Kaminario Secures $25M Round of Funding
Solid-state storage innovator adds Sequoia Capital Growth Equity Fund and Tenaya Capital as investors
NEWTON, Mass., Jun 18, 2012 (BUSINESS WIRE) -- Kaminario, a leading provider of high performance all solid-state (SSD) SAN storage solutions, today announced it has secured a $25 million series D round of funding, bringing its total funding to $65 million. Current investors Sequoia Capital, Globespan Capital Partners and Pitango Venture Capital are participating, with new investors Tenaya Capital and Sequoia Capital Growth Equity leading the round. Kaminario will use the additional funds to leverage its remarkable market success with a broader audience, as well as to further advance the Kaminario K2's leading enterprise storage capabilities, which include a revolutionary scale-out architecture; end-to-end, self-healing high availability; and fast, high-volume data protection.
"Kaminario is leading the revolution in SSD storage that is storming the data center. This is the largest change in data center technology since virtualization and is causing legacy vendors to race to catch up," said Dani Golan, CEO of Kaminario. "Kaminario has the only SSD scale-out storage architecture on the market today -- the only possible architecture to deliver on the full capabilities of SSD storage."
Introduced in 2010, the Kaminario K2 all solid-state SAN storage solution is the first all solid-state storage array to offer full enterprise high availability and data protection within a single solid-state storage system while delivering extreme performance. The K2 features DataProtect(TM) -- end-to-end, self-healing high availability and fast, high-volume data protection, including N+1 redundancy, automatic failover, high-volume snapshots and hot-swappable components for fast, easy, nondisruptive operations.
"Kaminario has achieved tremendous growth in the market and proven its storage innovation in numerous customer engagements in which application responsiveness and data reliability were essential to business success," said Haim Sadger, managing partner, Sequoia Capital. "We are convinced that Kaminario will be a major force in the enterprise storage market in the future."
Mark Peters, a senior analyst at Enterprise Strategy Group, stated, "Not only has the Kaminario K2 proven its high availability capabilities in ESG's Lab Validation tests (where, despite induced failures, application workloads continued without interruption), but the company's Data Protect feature has taken data reliability to an even higher level. Coupled with the overall dramatic growth of solid-state adoption, Kaminario has therefore positioned itself well to take a big bite out of the high-performance end of the enterprise storage market in coming years."
Since its launch, Kaminario has achieved significant revenue growth and established a global customer base that includes market leaders in financial services, web media, telecommunications, government and academia.
Founded by storage experts from EMC, NetApp and IBM, Kaminario is leading the SSD revolution in high-performance SAN storage. The Kaminario K2 family of all solid-state SAN storage eliminates I/O bottlenecks and dramatically reduces latency to accelerate critical business applications at a significantly lower cost and smaller footprint than legacy SAN storage. The Kaminario K2 is the first enterprise-grade SAN storage built from the ground up to take full advantage of modern Flash SSD performance. With built-in self-healing high availability, a modular scale-out architecture, open X86 components and media freedom of choice, the K2 consistently delivers ultra-low latency, tens of GBs of throughput and millions of IOPS. Kaminario is a fundamentally new and better way to store and retrieve performance-sensitive data. Kaminario is simply faster.
Located in Newton, Mass., Kaminario has built a global network of business partners including Dell Inc., which resells the K2 all solid-state SAN storage. For more information, visit www.kaminario.com .