Tracxn - Enterprise Storage Startup Landscape

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Enterprise Storage - May 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on May 10, 2019.
Enterprise Storage Feed Summary
4
Enterprise Storage > Feed Summary
Products designed to assist large organizations with saving and retrieving large volumes of digital information.
• Inclusions: Hardware and Software-based storage
solutions enabling storage functionality such as
backup, storage management, file system etc.Sample
business models : NAS, Hybrid Storage, Storage
Management, Converged Infrastructure
• Exclusions: Cloud storage providers such as
Dropbox. Companies providing consulting, services,
and re-sellers of Enterprise Storage equipment.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$15.4B
Funding
98
Mega
Companies
434898
FundedCovered on
Tracxn
21
Unicorns
36
Soonicorns
19
Minicorns
52
IPO’d Cos
285
Late Stage Cos
125
227
Acquisitions
69
DeadPooled
-
Acquihired
Series A+ Cos
Dell
(1984, Round Rock)
Dell EMC
(1979, Hopkinton)
Amazon Web
Services
(2006, Seattle)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Enterprise Storage
5
$500M - Series C
Veeam (2006, Baar, $500M)
$95M - Series C
Infinidat (2011, Waltham, $325M)
$261M - Series E
Rubrik (2014, Palo Alto, $553M)
$94M - Series E
Cloudian (2011, Foster City, $176M)
$250M - Series D
Cohesity (2013, Santa Clara, $410M)
$93M - Series D
Qumulo (2012, Seattle, $230M)
$100M - Series F
Actifio (2009, Waltham, $308M)
$80M - Series F
Druva (2008, Sunnyvale, $200M)
$100M - Series B
SpaceBelt (2015, Los Angeles, $105M)
$68M - Series B
Wasabi (2015, Boston, $76.2M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Enterprise Storage > Feed Summary > Investment Trend Summary
Seed Accel (#1), Index Ventures (#1), Bain Capital Ventures (#1)
Series A/B
Intel Capital (#7), Lightspeed Venture Partners (#5), Western
Digital Capital (#4)
Series C+ Cisco Investments (#5), Western Digital Capital (#5), IVP (#2)
Incubators
Jerusalem Venture Partners (#2), Y Combinator (#1), NTT
Docomo Ventures (#1)
Other Notable
Investors
TriplePoint Capital (#7), Dell Technologies (#6), Credit Suisse (#3)
Debt Investors
Western Technology Investment (#17), Kreos Capital (#5),
Hercules Capital (#5)
Most Active InvestorsRecent Investments
57
44
37
25
11
1
2014 2015 2016 2017 2018 2019*
Y-o-Y # of Companies Founded 70 56 43 52 47 16
$12.8B
$816M
$804M
$179M
$14.5M
US
Europe
Israel
Canada
SEA
$ Funding
$961M
$1.5B
$1.4B
$889M
$1.1B
$1.2B
$2.3B
38
2014 2015 2016 2017 2018 2019*
$ Funding # Rounds

Summary of exit outlook in Enterprise Storage
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Lightspeed Venture
Partners
8
Nutanix (2009, San Jose, $340M)
New Enterprise
Associates
8
Tintri (2008, Mountain View, $260M)
SolidFire (2010, Boulder, $150M)
Accel 6
SimpliVity (2009, Westborough, $276M)
Virident Systems (2006, Milpitas, $116M)
Sequoia Capital 6
Nimble Storage (2007, San Jose, $90.5M)
Mayfield 6
Mimosa Systems (2003, Santa Clara, $55.4M)
Legato (1988, Mountain View)
Mar 2018 Microsemi Acq by Microchip for $8.4B
Dec 2015 Inotera memories Acq by Micron for $4B
Oct 2015 SanDisk Acq by Western Digital for $19B
Oct 2015 EMC Acq by Dell for $67B
Feb 2013 Dell Acq by Silver Lake for $24.9B
Mar 2012 HGST Acq by Western Digital for $4.8B
Jul 2009 Data Domain Acq by EMC for $2.4B
Enterprise Storage > Feed Summary > Exit Outlook Summary
EMC 18
Data Domain (Jul 2009, $2.4B), Isilon (Nov 2010, $2.2B), Legato
(Jul 2003, $1.3B)
Cisco 7
NuSpeed Internet Systems (Jul 2000, $450M), Whiptail (Sep
2013, $415M), Springpath (Sep 2017, $320M)
Dell 7
EMC (Oct 2015, $67B), Equallogic (Nov 2007, $1.4B),
Compellent Technologies (Dec 2010, $820M)
Hewlett-Packard 6
3PAR (Sep 2010, $2.4B), Lefthand Networks (Oct 2008, $360M),
Persist Technologies (Nov 2003)
NetApp 6
SolidFire (Feb 2016, $870M), Spinnaker Networks (Nov 2003,
$300M), Onaro (Jan 2008, $120M)
Recent IPOs Top Acquisitions
Nimble Storage Dec 2013
Primary Storage,Backup,Disaster Recovery
IPO MCap: $1.5B
Quantum Sep 2012
Hybrid Storage | Backup & Recovery
IPO MCap: -
Innodisk Mar 2012
Industrial embedded flash and DRAM storag…
IPO MCap: -
Carbonite Aug 2011
Hybrid Backup and recovery for consumers…
IPO MCap: $240M
Tintri Jun 2017
Smart storage for virtualization & cloud
IPO MCap: $216M
Nutanix Sep 2016
Converged Compute and storage infrastruct…
IPO MCap: $2.2B
Pure Storage Oct 2015
All-flash Enterprise Storage
IPO MCap: $425M
DataDepositBox Mar 2015
Continous Backup and recovery platform
IPO MCap: -

