Cisco invests $15m in Israeli storage startup Elastifile

Cisco

Herzliya-based Elastifile has developed an all-flash, software-defined storage solution for enterprise and web-scale environments.

US computer communications giant Cisco Systems Inc. (Nasdaq: CSCO) has invested $15 million in Israeli flash storage startup Elastifile Herzliya-based Elastifile has developed an all-flash, software-defined storage solution for enterprise and web-scale environments, which brings cloud scale capacity to large and mid-size enterprises The company has raised $44 million to date including a $35 million financing round in January 2016. Investors included Battery Ventures, and Lightspeed Venture Partners.

Elastifile was founded in 2013 by industry veterans and serial entrepreneurs CEO Amir Aharoni, CTO Shahar Frank, and VP R&D Roni Luxenburg.

Aharoni said, “It used to be that all-flash arrays were essentially block storage applications, not capable of providing enterprise-grade performance at cloud scale. We’ve redefined this by designing an elastically expandable distributed file, all-flash software-centric storage solution. Cisco Investments’ funding underscores the value of our approach.”

Published by Globes [online], Israel business news - www.globes-online.com - on June 15, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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