Kaminario, a leading all-flash storage company, announced it has secured $75 million in a new round of financing, bringing the company’s total funding to $218 million. The latest round was led by Waterwood, a private equity firm that invests in growth-stage technology companies. Participation in this round was a mix of new and existing investors, including Sequoia, Pitango, Lazarus, Silicon Valley Bank and Globespan Capital Partners. The new capital will be used to accelerate go-to-market initiatives, expand Kaminario’s global presence and fuel research and development.
“Our strong business growth, cutting-edge technology and the all-flash market opportunity make Kaminario very attractive to investors and partners alike,” said Dani Golan, Kaminario founder and CEO. “The role of the data center is transforming as businesses continue to accelerate digital transformation and cloud adoption, and we are perfectly positioned to deliver agile storage solutions for today’s on-demand applications. This new funding will allow us to continue our global expansion and accelerate our innovation agenda to better serve our customers.”
IDC estimates the all-flash array market will grow at a five-year compound annual growth rate (CAGR) of 21.4 percent through 2020 — representing the fastest growing segment of a $40 billion worldwide enterprise storage systems market.
Internet of Things (IoT), cloud adoption and on-demand applications are key growth drivers for storage. For example, reports state there will be more than 200 billion connected devices and smart technologies and more than 44 trillion gigabytes of data will be generated by 2020. Cloud computing and software-as-a-service (SaaS) are revolutionizing how businesses operate and instantaneous access to information in a mobile-first world is a must.
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