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Infinidat

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Infinidat is an Israeli data storage company.

History

Infinidat was founded by Moshe Yanai in 2009,[1][2] and the company first launched commercially in 2011.[3] By 2015 it was valued at $1.2 billion,[1] and in 2017 it was valued at $1.6 billion.[4] The company has offices in 17 countries and two headquarters: one in Waltham, MA and one in Herzliya, Israel.[5]

InfiniBox

In 2013 the company filed for thirty-nine patents,[2] and later that year released its flagship product, the InfiniBox. The product employs machine learning algorithms in order to increase the efficiency of low-cost hardware. Each system initially managed about five petabytes of data.[4] As of October 2017, the company had shipped about two exabytes worth of storage to its customers. [6][7] The company uses conventional and flash storage, and has a better than one million IOPS performance and 99.99999 percent reliability.[8] The product is used by large corporations and clients including cloud service providers, telecoms, financial services firms, healthcare providers, and others that require large amounts of data storage.[9]

Funding

In 2015 the company received $150 million in funding during its Series B round led by TPG Newbridge.[10] In 2017, the company received $95 million in funding,[4] in a Series C round led by Goldman Sachs. At this stage it had received $325 million in total funding.[5]

References

  1. ^ a b https://www.forbes.com/sites/gilpress/2017/09/11/5-rules-for-practicing-disruptive-innovation-while-staying-on-top-of-big-data-waves/#732e7b677780
  2. ^ a b https://www.theregister.co.uk/2014/02/17/big_data_startup_patents/
  3. ^ http://www.zdnet.com/article/infinidat-shakes-up-enterprise-storage-market/
  4. ^ a b c https://www.haaretz.com/israel-news/1.815764
  5. ^ a b https://data-economy.com/goldman-sachs-targets-40bn-storage-world-multi-million-dollar-investment-infinidat/
  6. ^ https://www.datamation.com/storage/openio-secures-5-million-in-vc-funding.html
  7. ^ https://www.theregister.co.uk/2015/12/01/infinidat_reselling_brocade_storage_networking_gear/
  8. ^ http://www.zdnet.com/article/infinidat-looks-at-how-storage-can-evolve-to-work-with-the-cloud/
  9. ^ http://www.thetower.org/5550-data-storage-startup-raises-95-million-making-it-israels-latest-high-tech-unicorn/
  10. ^ https://www.bizjournals.com/boston/news/2017/10/03/infinidat-worth-1-6b-after-goldman-investment-of.html
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