Showing posts with label Datrium. Show all posts
Showing posts with label Datrium. Show all posts

Sunday, September 16, 2018

Datrium raises $60 million for hybrid cloud, including Samsung funding

Datrium, a start-up based in Sunnyvale, California, raised $60 million for its Open Convergence platform for cloud builders.

The funding was led by Samsung Catalyst Fund, with participation from Icon Ventures, and existing investors NEA and Lightspeed Venture Partners. 

“We are thrilled to partner with Samsung and Icon Ventures to expand our technical and geographical momentum,” said Tim Page, CEO of Datrium. “Enterprises globally have the same problems in simplifying compute and data management across on-prem and cloud. Where SANs don’t even have a  path to cloud, traditional HCI has too many tradeoffs for core datacenters – backup requires separate purchasing and administration, and cloud DR automation is seldom guaranteed. Larger enterprises are realizing that Datrium software offers them a simpler path.”

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.