Monday, June 1, 2015

Hedvig Raises $18 Million for Distributed, Software-Defined Storage

Hedvig, a start-up based in Santa Clara, California, announced $18 million in Series B funding for its software-defined storage solution designed to bring "the power of Amazon and Facebook-like infrastructure to any enterprise data center.".

Hedvig has developed a Distributed Storage Platform combines cloud and commodity infrastructure.  The system creates a virtualized pool that provisions storage with a few clicks, scales to petabytes and runs seamlessly in both private and public clouds. The company cited customers such as Intuit, Dovilo, Van Dijk and Paul Hastings LLP.

“We’ve identified the potential in a broken and fragmented storage market, and are not only looking to bring software-defined storage mainstream, but fundamentally change how companies store and manage data,” said Avinash Lakshman, founder and CEO of Hedvig. “Riding the wave of momentum from our recent company launch, this new investment round further validates our technology and approach, and will fuel our unwavering commitment to be the leading force of innovation in software-defined storage.”

The funding was led by Vertex Ventures with participation from existing investors True Ventures and Atlantic Bridge. Vertex Ventures General Partner In Sik Rhee also joined Hedvig’s Board of Directors. Hedvig has raised approximately $30.5 million to date.

Hedvig was founded by Avinash Lakshman, who previously built distributed systems including Amazon Dynamo, the foundation of the NoSQL movement, and Apache Cassandra for Facebook.