Storage solutions developer Kaminario Inc. has raised $25 million from seven investors, according to a filing with the US Securities and Exchange Commission (SEC).
Kaminario makes diskless storage appliances based on off-the-shelf blade servers and solid state drives. It launched its first product, K2, in July 2010. The Mass High Tech Startup Watch included the company on its list of "Five you should follow”, in May 2011.
Kaminario CEO Dani Golan and COO Ofir Dubovi founded the company in 2008. It has 50 employees at its headquartered in Newton, Massachusetts, and in Yokne'am, Israel. It has already raised $34 million, including $15 million in its third financing round in May 2011 from Pitango Venture Capital, Sequoia Capital, and other investors. According to the filing with the SEC most of the funds were raised from previous investors.
The latest financing round would have been given a boost by the acquisition of XtremIO Ltd. by EMC Corporation (NYSE: EMC) for $430 million. Kaminario also operates in the storage solutions sector.
Published by Globes [online], Israel business news - www.globes-online.com - on June 10, 2012
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