Enterprise storage solution provider Elastifile secures $35M in Series B

All-flash, software-defined storage solution provider for enterprise and web-scale environments, Elastifile, has secured $35 million in its Series B funding round, led by Battery Ventures and Lightspeed Venture Partners. Both the investing firms had participated in the Series A round too. In this round, six other data center and server industry leaders too joined in. “The exponential growth of unstructured data presents unique challenges to enterprises actively processing data collected from an ever-widening range of sources,” said David Gussarsky, Partner, Lightspeed Venture Partners.
“Elastifile’s innovative approach to managing unstructured data in a scale-out, flash-optimized solution opens the door to cost effectively deploying business-critical applications requiring flash resources at scale.”
The company claims that its software-only, all-flash, web-scale file-system object-and-block storage solution is hardware and hypervisor agnostic. “A cost-effective distributed file on flash solution has been a pressing market need,” said Itzik Parnafes, General Partner, Battery Ventures. “Elastifile’s unique and groundbreaking design presents its customers with the first scalable all-flash system providing file, block and object storage to applications at the backbone of day-to-day data center operations.” As compared to other hybrid and hard disk drive-based arrays, Elastifile believes that its solutions allow customers to expand the number of applications they can deploy on flash at a much lower cost of 50 cents per GB ($500 per TB). With this round of funding, the total investment in the company has come to almost $44 million. This additional funding, as according to Amri Aharoni, Co-founder & CEO, Elastifile, will allow the company to “aggressively” market its “unique solution, enabling enterprises to transform the wealth of information gathered as structured and unstructured data into actionable business knowledge.”

Abhinav Mohapatra

An author who has a keen interest for the ‘off-beat’ <!--more-->An author who has a keen interest for the ‘off-beat’, he has covered and explored multiple facets of the marketing, advertising

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