Overview
Companies 898
Funded 434 Series A+ 285
Funding $15.4B Last 2 yrs $2.8B
Most Active Investors
Seed Accel (1)
Series A/B Intel Capital (7)
Series C+ Cisco Investments (5)
Others TriplePoint Capital (7)
Incubators Jerusalem Venture Partners (2)
Top Cities
Bay Area 194 Cos $7.1B
Waltham 6 Cos $624M
Feed in Numbers
Unicorns 21 Soonicorns 36
Minicorns 19 Editor Picks 96
Acquihired - Deadpooled 69
Top Companies
Amazon Web
Services
(2006, Seattle)
Dell (1984, Round Rock)
Dell EMC (1979, Hopkinton)
Exits
IPOs 52 Nutanix, Nimble Storage
Acquisitions 227 EMC, Dell
Top Acquirers EMC, Cisco
Marketmap: Enterprise Storage
STORAGE MEDIA
STORAGE ARCHITECTURE
NAS
SAN
CONVERGED
INFRASTRUCTURE
HYBRID STORAGE
ALL FLASH ARRAYS
NON-VOLATILE RAM
SOLID STATE DRIVE
HARD DISK DRIVE
SOFTWARE
DATA STORAGE
SOFTWARE-DEFINED
STORAGE*
OBJECT STORAGE
FILE SYSTEM
BACKUP
STORAGE MANAGEMENT
MANAGEMENT
CLOUD
LOCAL
SUITE
Enterprise Storage > Feed Summary > BlueBox
7

Key Sub Sectors in Enterprise Storage Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Backup >
Suite 49 $834M 8
Software Defined Storage
46 $242M 14
Storage Media >
All Flash Arrays 30 $164M 10
Converged Infrastructure >
Hyper-Converged Infrastructure 15 $395M 6
Data Storage >
Object Storage 26 $190M 6
Storage Media >
Hybrid Storage 22 $202M 5
Storage Management
46 $55.2M 4
Converged Infrastructure
24 $64.3M 3
Storage Media >
SSD 42 $16.7M 3
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Storage Media
Companies that design and manufacture data storage
devices
149 94 $4.7B
Backup
Companies that provide hardware or software
products that enable backing up of data
381 103 $3B
Storage Architecture
Companies that provide products for storage
architecture
141 90 $2.9B
Companies that provide products for consolidation,
centralization of IT resources, further...
39 27 $1.9B
Companies that provide data storage technologies
which separate storage hardware from...
46 34 $996M
Storage Management
Companies that provide management solutions that
help organizing and maximize or improve...
70 40 $770M
Data Storage
Companies that provide products for addressing and
manipulating data storage
44 28 $666M
Enterprise Storage > Feed Summary > Summary of Key Markets

List of Notable Companies in Enterprise Storage
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
Enterprise Storage > Feed Summary > Notable Companies in the Sector
Public
Nutanix
(2009, San Jose, $340M)*
Commvault
(1996, Middletown)
Crossroads
(1996, Austin)
Pure Storage
(2009, Mountain View, $528M)
Iron Mountain
(1951, Boston)
Carbonite
(2005, Boston, $66M)
LeoNovus
(2009, Sunnyvale)
Overland Storage
(1980, San Jose, $51.1M)
Dropsuite
(2012, Singapore, $5M)
IceWEB
(1994, Sterling, $4M)
Public
NetApp
(1992, Sunnyvale)
Western Digital
(1970, San Jose)
Accusys
(1996, Zhubei)
GSI Technology
(1995, Cupertino)
UMAX
(1987, Taipei)
DataDepositBox
(2002, Toronto)
FalconStor
(2000, Melville)
Hitachi Data Systems
(1989, Santa Clara)
Innodisk
(2005, Taipei)
Metrofile
(1983, Johannesburg)
Public
Princo Corp.
(1983, Hsinchu)
Quantum
(1980, San Jose)
Taiyo Yuden
(1977, Tokyo)
Technicolor
(1915, Moulineaux)
Acquired
EMC
(1979, Hopkinton)
Dell
(1984, Round Rock)
SanDisk
(1988, Milpitas)
Microsemi
(1959, Aliso Viejo)
HGST
(2003, San Jose)
Inotera memories
(2003, Taoyuan City)
Data Domain
(2001, Santa Clara)
3PAR
(1999, Fremont)
Isilon
(2001, Seattle, $59.9M)
Seagate
(1979, Scotts Valley)
Acquired
Maxtor
(1982, Milpitas)
Equallogic
(2001, Nashua, $47M)
QLogic
(1994, Aliso Viejo)
Legato
(1988, Mountain View)
Numonyx
(2008, Rolle, $150M)
Fusion-io
(2006, Salt Lake City, $112M)
Nimble Storage
(2007, San Jose, $90.5M)
SolidFire
(2010, Boulder, $150M)
Compellent
Technologies
(2002, Eden Prairie, $29.3M)
McData
(1982, Broomfield)

