Storage technology developer Elastifile has raised $8 million in Series A financing from Battery Ventures and Lightspeed Venture Partners. Following the investment, Battery general partner Itzik Parnafes and Lightspeed partner David Gussarsky will join Elastifile's board.
Based in Herzliya, Elastifile has developed a storage technology that significantly improves the performance and reduces the cost of large data centers and private clouds.
Elastifile's co-founders are serial entrepreneurs and include CEO Amir Aharoni, previously an executive at Mobixell Networks and Optibase; CTO Shahar Frank, co-founder of XtremIO, a flash array storage company which was acquired by EMC in May 2012; and VP R&D Roni Luxenburg, formerly director of software engineering at Red Hat.
Elastifile is developing storage for the next generation of software-defined data centers and private clouds, which require elastic, high-performance, cost-effective and converged compute and storage services. The company's solution leverages emerging and pervasive data-center technologies such as flash-based storage media and 10GE networks.
Aharoni said, "Elastifile's unique, built-from-the-ground-up, flash-dedicated architecture will deliver an elastic scale-out solution, which the new breed of fast-growing data centers and private clouds need - at an unmatched price-performance ratio," said CEO Aharoni.
Parnafes said, "Elastifile is solving a big problem. The flexibility, manageability and performance of Elastifile's solution will change the way storage architects manage primary storage in their data centers."
Published by Globes [online], Israel business news - www.globes-online.com - on January 14, 2014
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