Exablox Receives $7M

What does Exablox do?

Exablox, is an award winning start up which is re-imagining storage. It provides a scale out, cloud based storage and data management solution. It is re-imagining storage for solving businesses’ runway storage costs and data management issues. This company is backed by leading Silicon Valley venture firms.

It’s cloud managed, scale out, object based storage appliance solves businesses’ common storage issues like cumbersome storage management, complicated installation, limited capacity and the forklift upgrades. Without the troubles of a legacy scale up storage architecture, this company’s clean sheet approach combines SMB and NFS accessible OneBox appliance with OneSystem, which is an good multi-tenant cloud based management service.

How much Exablox was funded?

Exablox raised $7M in Series C funding on May 18, 2015 from Dell Ventures and Toshiba America Electronic Components.

Previous funding

$7.5M in Series A round on November 16, 2011

$22M in Series B round on December 18, 2012 from DCM, U.S. Venture Partners (USVP) and Norwest Venture Partners – NVP

$16M in Series C round on February 26, 2015 from U.S. Venture Partners (USVP), DCM, Norwest Venture Partners – NVP and Dell Ventures.

What is next for Exablox?

With the latest round of funding included the total investments in the company to sate amounts to $23M. As a part of this round, Toshiba America Electronics Components, Inc joins Dell Ventures as a strategic investor. The funding will be used to support the new drive technologies which meet the rapidly growing demands of storing unstructured data and to address the needs of the customers who are targeting the emerging object based storage market.

More about Exablox

Exablox was founded in 2010 by Tad Hunt. It has its headquarters in Mountain View, CA.  This startup solves businesses runaway storage costs and info management issues by providing an affordable cloud managed scale out object based solution which can be used easily.