List of Notable Companies in Enterprise Storage
Notable Companies in the Sector (2/2)
10
Enterprise Storage > Feed Summary > Notable Companies in the Sector
Acquired
Dot Hill
(1984, Longmont, $8.8M)
Virident Systems
(2006, Milpitas, $116M)
SimpliVity
(2009, Westborough, $276M)
Giganet
(1994, Worcester, $41M)
Corsair
(1994, Fremont, $75M)
Anobit
(2006, Herzliya, $72M)
SandForce
(2006, Fremont, $46M)
NuSpeed Internet
Systems
(2000, Maple Grove)
XtremIO
(2009, Herzliya, $25M)
Whiptail
(2008, Whippany, $41M)
Acquired
OTG Software
(1997, Hopkinton)
Zantaz
(1996, Pleasanton, $94M)
Xyratex
(2009, Havant)
Lefthand Networks
(1999, Boulder, $50.5M)
ConvergeNet
Technologies
(1997, San Jose, $30M)
Pliant Technology
(2006, Milpitas, $50.3M)
Springpath
(2012, Sunnyvale, $34M)
SMART Storage Systems
(2008, Newark)
Spinnaker Networks
(1999, Irvine, $51.4M)
CrosStor Software
(1990, South Plainfield)
Acquired
SGI
(1980, Fremont)
Pathlight Technology
(1995, Ithaca)
Smarsh
(2001, Portland, $6.7M)
Iomega
(1980, San Diego)
Acopia Networks
(2002, Lowell, $86M)
InktankProtected
Tweets
(2012, Los Angeles, $14.4M)
3Ware
(1997, San Francisco, $69M)
Avamar
(1999, Irvine, $40.3M)
PowerQuest
(1993, Orem, $10M)
Mozy
(2005, Draper, $1.9M)
Acquired
iWeb
(1996, Montreal, $4.3M)
Storwize
(2004, Los Gatos, $30.9M)
Gluster
(2005, Sunnyvale, $12.5M)
Skydesk
(1996, San Diego, $27M)
Archivas
(2004, Waltham, $12M)
Onaro
(2002, Boston, $10M)
Connected
(1996, Boston, $23.5M)
Mimosa Systems
(2003, Santa Clara, $55.4M)
Sanera
(2000, Sunnyvale, $73.3M)
Unicorns
Rubrik
(2014, Palo Alto, $553M)
Veeam
(2006, Baar, $500M)
Infinidat
(2011, Waltham, $325M)
Actifio
(2009, Waltham, $308M)
Tintri
Datto
(2007, Norwalk, $100M)
Veritas
(1989, Mountain View, $18.6M)
Amazon Web Services
(2006, Seattle)

List of Notable Companies by Market in Enterprise Storage
Notable Companies by Market (1/16)
12
Enterprise Storage > Feed Summary > Notable Companies by Market
Suite
Suite
Dell (1984, Round Rock)
Enterprise solutions and consumer elecctronics
company
Unicorn. Stage: Acquired
JPMorgan Chase & Co., Bank of America Merrill
Lynch, Barclays and 5 Other Investors
EMC (1979, Hopkinton)
RSA ECAT | Endpoint Threat Detection and
Response | EMC
GTCR
NetApp (1992, Sunnyvale)
Enterprise information management and storage
solutions
Unicorn. Stage: Public
Sequoia Capital, Sutter Hill Ventures, TA Associates
Management
Infortrend (1993, Taipei)
Networked Storage Solutions
Soonicorn. Stage: Bootstrapped Large
Suite
Hitachi Data Systems (1989, Santa Clara)
Data Storage, Computer Hardware and Software
Stage: Public
Azini Capital Partners
Storage Media
Optical Storage
Metrofile (1983, Johannesburg)
Document management products and services
Stage: Public
Princo Corp. (1983, Hsinchu)
Tool coating, optical storage and SiP chip
manufacturer
Stage: Public
Taiyo Yuden (1977, Tokyo)
Electronic components and optical media solutions
Stage: Public
Technicolor (1915, Moulineaux)
Media Conglomerate providing production and
distribution services
Stage: Public
Vector Capital

13
Storage Media
HDD
Maxtor (1982, Milpitas)
Manufacturer of computer hard disk
Bay Partners
Western Digital (1970, San Jose)
Manufacturer of computer data storage devices
Editor's Pick. Stage: Public
HGST (2003, San Jose)
Helium filled hard drives
Stage: Acquired
Smart Disk (1994, Fort Myers)
External storage drives, portable Flash and hard
disk-based drives
Stage: Acquired
Phoenix House, Zenerji
Xyratex (2009, Havant)
Disk drives and storage technology
Stage: Acquired
HgCapital
SSD
PCIe SSDs, Flash Storage Hardware and Software
Products
Stage: Acquired
Seagate, Mitsui Global, Globespan Capital Partners
and 10 Other Investors
Fusion-io (2006, Salt Lake City, $112M)
Flash Storage via PCIe
Meritech Capital Partners, Accel, Andreessen
Horowitz and 11 Other Investors
Corsair (1994, Fremont, $75M)
DRAM and SSDs
Soonicorn. Stage: Acquired
Francisco Partners, Norwest Venture Partners,
Columbia Capital and 1 Other Investors
SSD
Anobit (2006, Herzliya, $72M)
Flash storage solutions
Intel Capital, Pitango Venture Capital, Battery
Ventures and 1 Other Investors
3Ware (1997, San Francisco, $69M)
RAID Storage Solutions
Stage: Acquired
New Enterprise Associates, Vantage Capital Fund
Managers, Selby Ventures and 6 Other Investors
OCZ Storage Solutions (2002, San Jose, $69M)
Solid State Drives
Stage: Acquired
Hercules Capital, Smile Gate Investment
Pliant Technology (2006, Milpitas, $50.3M)
Enterprise All Flash Drives (EFDs)
Stage: Acquired
Arcturus Capital, Lightspeed Venture Partners,
Menlo Ventures and 1 Other Investors

