SOFTWARE DEFINED STORAGE PLATFORM, HEDVIG RAISES $12 MILLION IN SERIES A

What does Hedvig do?

Hedvig, distributed storage platform is a system developed by several software professionals around the world. With increasing amount of data being generated on a daily basis by companies around the world the storage of such data is no easy task.

Its distributed and defined storage platform makes life easy for businesses by allowing humongous amounts of data storage without actually re architecting their storage architecture.

With true distributed systems DNA, Hedvig is the only software defined storage solution unrestrained by the existing architecture that can’t keep pace with the ever-changing needs of storage of enterprises and runs seamlessly within the cloud architecture of both public and private enterprise.

How much Hedvig was funded?

Venture capital firms True Ventures, Atlantic Bridge and Redpoint Ventures have invested an amount of $12.5 million in Series A round of funding on the 25^th March 2015.

Previous funding:

Earlier rounds of funding have included an amount of $2.5 million on the 7^th July 2012 from True Ventures as Seed funding making the total funding in 2 rounds to be a total of $15 million.

What is next for Hedvig?

According to the founder , Avinash Kalyan “ Hedvig adapts to the existing and future needs of storage be it commodity or proprietary”.

With the induction of new round of funding from the venture capitalists, it hopes to expand operations.

More about Hedvig:

Founded in 2012 and headquartered in Santa Clara, California it is founded by Avinash Lakshman. With the patented distributed storage platform Hedvig gets smarter and better as the scale of the storage is increased. The firm hopes to expand its scale of operations R&D, Marketing and Sales with the new round of funding. Suresh Rajagopalan, VP Solutions and Srinivas Lakshman, VP Operations at Hedvig hope to increase the present base of around 50 employees to a higher base in the near future.