Wednesday, August 20, 2014

PernixData Raises $35M for Storage Software

PernixData, a start-up based in San Jose, California, raised $35 million in Series C funding for its server-side storage intelligence solution.


PernixData said its mission is to fundamentally changing how storage is designed and operated in virtual data centers. The company’s flagship product, PernixData FVP software, virtualizes server flash and RAM to enable scale-out storage performance that is independent of capacity. No changes are required to VMs, servers or primary storage, ensuring maximum performance of all virtualized applications in a seamless, scalable and cost-effective manner.

The company reports 42 percent quarter-over-quarter revenue growth. PernixData has sold its FVP software to approximately 200 companies in over 20 countries, ranging from two to 300+ node deployments.

The new funding round was led Menlo Ventures and included new individual investments from Marc Benioff (chairman and CEO of salesforce.com), Jim Davidson (Co-Founder, Managing Partner and Managing Director at Silver Lake), and Steve Luczo (chairman and CEO of Seagate Technology).  Previous investors Kleiner Perkins Caufield and Byers, Lightspeed Ventures, Lane Bess, Mark Leslie and John Thompson also contributed to the Series C round, which now brings the total investment in the company to $62 million.

“PernixData has experienced an absolutely amazing year with groundbreaking product features, 160 percent growth in world-wide headcount, extensive industry accolades, top tier funding, and revenues that were 50 percent higher than any other enterprise software company during its first year of sales, handily beating the previous record in this space,” said Poojan Kumar, CEO and co-founder of PernixData.  “This underscores the enormous demand for our unique decoupled storage architecture. We will use this revenue momentum and the new round of funding to execute on our next phase of product vision and deliver FVP globally to all virtualized data centers.”

“We are witnessing a fundamental shift in storage design where performance is decoupled from capacity using PernixData FVP software and server side flash,” said Steve Luczo, chairman of the board and CEO of Seagate Technology. “This brings unparalleled performance and scalability to virtualized applications, and makes flash technology a strategic component of tomorrow’s software defined data center.”

http://www.pernixdata.com

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