Monday, December 5, 2016

Datrium Lands $55 Million for Open Convergence Platform

Datrium, a start-up based in Sunnyvale, California, secured $55 million in Series C funding for its Open Convergence platform for cloud builders.

Datrium said its converges storage and compute in a radical new way, modeled on public cloud IaaS services instead of traditional 3-tier infrastructure or hyperconvergence.

“Storage arrays are a dying market, but for most datacenters hyperconverged infrastructure is too inefficient and siloed to replace much of it,” said Brian Biles, CEO of Datrium.  “Clouds need elastic data services that scale efficiently in a heterogeneous datacenter landscape.  Datrium is the first vendor to bring the Open Convergence vision to life, splitting elastic data services from efficient data persistence.  DVX is available for VMware today in the US and Japan, and we are excited to broaden our reach with this new investment.”

The new funding round was led by New Enterprise Associates (NEA), with return investment by Lightspeed Venture Partners, as well as funding from a third, outside investor.  This bring total funding at Datrium to more than $110 million.

The company cited rapid growth for its Datrium DVX platform, which was introduced in Q1. Some milestones:

  • Customer Adoption: More than 50 companies in banking, cloud hosting, health care, public sector, manufacturing, media & entertainment and technology leaders have deployed Datrium in two full quarters of availability.
  • NVMe Adoption: NVMe-based DVX systems have been deployed by multiple customers since Q1 2016.
  • Pace of Innovation: Three major releases in seven months. In addition to Datrium DVX General Availability in January,  Datrium has released Insane Mode in May, an on-demand VM acceleration utility that doubles performance with the touch of a button, as well as Performance Density in August, which doubled per-server flash to 100 terabytes for both SATA/SAS and PCIe/NVMe flash.
  • Go-to-Market Growth: Authorized go-to-market partners has soared to 80 companies in North America and Asia today and growing.