with deep domain expertise taking an innovative approach not only from a technology perspective to help organizations protect and manage data at petabyte scales and beyond but also in their as-a-Service delivery model in a segment of enterprise IT that has eluded public cloud adoption.”In addition, through its unique, cloud-native software architecture, Igneous Hybrid Storage Cloud provides a modern approach to enabling data-centric workloads involving analytics, machine learning, and artificial intelligence.Igneous customers span a number of industries challenged with unstructured data growth, including life sciences, electronic design automation, gaming, and finance.Prior to his role on the Igneous board, Mullaney was the CEO of Nicira, Inc. until its acquisition by VMware in 2012 where he served as the Senior Vice President and General Manager of the networking and security business unit until September 2014.“The enterprise challenge we see today is that network performance has not grown as fast as unstructured data,” said Mullaney, “The promise of public cloud and as-a-Service delivery has changed the IT industry faster than anything we’ve seen to date, but the world will remain hybrid for quite some time.