14
Storage Media
SSD
SandForce (2006, Fremont, $46M)
Developer of flash processor and controllers
Stage: Acquired
Canaan Partners, Storm Ventures, TransLink
Capital and 6 Other Investors
Innodisk (2005, Taipei)
Industrial embedded flash and DRAM storage
peripherals
Stage: Public
SanDisk (1988, Milpitas)
Supplier of flash memory cards
Stage: Acquired
Giza Venture Capital, Endeavour Vision, Mayfield
SMART Storage Systems (2008, Newark)
Solid State Storage Devices
Stage: Acquired
Silver Lake
SSD
UMAX (1987, Taipei)
Manufacturer of DRAM and NAND flash memory
products
Stage: Public
All Flash Arrays
Pure Storage (2009, Mountain View, $528M)
Firsthand Technology Value Fund, T. Rowe Price,
Sutter Hill Ventures and 13 Other Investors
TriplePoint Capital, Insight Venture Partners, New
Enterprise Associates and 7 Other Investors
Kaminario (2008, Yokneam Illit, $243M)
All-flash enterprise array
Soonicorn. Stage: Series F
Western Digital Capital, Sequoia Capital, Pitango
Venture Capital and 12 Other Investors

15
Storage Media
All Flash Arrays
SolidFire (2010, Boulder, $150M)
Cloud computing Infrastructure
Stage: Acquired
Greenspring Associates, New Enterprise Associates,
Novak Biddle Venture Partners and 2 Other
Investors
Vexata (2014, San Jose, $54M)
Active data storage solutions for data-intensive
applications
Soonicorn. Stage: Series B
Mayfield, Intel Capital, Lightspeed Venture Partners
Whiptail (2008, Whippany, $41M)
All-Flash Storage Systems
Stage: Acquired
Spring Mountain Capital, Silicon Valley Bank,
Ignition Partners and 2 Other Investors
All Flash Arrays
XtremIO (2009, Herzliya, $25M)
SSD Data Storage
Stage: Acquired
Lightspeed Venture Partners, Giza Venture Capital,
Jerusalem Venture Partners and 3 Other Investors
NVRAM
Crocus Technology (2004, Santa Clara, $194M)
Magnetic technology based Sensor & RAM
developer
NanoDimension, Innovation Capital, Idinvest
Partners and 8 Other Investors
Numonyx (2008, Rolle, $150M)
Non-volatile memory design for consumer and
industrial needs
Francisco Partners
Nantero (2001, Woburn, $142M)
Enabling faster storage using carbon nanotubes
(CNTs)
Schlumberger, Dell, Cisco Investments and 9 Other
Investors

16
Storage Media
NVRAM
Crossbar (2010, Santa Clara, $111M)
Pioneering non-volatile RRAM memory technology
Soonicorn. Stage: Series D
Artiman Ventures, Korea Investment Partners,
Oriza Holdings and 12 Other Investors
Diablo Technologies (2003, Ottawa, $101M)
Fabless semiconductors
Israel Cleantech Ventures, Battery Ventures, Celtic
House Venture Partners and 6 Other Investors
Microsemi (1959, Aliso Viejo)
IC and semiconductor developer for multiple
applications
Opus Capital
Inotera memories (2003, Taoyuan City)
Provides DRAM foundry services
NVRAM
4DS Memory (2007, Fremont)
Interface switching ReRAM
Stage: Acquired
SRAM
GSI Technology (1995, Cupertino)
Manufacturer of high-performance memory
product
Stage: Public

17
Storage Media
Hybrid Storage
Low-cost hybrid storage provider
Unicorn. Stage: Series C
TPG, Goldman Sachs Investment Partners, Security
Growth Partners
Tegile (2010, Newark, $178M)
Hybrid Storage Arrays
Meritech Capital Partners, Capricorn, Western
Digital Capital and 6 Other Investors
Nimble Storage (2007, San Jose, $90.5M)
Primary Storage,Backup,Disaster Recovery
Sequoia Capital, Accel, Lightspeed Venture Partners
Quantum (1980, San Jose)
Hybrid Storage | Backup & Recovery
Stage: Public
Mayfield
NAS
Panasas (1999, Sunnyvale, $148M)
High Performance hybrid NAS
Avidbank, Mohr Davidow Ventures, Northgate
Nasuni (2009, Natick, $145M)
NAS Filer | Enterprise Storage as a Service
Telstra Ventures, Sigma Prime Ventures, North
Bridge and 4 Other Investors
CTERA (2008, Petah Tikva, $100M)
Cloud storage enablement and sync
Red Dot Capital Partners, Benchmark, Bessemer
Venture Partners and 7 Other Investors
Panzura (2008, Campbell, $90M)
Global Cloud Storage System
Soonicorn. Stage: Series E
Matrix Partners, Meritech Capital Partners, Opus
NAS
Acopia Networks (2002, Lowell, $86M)
Intelligent file virtualization
Stage: Acquired
Meritech Capital Partners, Accel, Charles River
Isilon (2001, Seattle, $59.9M)
Scale-out Network Attached Storage (NAS)
Stage: Acquired
Focus Ventures, Sequoia Capital, Atlas Venture and
5 Other Investors
Spinnaker Networks (1999, Irvine, $51.4M)
Fiber Channel and ATA disk based NAS Solutions
Stage: Acquired
Norwest Venture Partners, Menlo Ventures, Mellon
Ventures
Crossroads (1996, Austin)
Data storage and protection solutions
Stage: Public
Techquity, Fortress Investment, Iron Mountain and
2 Other Investors

