Amplidata Secures $11M to Drive Next Phase of Growth
Milpitas, CA and Lochristi, Belgium (PRWEB) March 24, 2014 -- Amplidata, a leader in object-based software defined storage, today announced that it has closed a venture funding round of $11M to support and accelerate the momentum for its patented and proven AmpliStor® solution that enables customers to efficiently manage, secure, and unleash the value in the massive amounts of data they generate. This round brings the total invested capital to $33M. Intel Capital* led the round with participation from all existing investors, including Endeavor Vision*, Hummingbird Ventures*, Quantum*, and Swisscom Ventures*.
Amplidata will use the funding to drive the next phase of growth by expanding its sales and marketing initiatives and investments in its research and development team to further advance true cloud-scale storage economics.
The company has seen an exceptional response to AmpliStor as the number of customers has grown significantly across enterprises and private and public clouds deploying application services for cloud storage. Customers include world leaders in telecommunications, cloud services, life sciences, media and entertainment, security and surveillance and R&D.
There is robust demand for storage solutions that offer true cloud-scale economics that allow customers to unlock the value of their massive volume of data”, said Mike Wall, chairman and CEO, Amplidata. “Traditional RAID-based systems are no longer viable in today’s petabyte and beyond scale. Customers have recognized AmpliStor’s ability to be dynamically scaled and reconfigured across multiple sites while providing leadership performance, data durability and operating efficiency.”
Commenting on the investment, Ian Cooper, investment director at Intel Capital, said “With no end in sight to the massive growth of data and the ever increasing value of that data, organizations need a cost effective way to manage and scale their storage solutions. Amplidata is well positioned to take advantage of the growing demand for object-based storage running on commercial-off-the-shelf hardware.”
"From the world’s largest content owners to smaller businesses seeking competitive advantage, our customers rely on Quantum to help them maximize the value of their digital assets,” said Jon Gacek, president and CEO of Quantum. “One way we do so is with our Lattus Object Storage* offerings, which incorporate best-of-breed Amplidata technology and can be integrated with our other scale-out storage, archive and data protection solutions to provide unmatched user benefits.”
About Amplidata
Founded in 2008, Amplidata offers the AmpliStor object-based software defined storage system for enterprise, private cloud, and hyper scale public cloud implementations. Patented BitSpread®, BitDynamics®, and GeoSpread technologies offers unbreakable durability at greater than 15 nines, infinite scalability and extreme efficiency at half the cost of traditional systems. The Amplidata team consists of storage experts behind the success of DataCenter Technologies*, Dedigate*, and Q-layer*. Named a “Cool Storage Company” in 2012, Amplidata is privately funded by Intel Capital*, Quantum*, Swisscom Ventures*, Endeavour Vision*, and Hummingbird Ventures*. US headquarters is in Milpitas, California with European headquarters in Lochristi, Belgium. Sales and support is worldwide. To learn more visit http://www.amplidata.com or follow @amplidata.
About Intel Capital
Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,339 companies in 55 countries. In that timeframe, 206 portfolio companies have gone public on various exchanges around the world and 344 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit http://www.intelcapital.com or follow @Intelcapital.
About Quantum
Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for sharing, preserving and accessing digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. With Quantum, customers can Be Certain™ they have the end-to-end storage foundation to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. See how at http://www.quantum.com/customerstories
AmpliStor, BitSpread and BitDynamics are registered trademarks of Amplidata.
- Other names and brands are the property of their respective owners.
Seth Bobroff, Amplidata, http://www.amplidata.com, +1 (480) 205-9905, [email protected]
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