Kaminario, an all-flash storage company headquartered in Needham, MA, has secured $75 million in a new round of financing, bringing the company’s total funding to $218 million. 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, founder and CEO of Kaminario. “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.”
With its built-for-flash, software-defined architecture, Kaminario is positioned to power on-demand applications, turn data into usable information and support SaaS businesses as they grow. Kaminario is focused on delivering storage solutions for all kinds of applications, whether the applications are delivered as SaaS, on-line services or private cloud – from retail and healthcare to finance and manufacturing.
With this new funding, Kaminario would be ready to further develop:
- Global Expansion – Accelerate expansion across Eastern and Western Europe, Asia Pacific and the Middle East leveraging its Kaminario Accelerate Channel Partner program.
- Eco-system Partnerships – Expand technology eco-system partnerships to deliver more complete solutions to our customers with emphasis on bringing storage closer to the application layer with tighter integrations with database platforms, virtualization solutions, hypervisors and development paradigms.
- Technology Innovation – Leverage Kaminario’s software-defined architecture so customers can adopt new hardware technologies quickly, with no forklift upgrades. With emerging hardware technologies such as NVMe and NVMe Fabric (NVMeF) on the horizon, this latest round would allow Kaminario to accelerate its innovation agenda and give existing customers a faster path to leverage new technology advancements – seamlessly, without impacting performance or disrupting their existing infrastructure.
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.
“With more and more companies shifting a lot of their application purchases from on-premise to cloud SaaS models, SaaS providers are seeing insane scale demands that completely destroy the traditional infrastructure paradigm,” said Steve Duplessie, founder and senior analyst at Enterprise Strategy Group. “Slow input-output (I/O) can mean the death of your business – as can the cost of over provisioning. Kaminario is in a perfect position to handle outrageous I/O demands without forcing providers to buy more than they need in advance.”