18
NAS
CrosStor Software (1990, South Plainfield)
Software for network attached storage
Stage: Acquired
Iomega (1980, San Diego)
NAS Storage Solutions
Stage: Acquired
U.S Venture Partners
SGI (1980, Fremont)
High-performance computing hardware
manufacturer
Stage: Acquired
Tennenbaum Capital Partners, Mayfield, InterWest
Thecus (2004, Taipei)
NAS, DAS and Network video recorder solutions
Stage: Acquired
SAN
Sanera (2000, Sunnyvale, $73.3M)
Enterprise storage networking solutions
Stage: Acquired
ArrowPath Venture Partners, Greylock Partners,
CMEA Capital and 5 Other Investors
Lefthand Networks (1999, Boulder, $50.5M)
SANs built around iSCSI (Internet Small Computer
System Interface)
Stage: Acquired
Boulder Ventures, Sequel Venture Partners, Garage
Technology Ventures and 12 Other Investors
Equallogic (2001, Nashua, $47M)
Storage are network systems
Stage: Acquired
Focus Ventures, Charles River Ventures, Sigma
SAN
Giganet (1994, Worcester, $41M)
iSCSI networking solutions
Stage: Acquired
HarbourVest Partners, Dolphin Communications,
H&Q Asia Pacific and 3 Other Investors
ConvergeNet Technologies (1997, San Jose,
$30M)
SAN management solutions
Stage: Acquired
Sierra Ventures, TeleSoft Partners, Berkeley VC
International
Compellent Technologies (2002, Eden
Prairie, $29.3M)
Enterprise Network Storage
Stage: Acquired
Nomura, El Dorado Ventures, Cargill and 4 Other
Investors

19
SAN
Gadzoox Networks (1996, San Jose, $16.4M)
Fibre channel switching technology for Storage
Area Networks (SAN)
Stage: Acquired
ONSET Ventures, New Enterprise Associates
Dot Hill (1984, Longmont, $8.8M)
SAN storage arrays and software
Stage: Acquired
Accusys (1996, Zhubei)
Manufacturer of compact shared storage workflow
controller and PCIe Storage
Stage: Public
McData (1982, Broomfield)
SAN switching solutions
Stage: Acquired
Norwest Venture Partners, Silverton Partners,
Austin Ventures
SAN
NuSpeed Internet Systems (2000, Maple
Grove)
Connects SAN and IP Networks
Stage: Acquired
Vesbridge Partners, Rally Ventures
Pathlight Technology (1995, Ithaca)
SAN Gateway and SAN router solutions
Stage: Acquired
Hudson Venture Partners, Huntington Ventures,
Rand Capital
QLogic (1994, Aliso Viejo)
Storage and Converged networking components
Stage: Acquired
Citadel, Western Technology Investment, Saints
Capital
Data Storage
File System
Gluster (2005, Sunnyvale, $12.5M)
Open source, software-defined storage
Stage: Acquired
Index Ventures, Nexus Venture Partners

20
Data Storage
Object Storage
Cloud Object Storage and Converged Infrastructure
provider
Digital, INCJ, NTT Docomo Ventures and 9 Other
Investors
Cloud Object Storage for enterprises
Forestay Capital, Ernesto Bertarelli, DVI Equity
Amazon Web Services (2006, Seattle)
Cloud computing and hosting platform from
Amazon
Unicorn. Stage: Unfunded
LeoNovus (2009, Sunnyvale)
Data storage and security solution provider
Minicorn. Stage: Public
Clarus Securities, Pinetree Capital
Datrium (2012, Sunnyvale, $170M)
IO processing & active data converging storage
device
Samsung Catalyst, Icon Ventures, New Enterprise
Associates and 1 Other Investors
Hyper-Converged Infrastructure
Hybrid secondary storage with insights and
analytics
Cisco Investments, Hewlett Packard Enterprise,
Sequoia Capital and 16 Other Investors
Nutanix (2009, San Jose, $340M)
Converged Compute and storage infrastructure
Goldman Sachs, Riverwood Capital, Morgan Stanley
SimpliVity (2009, Westborough, $276M)
Optimized IT Infrastructure Platform
Charles River Ventures, Meritech Capital Partners,
Accel and 8 Other Investors

21
Pivot3 (2003, Austin, $230M)
All flash hyper converged appliance
Soonicorn. Stage: Series G
S3 Ventures, InterWest Partners, Mesirow Financial
Scale Computing (2006, Indianapolis, $90.2M)
Hyperconverged infrastructure systems
Allos Ventures, Lenovo, ABS Capital and 12 Other
Investors
Skyport Systems (2013, Mountain View, $67M)
Computing infrastructure for enterprise
applications
GV, Thomvest Ventures, Northgate Capital and 5
Other Investors
Springpath (2012, Sunnyvale, $34M)
Distributed file system for hyperconvergence
Stage: Acquired
Cisco Investments, Sequoia Capital, Neotribe and 2
Other Investors
Scality (2010, San Francisco, $152M)
Software defined storage
Harbert Management, Hewlett Packard Enterprise,
BroadBand Tower and 10 Other Investors
Portworx (2014, Redwood City, $55.5M)
Tool for developers and IT Ops to run containerized
apps in on-premise or in the cloud
Soonicorn. Stage: Series C
Sapphire Ventures, Mubadala, Mayfield and 5 Other
Investors
Hedvig (2012, San Francisco, $52M)
Modern software-defined storage for rapidly
changing data, apps, and users
EDBI, Hewlett Packard Pathfinder, Atlantic Bridge

22
Lightbits Labs (2015, San Jose, $50M)
NVMe based SSD for low latency storage solution
Dell EMC, Walden International, Square Peg Capital
DataCore (1998, Lauderdale, $30M)
Software defined storage and storage virtualization
Insight Venture Partners, Updata, Partners For
Growth
InktankProtected Tweets (2012, Los
Angeles, $14.4M)
Scale-out storage software and distributed file
system
Stage: Acquired
FinTech Innovation Lab
Copy Data Management
Copy data virtualization
Unicorn. Stage: Series F
Crestline Investors, North Bridge, 83North and 9
Other Investors
Backup
Local
Zantaz (1996, Pleasanton, $94M)
Content archiving and e-discovery
Stage: Acquired
General Atlantic, Silicon Valley Bank, Finova Capital
Avamar (1999, Irvine, $40.3M)
Backup and Recovery Software
Stage: Acquired
Lightspeed Venture Partners, Ventures, Benchmark
PowerQuest (1993, Orem, $10M)
Data storage management and recovery software
Stage: Acquired
Cornerstone Capital, Peninsula Ventures, Grayhawk
Arcserve (1990, Minneapolis)
Backup and recovery for physical and virtual
environments
Soonicorn. Stage: Funded
Marlin Equity Partners

