XtremIO Extends Series B, Nets $19M

XtremIO, a maker of enterprise flash storage array, has closed its extended Series B round with $19 million. Based in San Jose, Calif., XtremIO is backed by Battery Ventures, Giza Ventures, Jerusalem Venture Partners and Lightspeed Venture Partners. As a result of the latest round, David Gussarsky of Lightspeed will take a seat on the company’s board. Since it was formed in 2009, XtremIO has raised a total of $25 million.

PRESS RELEASE

XtremIO, which is bringing unprecedented levels of performance, scalability, reliability, and ease-of-use to SAN storage with its breakthrough scale-out enterprise flash storage array, today announced it has closed an extended Series B funding round including Lightspeed Venture Partners and now totaling more than $19 million. David Gussarsky of Lightspeed will take a seat on the company’s board of directors. The company, which has raised over $25 million since its founding in 2009, plans to devote the new capital to expanding its business operations and engineering team as the market demand for flash-based storage arrays accelerates.

“It is clear that hard drive based storage arrays have become the performance bottleneck in the data center infrastructure stack. Whether virtualizing servers or desktops (VDI), running analytics, or consolidating databases, a new approach is needed to bring storage performance in-line with the advancements made over the past several years in servers and networking,” said Ehud Rokach, CEO of XtremIO. “XtremIO’s array architecture was developed from the ground up to leverage the speed and unique abilities of flash memory, and with our strong venture backing we are ready to bring a tremendous leap forward in I/O and latency performance to the market, unveil unique new capabilities that hard drive based storage cannot match, and eliminate the complexity that has traditionally plagued SAN storage configuration and tuning.”

“We are on the cusp of a massive technology shift from performance disk to flash technology for I/O intensive data center applications. After evaluating the market and XtremIO’s technology, we are convinced that they have a breakthrough architecture and product to address data center storage I/O challenges,” said David Gussarsky, Managing Partner at Lightspeed Venture Partners. “Lightspeed invests heavily in infrastructure companies with the potential to disrupt markets and with very strong technical and management teams. We are pleased to invest in and support XtremIO.”

About XtremIO

XtremIO revolutionizes IT infrastructure with its all-flash, scale-out, high-availability enterprise storage array. Deployed in the data center, XtremIO’s all-flash arrays dramatically improve performance, accelerate applications, and support higher workloads at a competitive price to traditional disk arrays. Using XtremIO lowers the total cost of ownership for server as well as storage infrastructure, reduces power consumption and physical space requirements, simplifies provisioning, and eliminates complex tuning procedures for a wide range of use cases including virtual server and virtual desktop infrastructure, database consolidation, analytics and business intelligence. Founded in 2009 and based in San Jose, CA, XtremIO is backed by Battery Ventures, Giza Ventures, Jerusalem Venture Partners (JVP), and Lightspeed Venture Partners. For more information, visit www.xtremio.com

Connect with XtremIO: follow us on Twitter http://twitter.com/XtremIO or LinkedIn http://www.linkedin.com/company/632020

XtremIO is a trademark of XtremIO, Inc. and may be registered in some jurisdictions. All other trade names or trademarks used herein are recognized to be the property of their respective owners. All rights reserved.

About Lightspeed Venture Partners

Lightspeed Venture Partners is a leading global venture capital firm with over $2 billion of committed capital under management. Lightspeed’s investment professionals and advisors are located in Silicon Valley, China, India, and Israel. Over the past two decades, the Lightspeed team has backed more than 150 companies, many of which have become leaders in their respective markets, including Blue Nile, Brocade, Calista, Ciena, DoubleClick, eHealth, Fusion-io, Galileo Technology, Growth Networks, Informatica, Kiva Software, LivingSocial, Lucky Pai, Maker Communications, Phone.com, Playdom, Pliant Technology, Provigent, Riverbed, TutorVista, Virsa Systems, and Waveset.

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