$68M Round Puts Kaminario Back in the Flash Data Storage Mix
Summary
And it’s exciting for another reason: Kaminario is one of a number of well-financed startups competing with global giants like EMC and IBM for a piece of the action as companies around the world ditch their old hard-disk drive technology, build new data centers, and create private clouds. That’s why the company will use the $68 million it recently added to its war chest to expand internationally, build out a global sales force, and raise its profile in the next year, Golan said. “And it’s moving toward all-flash much faster than people anticipated.” As evidence, Kaminario points to a report from 451 Research that estimates the all-flash array market will grow from $580 million to $3.4 billion by 2018. New investors in Kaminario include Silicon Valley Bank’s venture capital arm, Lazarus Hedge Fund, and an unnamed public company. That price point opens up the category of customers that Kaminario identifies as midrange and large enterprises that make $100 million to $5 billion per year.
Classifications
AskAI Classifications
LabelsLinked Companies