23
Backup
Local
BakBone Software (2000, San Diego)
Data protection software
Stage: Acquired
Innovative Capital Ventures, Tippet Venture Parters
Data Domain (2001, Santa Clara)
Backup, recovery and deduplication
Stage: Acquired
New Enterprise Associates, Sutter Hill Ventures
Legato (1988, Mountain View)
Unified Platform for Backup and Recovery Software
Stage: Acquired
Mayfield
Enabler - Cloud
Connected (1996, Boston, $23.5M)
Storage software for automated protection,
archiving and recovery of distributed data
Stage: Acquired
Intel, SoftBank Group, Granite Ventures and 5 Other
Investors
FalconStor (2000, Melville)
Data Migration and Disaster Recovery
Stage: Public
Hales Capital Partners, Herald Investment
Management, Rembrandt Venture Partners
Cloud
Backup & data loss prevention solution for
enterprises
Riverwood Capital, Nexus Venture Partners, Tenaya
Code42 (2001, Minneapolis, $138M)
Cloud based endpoint data protection, backup &
security solution
Accel, Split Rock Partners, New Enterprise
Associates and 3 Other Investors
Carbonite (2005, Boston, $66M)
Hybrid Backup and recovery for consumers and
small business
Soonicorn. Stage: Public
Barclays, Citizens Bank, RBC Capital Markets and
17 Other Investors

24
Backup
Cloud
Skydesk (1996, San Diego, $27M)
Online data backup services for the small
office/home office market
Stage: Acquired
Qualcomm Ventures, Hikari Tsushin, EMC and 3
Other Investors
Archivas (2004, Waltham, $12M)
Digital archiving solutions
Stage: Acquired
Polaris Partners, Solstice Capital, North Bridge
Smarsh (2001, Portland, $6.7M)
Archiving and compliance solution for companies in
regulated and litigious industries.
Stage: Acquired
Fallbrook Private Equity, Toba Capital
Dropsuite (2012, Singapore, $5M)
Back up products
Stage: Public
Hatcher, 500 Startups, Crystal Horse Investments
Cloud
iWeb (1996, Montreal, $4.3M)
Cloud hosting, server hosting and virtualization
Stage: Acquired
Goldman Sachs, Bank of Montreal, National Bank
Financial Wealth Management and 6 Other
Investors
Mozy (2005, Draper, $1.9M)
online Backup for personal and enterprise
customers
Stage: Acquired
EPIC Venture Fund
Iron Mountain (1951, Boston)
Online Backup and data protection services
Solstice Capital, Entree Capital, StarVest Partners
DataDepositBox (2002, Toronto)
Continous Backup and recovery platform
Stage: Public
Cloud
KeepItSafe (1995, Los Angeles)
Online backup and recovery
Stage: Acquired

25
Backup
Suite
De-duplicated storage based converged data
management platform
Unicorn. Stage: Series E
Bain Capital Ventures, Lightspeed Venture
Partners, Greylock Partners and 5 Other Investors
Backup Solutions for VMware and Hyper-V
Insight Venture Partners, CPP Investment Board,
ABRT Venture Fund and 1 Other Investors
StorageCraft (2003, Draper, $187M)
Backup solutions for Enterprise, OEM and small
businesses
TA Associates Management
Suite
Datto (2007, Norwalk, $100M)
Backup storage provider with NAS
TCV, General Catalyst Partners, Solar Capital and 1
Other Investors
Igneous Systems (2013, Seattle, $70M)
Backup and archiving solutions
WestRiver Group, Madrona Venture Group, New
Veritas (1989, Mountain View, $18.6M)
Information Mangagement & backup appliances
and software
Lok Capital, CDC Group, ACE and Company and 6
Other Investors
Suite
Commvault (1996, Middletown)
Enterprise Backup Software and appliance
Elliott Management, Credit Suisse, Van Wagoner

26
Storage Management
Storage Management
ClearSky Data (2014, Boston, $67.2M)
Storage lifecycle management
General Catalyst Partners, Highland Capital
Partners, Polaris Partners and 2 Other Investors
Mimosa Systems (2003, Santa Clara, $55.4M)
Enterprise Content Archiving
Stage: Acquired
August Capital, Clearstone Venture Partners, Dot
Edu Ventures and 7 Other Investors
Onaro (2002, Boston, $10M)
Storage Management Software for SAN and
appliances
Stage: Acquired
Cedar Fund, Newbury Ventures
IceWEB (1994, Sterling, $4M)
High performance unified storage appliances
Stage: Public
Storage Management
Seagate (1979, Scotts Valley)
NAS storage devices for enterprise
Jon Staenberg, Panorama Capital, TPG and 8 Other
Investors
3PAR (1999, Fremont)
Disk arrays and storage management software
Stage: Acquired
Western Technology Investment, Lake Street
Capital, Stratim Capital and 7 Other Investors
OTG Software (1997, Hopkinton)
Data Management solutions
Stage: Acquired
Updata, ABS Capital
Storage Clients
Overland Storage(1980, San Jose, $51.1M)
Data storage management
Stage: Public
Matrix Partners

