Wednesday, July 13, 2011

Nimble Raises $25 Million for Flash + iSCSI Storage

Nimble Storage, a start-up based in San Jose, California, raised $25 million in an over-subscribed Series D round for its converged iSCSI storage, backup and disaster-recovery solution.

Nimble's solution is based on a patent-pending Cache Accelerated Sequential Layout (CASL) architecture. This enables fast inline data compression, intelligent data optimization leveraging flash memory and high-capacity disk, instant optimized backups, and WAN-efficient replication in a single device. The company says its approach dramatically lowers equipment costs, reduces backup and restore time from hours to seconds, and streamlines storage management.

The new funding was led by Artis Capital Management, the largest shareholder of Data Domain, which was purchased by EMC for $2.1 billion. Nimble Storage's existing investors Accel Partners, Lightspeed Venture Partners and Sequoia Capital also contributed to the round.

  • Nimble Storage was founded by former Data Domain and NetApp executives Varun Mehta and Umesh Maheshwari.