Infinidat raised $150M

What does Infinidat do?

Infinidat, is a provider of next gen enterprise class hybrid storage at a disruptive price point. As the digitized data’s growth is outpacing the storage capacity growth, Infinidat’s brings a new generation of highly reliable and efficient storage systems, which supports the future growth needs. Infinidat removes any traditional storage paradigms and delivers superior systems with innovative storage solution which is scalable and is unlike anything in the market. The startup puts an end to compromises and trade-offs. Customers have to no more choose between cost, functionality, capacity, performance and reliability.

How much Infinidat was funded?

Infinidat raised $150M in Series B funding on April 29^th, 2015 from the investors TPG growth.

Previous funding

$80M in Series A funding on April 2013.

What is next for Infinidat?

With the latest funding, the total investments in the company accounts to $230M to date and its valuation to $1.2 billion. As a part of the latest funding the investor TPG’s John Marren is going to join Infinidat’s board of directors. The latest funding will be used to expand Infinidat.

More about Infinidat

Infinidat was founded in 2009 by Moshe Yanai. It has its headquarters in Herzliya, Israel. It has US operation in Needham, Massachusetts. The company was founded by industry veterans with the intention to create solutions for the info storage problems faced by today’s enterprises when they have to forcefully choose between functionality, cost, reliability, capacity and performance. Infinidat will enable these enterprises to have all of these today and at a price which they can afford.

Infinidat has brought to market its InfiniBox, which is a new generation of highly reliable efficient and scalable storage systems for solving the problems and capitalizing on the exploding storage market.

This InfiniBox is installed in companies globally supporting many applications and use cases.