27
Storage Management
Data Compression
Storwize (2004, Los Gatos, $30.9M)
Real-time Data Compression
Stage: Acquired
Bessemer Venture Partners, Sequoia Capital,
Lehman Brothers and 2 Other Investors
Outer Space Hosting
Outer Space Hosting
Space-based network infrastructure for cloud
service provider, enterprises and governments with
security

List of Notable Companies in Enterprise Storage in China
Notable Companies in the Sector in China
28
Enterprise Storage > Feed Summary > Notable Companies in the Sector in China
Public
Tongyou Technology
(2001, Beijing)
Unicorns
Jinshan Yun
(2012, Beijing, $1.4B)
Huawei
(1987, Shenzhen)

Recent News in Enterprise Storage Sector
Recent News
29
Enterprise Storage > Feed Summary > Recent News
May 2019
U.S. firm accuses Huawei of enlisting professor to obtain its tech,
Reuters
May 2019
VMware strengthens DC and edge with VMware Cloud on Dell EMC,
TechCentral Ireland
May 2019
Huawei Announces List of Phones That Will Get Android Q First,
Wccftech
May 2019
Orange, Huawei Complete Pilot Deployment of 400G Wavelength
WDM Link with AI-based Tools for O&M, The Fast Mode
May 2019 David Webster departs from Dell EMC, Reseller
May 2019
NHS Digital to make VMware available across the NHS on AWS,
Computing
May 2019
Legal Team for Huawei’s Meng Wanzhou Tells Court Her Arrest Was
‘Politically Motivated’, Caixin Global
May 2019
Mellanox Chooses WekaIO Matrix to Accelerate EDA Workload,
Business Wire
May 2019
All-Optical Networks Will Drive Innovation in Ultra-HD Video
Services, WebWire
May 2019 Orange pilots AI on DWDM network, Mobile Europe
May 2019
Huawei Atlas Gains Double Victories at Red Dot Design Award, PR
Newswire
May 2019
ExtraHop Joins AWS Consulting Partner Private Offer Program to
Deliver Enterprise Security in the Cloud, AiThority
Key Recent News Key Recent News
May 2019
Deadline Reminder: The Law Offices of Howard G. Smith Reminds
Investors of Looming Deadline in the Class Action Lawsuit Against
Nutanix, Inc., GlobeNewswire
May 2019
CCTV, China Mobile, Huawei test 4K live streaming on 5G dual-band
convergent network, Telecompaper
May 2019 AWS' new EC2 i3en instances boast more power and storage, ZDNet
May 2019
Huawei Atlas Gains Double Victories at Red Dot Design Award, PR
Newswire
May 2019
Huawei Makes First 5G hardware for Automotive Industry,
tiresandparts.net
May 2019
AWS to Help Louisiana Colleges Implement Cloud Computing
Education Program, ExecutiveBiz
May 2019
Huawei CFO's lawyers argue against US extradition request,
Telecompaper
May 2019
Huawei executive facing extradition appears in Canada court,
vir.com.vn
May 2019 AWS partners can also resell VMware Cloud on AWS, crn.com.au
May 2019
Nutanix Mine with Veeam Simplifies Secondary Storage, Business
Wire
May 2019
Huawei takes its crisis PR roadshow to the Big 5G Event, Fierce
Wireless
May 2019
Cohesity Acquires Imanis Data to Advance Data Protection for
NoSQL and Hadoop Workloads, Business Wire

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
30
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Medical Devices
Mar 2019
Database Technology
Mar 2019
InsurTech
Mar 2019

Investments ($M) and number of rounds in Enterprise Storage; 2012-2019
Global Funding Trends (1/2)
32
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Enterprise Storage > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 6% # of Rounds4% $ Funding
10% # of Rounds
3% $ Funding
$961M
$982M
$1.2B
$1.5B $1.4B
$889M
$1.1B
$1.2B
$2.3B
0
10
20
30
40
50
60
70
80
90
100
$0k
$500M
$1.B
$1.5B
$2.B
$2.5B
2012 2013 2014 2015 2016 2017 2018 2019*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds

14 14 13 11 5 13 10 2
42 32 30 26
21 21 23 8
30 26 27 19 17 18 14 6
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
86
16
Total # of Rounds
$18M $21M
$8M
$8M $6M $19M $11M $3M
$434M
$401M $272M
$678M
$226M $221M
$433M
$115M
$531M $749M
$1.2B
$691M $657M $851M $803M $843M
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
33
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Enterprise Storage; 2012-2019
Enterprise Storage > Investment Trends > Global Funding Trends
51
21
18
11
20
8
3
132
$9.6M
$10.4M
$0.0M
$5.0M
$10.0M
$15.0M
$20.0M
$25.0M
$30.0M
0
20
40
60
80
100
120
140
2013 2014 2015 2016 2017 2018 2019 YTD Total
Entrants in Funding Club Avg. Ticket Size
$9.6M $4.1M $12.6M $7.6M $7.5M $6.4M $24.8M $10.4M
$913M
$633M
$882M
$1.2B
$1.1B
$740M
$945M
$1.1B
$2.2B
17
0
5
10
15
20
25
0
500000000
1E+09
1.5E+09
2E+09
2.5E+09
2012 2013 2014 2015 2016 2017 2018 2019 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
22 21 21 18 16 19 17 7
$982M
$961M
Total $ Invested

