4 Comments

Summary:

StorSimple, a Santa Clara, Calif.-based company that combines enterprise and cloud storage has raised $13 million in new funding in a round led by Mayfield Fund. Ignition Partners is also a new investor in the company, and joins previous investors, Index Ventures and Redpoint Ventures.

StorSimple, a Santa Clara, Calif.-based company that is trying to carve out a niche in the ultra-hot cloud storage market has raised $13 million in new funding in a round led by Mayfield Fund. Ignition Partners is also a new investor in the company, and joins previous investors, Index Ventures and Redpoint Ventures.

StorSimple has raised a total of $21 million in funding so far. StorSimple is building a cloud-ready hybrid storage appliance that is focusing on Microsoft applications including Microsoft SharePoint, Exchange 2010, File Services, and Virtual Machine environments. It is one of the many startups that are trying to improve storage utilization inside the enterprise infrastructure. In addition, the company is going to be duking it out with the likes of EMC, which too has grand designs on the cloud-storage market.

The company was co-founded by CEO Ursheet Parikh (formerly with Cisco) and president & VP of Engineering, Guru Pangal (formerly with Brocade). It raised $8 million in Series A funding in June 2009 from Satish Dharamraj (Redpoint, Zimbra) and Bernard Dalle of Index Ventures. Jayshree Ullal, CEO of Arista Networks and Mike Volpi of Index Ventures, both formerly of Cisco are also on StorSimple’s board of directors. In addition to new funding, the company also named Ian Howells, a software and storage industry veteran as its chief marketing officer. He joins the company after stints at Alfresco and SeeBeyond.

From GigaOM PRO (subscription required)VMware’s Cloudy Ambitions: Can It Repeat Hypervisor Success?

You’re subscribed! If you like, you can update your settings

  1. Cloud Startup Values Are Getting Insane: Cloud « Friday, September 24, 2010

    [...] Clara-based storage company, which is making hybrid storage systems, recently raised $13 million in Series B funding. The company, which is yet to bring in a dollar in sales, is being valued at $50 [...]

  2. Cloud Startup Values Are Getting Insane « Blog of Intellectual Capital Sunday, September 26, 2010

    [...] Clara, Calif.-based storage company making hybrid storage systems, recently raised $13 million in Series B funding. The company, which has yet to bring in a dollar in sales, is being valued at $50 [...]

  3. VMaware.biz – The Coming of Cloud-Aware Applications « CloudVentures.biz Sunday, October 3, 2010

    [...] StorSimple Raises $13M in Series B Funding (cloud.gigaom.com) [...]

  4. Cloud-savvy Ignition Gets Stronger with Franke Artale: Cloud Computing News « Monday, February 7, 2011

    [...] company that’s planning an IPO next year. Other notable cloud investments include Skytap and StorSimple. It’s an impressive track record that’s matched by Artale’s [...]

Comments have been disabled for this post