Elastifile Raises $15M

What does Elastifile do?

Elastifile, is a cutting edge, all flash software defined storage solution. The company develops a new elastic, converged and scale out storage solution for the next gen data centers. The company is building a unique, high performance scale out solution for the next gen private clouds and data centers. The company is backed by Lightspeed Venture Partners and Battery Ventures. The company is bringing to the enterprise grade storage a new level of flexibility. It is contraindicating the regularly accepted exchange between agility and resiliency. The company helps mid-size and large enterprises in scaling through the cloud, for plenty of nodes, giving millions of output and input operations per second. The company provides flash performance to all enterprise applications while lowering the virtualized data centers’ OPEX and CAPEX. The company makes the adoption of hybrid cloud simple by extending file systems across cloud and on premise deployments seamlessly.

 How much Elastifile was funded?

The company raised $15M in Series B on June 14, 2016 from Cisco.

Previous funding

$8M in Series A on January 14, 2014 from Battery Ventures and Lightspeed Venture Partners

$35M in Series B on January 12, 2016 from Battery Ventures and Lightspeed Venture Partners

What is next for Elastifile?

The company is bringing a new level of flexibility to the enterprise grade storage. It is redefining enterprise grade storage by designing an elastically expandable distributed file.

More about Elastifile

The company was founded in 2014 by Roni Luxenburg and Shahar Frank. It has its headquarters in Herzliya. The company brings cloud scale storage to mid and large size companies. A file system for the 1^st time is capable of scaling massively with performance that rivals all flash block systems, expanding elastically to hundreds of thousands of nodes and providing IOPS in millions.