Monday, October 27, 2014

SwiftStack Raises $16 Million for OpenStack Swift Storage Controller

SwiftStack, a start-up based in San Francisco, raised $16 million in Series B venture funding to support its vision of software­ defined storage for the cloud.


SwiftStack leverages OpenStack's Swift storage project for massive storage scalability in enterprise networks. SwiftStack's software-defined storage controller orchestrates all aspects of the storage environment. SwiftStack Node installs on commodity storage hardware and connects back to the SwiftStack Controller.

The new Series B round was led with a substantial investment from OpenView Venture Partners as well as existing investors Mayfield Fund, Storm Ventures and UMC Capital. The round brings total investment in the company to $23.6 million.

“There’s been a sea change in the adoption of enterprise storage solutions, and object storage is a front ­seat technology poised to be general purpose storage likely to supplant today’s use of expensive SAN and NAS devices,” said Joe Arnold, CEO of SwiftStack. “Our disruptive technology and engagement model will leapfrog traditional enterprise storage software vendors in the race to deliver the storage scalability customers want, the way they want to buy it. With this new infusion of resources we’ll be able to significantly scale on our vision to give customers an affordable, scalable, manageable and simple storage solution.”

https://www.swiftstack.com/

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