$3 Million Series Seed Funding Raised by DEY Storage

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DEY Storage Systems, Inc., formed to provide innovative storage solutions using a more "open" software-delivered model. The San Mateo-based company raised $3 Million in funding.

With $3 million in funding raised, DEY Storage Systems, Inc., is continuing plans to pioneer data center storage management software. Participants in the Series Seed financing include storage and technology industry leaders John Thompson, CEO Virtual Instruments; Steven Luczo, CEO Seagate; Jim Davidson, co-founder and managing partner, Silver Lake; and Terry Garnett, managing director Garnett Helfrich Capital.

The San Mateo-based company formed to provide innovative storage solutions using a more “open” software-delivered model. DEY’s software will enable large data center customers to buy high performance storage at lower costs using standard hardware, similar to the storage purchase methods used by Google, Amazon and Facebook.

“DEY is unbundling storage management from the physical layer to provide customers with a storage system which is massively scalable and designed to align and integrate with their services-based infrastructures,” says co-founder and CEO Jason Yoho. “The bottom line is that traditional storage does not meet the technical, operational or financial requirements in an increasingly virtualized and cloud-based world.”

“DEY’s technology is being built for the most demanding data center customers,” says Garrett D’Amore, co-founder and vice president of engineering for DEY, and founder of the illumos.org open source project. “DEY technology places no limits on storage, giving customers a variety of choices that meet their data, performance and capacity requirements while optimizing their per dollar investment.”

“Richard Elling’s vision, DEY co-founder and CTO, is to bring large-scale systems design, management and analysis techniques to solve the difficult problems facing customers as they scale storage systems,” says Steven Luczo, president and CEO of Seagate. “His innovative ideas will strengthen the bonds between architecture, development and operations.”

“We’ve brought together the team and the vision to address this huge opportunity in the software-delivered storage market,” says Yoho. “DEY is rapidly developing its product, and has a number of leading companies signed up for early beta deployments.”

About DEY: DEY Storage Systems, Inc., provides innovative software-delivered storage solutions. Our software virtualizes storage by unbundling storage management from the physical layer, enabling customers to design and operate dynamic storage platforms supporting their services-based infrastructures. DEY is a global company based in San Mateo, CA.

Jason Yoho, CEO: Jason.yoho(at)dey-sys.com 650.434.3391
Regina Elling, publicity: regina.elling(at)dey-sys.com 650.434.3391

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