Kazan Networks Closes $4.5 Million Series A Funding Round

Kazan Networks, a privately held startup founded in Dec 2014 by storage networking veterans, has closed a $4.5M Series A funding round led by Samsung Ventures – with participation from Intel Capital and Western Digital Corporation.

As the solid-state drives (SSDs) used in datacenter storage have leapt forward in speed and capacity, cloud service providers would need faster interfaces for moving data between the storage media and the network. Kazan Networks has developed a sub-1us latency solution of NVMe (Non-Volatile Memory Express) over Fabrics, which connects “high performance” storage to racks of servers in the data center.

“Raising money these days is not trivial, yet we ended up with an over-subscribed round, which I think speaks to the strength of both the team and our product direction,” said Joe Steinmetz, CEO of Kazan Networks. “This round sets us up nicely to continue to grow the team and execute our roadmap through 2016 and beyond.”

kazan networksKazan Networks’ Ethernet-based technology would not only deliver a low-latency solution, but also implement both varieties of RDMA acceleration over Ethernet. Simultaneous RoCE and iWARP support would mean that customers don’t need to worry about choosing one protocol over the other.

“NVMe over Fabrics is a key enabler to support attaching thousands of NVMe SSDs in modern rack-scale designs,” said Amber Huffman, Intel Fellow in the Non-Volatile Memory Solutions Group at Intel Corporation and chair of NVME Express Workgroup (nvmexpress.org). “Kazan Networks has been a leader in the standards definition, and their products enable the ecosystem to connect storage to the fabrics in an integrated manner.”

Intel Capital, Intel’s strategic investment and M&A organization, backs innovative startups targeting computing and smart devices, cloud, data center, security, the Internet of Things (IoT), wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested $11.7 billion in 1,457 companies in 57 countries.

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