Sunday, September 13, 2009

Avere Secures $15 Million for Demand-driven Storage

Avere Systems, a startup based in Pittsburg, secured $15 million in Series A funding from Menlo Ventures and Norwest Venture Partners for its work in Demand-Driven Storage solutions.

Avere is pioneering the use of multiple storage media in a new scalable architecture that provides enterprise storage customers with breakthrough reductions in cost, space and power. The goal is to offer NAS solutions that will allow enterprises to scale storage network performance independently of capacity - driving up performance while driving down cost. the company plans to unveil its first products in the fall of 2009.

Avere founders were members of the visionary team that created Spinnaker Networks, an innovator in scalable grid storage solutions, acquired by NetApp, Inc. in 2004 for $300 million. Avere's founder and CEO Ron Bianchini, most recently Senior Vice President, Scalable Systems at NetApp and CEO of Spinnaker Networks, reunited with CTO Michael Kazar and VP of Engineering Daniel Nydick to form Avere in January 2008. Joining these three to round out the management team are: CFO John Dean, another Spinnaker alumni; VP Sales Brian Gladden, storage veteran and former NetApp colleague; and VP Marketing Rebecca Thompson.