Israeli flash storage startup Elastifile has raised $35 million in a series B financing round. Six data center and server industry leaders have joined Series A investors Battery Ventures and Lightspeed Ventures as strategic investors in the second round.
Herzliya-based Elastifile has developed an all-flash, software-defined storage solution for enterprise and web-scale environments. The company has ranged $44 million to date. Elastifile was founded in 2013 by industry veterans and serial entrepreneurs CEO Amir Aharoni, CTO Shahar Frank, and VP R&D Roni Luxenburg.
Elastifile co-founder and CEO Amir Aharoni said, "This additional funding will allow us to aggressively market our unique solution, enabling enterprises to transform the wealth of information gathered as structured and unstructured data into actionable business knowledge."
Lightspeed Venture Partners partner David Gussarsky said, "The exponential growth of unstructured data presents unique challenges to enterprises actively processing data collected from an ever-widening range of sources. Elastifile's innovative approach to managing unstructured data in a scale-out, flash-optimized solution opens the door to cost effectively deploying business-critical applications requiring flash resources at scale."
Battery Ventures general partner Itzik Parnafes said, "A cost-effective distributed file on flash solution has been a pressing market need. Elastifile's unique and groundbreaking design presents its customers with the first scalable all-flash system providing file, block and object storage to applications at the backbone of day-to-day data center operations."
Elastifile's solution scales to thousands of nodes and allows customers to dramatically expand the number of applications they can deploy on flash by providing multi-protocol storage services on flash at a price point below that of many hybrid and hard disk drive-based arrays, while using their choice of hardware. Optimized to existing and new flash and next generation storage devices, Elastifile delivers all-flash performance with unified storage access at a price point of 50 cents per GB ($500 per TB).
Published by Globes [online], Israel business news - www.globes-online.com - on January 12, 2016
© Copyright of Globes Publisher Itonut (1983) Ltd. 2016