Kaminario raises $75M in funding to fuel growth and innovation

Kaminario, an all-flash storage company, has announced that it has secured $75 million in a new round of financing, bringing the company’s total funding to $218 million. The latest round was led by Waterwood, a private equity firm that invests in growth-stage technology companies. Participation in this round was a mix of new and existing investors, including Sequoia, Pitango, Lazarus, Silicon Valley Bank and Globespan Capital Partners. According to the company, the new capital will be used to accelerate go-to-market initiatives, expand Kaminario’s global presence and fuel research and development. “Our strong business growth, cutting-edge technology and the all-flash market opportunity make Kaminario very attractive to investors and partners alike,” said Dani Golan, Founder and CEO, Kaminario.
“The role of the data center is transforming as businesses continue to accelerate digital transformation and cloud adoption, and we are perfectly positioned to deliver agile storage solutions for today’s on-demand applications. This new funding will allow us to continue our global expansion and accelerate our innovation agenda to better serve our customers,” he added.
With its built-for-flash, software-defined architecture, Kaminario claims to be strongly positioned to power on-demand applications, turn data into usable information and support SaaS businesses as they grow. With this new funding, the company aims to accelerate expansion across Eastern and Western Europe, Asia Pacific and the Middle East leveraging its Kaminario ACCELERATE Channel Partner program. Kaminario has also revealed plans to expand technology eco-system partnerships to deliver more complete solutions to its customers with emphasis on bringing storage closer to the application layer with tighter integrations with database platforms, virtualization solutions, hypervisors and development paradigms. To boost technology innovation, the company aims to leverage its software-defined architecture to help customers adopt new hardware technologies quickly, with no forklift upgrades. With emerging hardware technologies such as NVMe and NVMe Fabric (NVMeF) on the horizon, the company believes that this latest round will allow it to accelerate its innovation agenda and give existing customers a faster path to leverage new technology advancements, without impacting performance or disrupting their existing infrastructure.

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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