SANTA CLARA, Calif.,
Sept. 6, 2017 /PRNewswire/ --
Elastifile, the enterprise hybrid cloud data management company,
today announced that it has closed a $16
million funding round, led by Western Digital Capital, the
strategic investment fund of Western Digital Corp. (NASDAQ:
WDC). With this investment from a group of existing and new
investors, the total backing raised by Elastifile is over
$65 million.
Elastifile's unique cross-cloud data fabric offering is growing
quickly with over 40 customers. Western Digital Capital initiated
the round along with new investor CE Ventures, and existing
investors, including Lightspeed Venture Partners, Battery Ventures,
Dell Technologies Capital and Cisco Investments.
"As an investment in our vision, people, technology, and
business growth, this is a declaration of confidence in
Elastifile's ability to make a difference for the future of
Enterprise IT," said Amir Aharoni,
CEO and co-founder of Elastifile. "With nearly 100 employees in the
US, Israel, and Europe, we are working relentlessly to help
enterprises and their users free their data and enable their true
hybrid cloud with our cross-cloud data fabric."
"Elastifile has developed a cloud-scale distributed file system
designed to free data locked inside storage silos so all users and
workflows can access it instantly from anywhere," said Mark Long, president, Western Digital Capital.
"The company is addressing an important and growing challenge
associated with traditional storage architectures. We strongly
support their efforts and are pleased to expand our ongoing
strategic relationship."
"Dell Technologies is pleased to extend its investment in
Elastifile's unique vision and technology for the cross-cloud data
fabric," said Yair Snir, VP and
Managing Director for Dell Technologies Capital. "Elastifile is
solving the data bottleneck for true enterprise hybrid cloud use
cases."
With Elastifile, businesses are empowered by data rather than
limited by it. Users can run existing and new applications on
modern, elastic infrastructures in public IaaS, on-prem, and
service providers. For active data use cases, the flash-native
Elastifile Cloud File System delivers linear scale-out NAS
performance with no-compromise enterprise data services and high
availability, enabling the most demanding workflows on stateful
containers, bare metal, and virtual machines. For inactive
data use cases like disaster recovery and data protection,
Elastifile's CloudConnect is integrated to deliver the most
efficient data transfer and cloud tiering, with granular check in
and out of files to low cost object storage. Together, Elastifile
facilitates seamless aggregation of multi-site data into true
hybrid cloud workflows, enabling powerful cloud-bursting,
analytics, and more.
Follow Elastifile:
https://twitter.com/elastifile
https://www.linkedin.com/company/elastifile
https://www.facebook.com/Elastifile/
About Elastifile
Elastifile is redefining
the way data is stored and managed, enabling seamless
deployment of private and hybrid cloud solutions. With
enterprises and service providers looking to support both
on-premises and cloud workflows across both active and inactive
data workloads, Elastifile uniquely delivers this to application,
analytics, and infrastructure teams as the single global namespace
of a distributed file and object system. This elastic,
scale-out, software-only BYOH (bring-your-own-hardware) solution
provides all the advantages of public IaaS to the data center and
uncompromised enterprise data services and SLAs in the cloud.
With nearly 100 employees, Elastifile is based in Santa Clara, California and Herzliya,
Israel, with global Sales and
Marketing offices in North America
and Europe, and R&D in
Israel. Elastifile was founded in
2013 and is backed by seven market leaders from across the
cloud, data center and storage industries, Battery Ventures,
Lightspeed Venture Partners, and CE Ventures. Elastifile's founders
and leadership team includes a powerful mix of experience across
enterprise storage, virtualization, applications, and flash to help
transform its customers' hybrid cloud workflows.
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SOURCE Elastifile