Enterprise Storage > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Enterprise Storage
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 7.1B 353
Waltham 624M 12
Baar 500M 2
Seattle 383M 25
Austin 372M 33
Westborough 346M 11
Longmont 295M 18
Boston 290M 22
Herzliya 286M 18
San Diego 240M 28
Total Funding
104
52
45
14
8
4
1
# Rounds
$12.8B
$816M
$804M
$179M
$14.5M
$13.7M
$1.4M
US
Europe
Israel
Canada
SEA
India
Japan
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$1.5 $1.6
$0.9 $0.9
$1.2
$1.9 $1.8
2012 2013 2014 2015 2016 2017 2018
Enterprise Storage > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Enterprise Storage; 2012-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$10K* $10M
$39.5K $52.5M
$18.8K $150M
$39.5K $500M
$25M
$15M
$6.2M
$796K
Series C+
Series B
Series A
Seed
Stage
$13.7 $13.6 $15.5
$42.2
$18.0 $21.3
$25.7
$17.7
$34.0
$49.4
$40.7 $43.8 $50.1
$61.8
$9.3
$13.1
$9.1 $7.2 $7.5 $9.0 $7.2

Note: 133 companies with undisclosed funding amount are not included
36
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
22
73
119
61
39
No. of Companies
Enterprise Storage > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Enterprise Storage; as of May 2019
Distribution of companies by Funding Range
$9M
$336M
$2.9B
$4.1B
$8B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
48%
32%
23%
14%
37
Note: Numbers in the brackets show the count of companies
Time to raise
next round
125
209
285
434
898
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
48% 14%
(129)
12%
(112)
- 7%
(65)
44%
(399)
66% 28%
(122)
24%
(106)
- 8%
(34)
26%
(115)
73% 28%
(80)
18%
(51)
- 6%
(18)
20%
(58)
60% 34%
(71)
20%
(41)
- 6%
(13)
34%
(71)
- 46%
(57)
26%
(33)
- 7%
(9)
34%
(42)
Enterprise Storage > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Enterprise Storage
Funding Funnel
20 Months
19 Months
19 Months
Investment backedBootstrapped
36
21
191
49
36
3
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Enterprise Storage > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Enterprise Storage; May 2017-May 2019
Notable Investments in last 24 months (1/6)
LATE STAGE
$500M - Series C Jan 2019
Insight Venture Partners, CPP Investment Board
$261M - Series E Jan 2019
management platform
Bain Capital Ventures, Lightspeed Venture Partners,
Greylock Partners, Khosla Ventures, IVP
$250M - Series D Jun 2018
Hybrid secondary storage with insights and
analytics
Cisco Investments, Hewlett Packard Enterprise,
Sequoia Capital, Morgan Stanley, Trinity Ventures,
Battery Ventures, SoftBank Vision Fund
LATE STAGE
$100M - Series F Aug 2018
Copy data virtualization
Crestline Investors, North Bridge, 83North,
Advanced Technology Ventures, Heritage Group,
Andreessen Horowitz
$95M - Series C Oct 2017
Low-cost hybrid storage provider
TPG, Goldman Sachs Investment Partners
$94M - Series E Aug 2018
Cloud Object Storage and Converged Infrastructure
provider
Digital, INCJ, NTT Docomo Ventures, Eight Roads
Ventures, Goldman Sachs Investment Partners
LATE STAGE
$93M - Series D Jun 2018
Qumulo (2012, Seattle, $230M)
hybrid scale-out NAS
BlackRock, Goldman Sachs, Highland Capital
Partners, Madrona Venture Group, Valhalla
Partners, Western Digital Capital, Kleiner Perkins
$80M - Series F Aug 2017
Backup & data loss prevention solution for
enterprises
Riverwood Capital, Nexus Venture Partners, Tenaya
Capital, Sequoia Capital
$67.2M - Series G Aug 2017
Pivot3 (2003, Austin, $230M)
All flash hyper converged appliance
S3 Ventures
$60M - Series E Apr 2018
Harbert Management

LATE STAGE
$60M - Series D Sep 2018
Datrium (2012, Sunnyvale, $170M)
IO processing & active data converging storage
device
Samsung Catalyst, Icon Ventures, New Enterprise
Associates, Lightspeed Venture Partners
$38M - Series F Sep 2017
Goldman Sachs
$30M - Series D Oct 2018
CTERA (2008, Petah Tikva, $100M)
Cloud storage enablement and sync
Red Dot Capital Partners, Benchmark, Bessemer
Venture Partners, Venrock, Viola Group, Vintage
Investment Partners, Singtel Innov8, Cisco
Investments
LATE STAGE
$29.7M - Series F Apr 2018
(CNTs)
Schlumberger, Dell, Cisco Investments, Kingston,
China Fortune-Tech Capital
$27M - Series C Mar 2019
Sapphire Ventures, Mubadala, Mayfield, General
Electric, NetApp, Cisco Investments, Hewlett
Packard Enterprise
$25.9M - Series C Mar 2019
Enterprise Associates, Vulcan Capital, Redpoint
Ventures
LATE STAGE
$25M - Series F Oct 2018
Western Digital Capital
$25M - Series F Feb 2019
Telstra Ventures, Sigma Prime Ventures, North
Bridge, Flybridge Capital Partners, Goldman Sachs
$23M - Series D Oct 2018
CNEX Labs (2013, San Jose, $90M)
NVMe Controller for SSDs with PCIe
Dell Technologies, M12, Sierra Ventures, Walden
Venture Capital, Brightstone Venture Capital
$21.2M - Series F Oct 2018
Scale Computing (2006, Indianapolis, $90.2M)
Hyperconverged infrastructure systems
Allos Ventures, Lenovo

LATE STAGE
$20M - Series D Dec 2017
Nexenta (2005, Santa Clara, $68.9M)
Software-Defined Storage
SoftBank Group, Javelin Venture Partners, Tarkan
Maner
$20M - Series C Aug 2017
Primary Data (2013, Los Altos, $143M)
Software for Data Center Evolution
Pelion Venture Partners, Accel, Battery Ventures
$18.6M - PE Dec 2017
Information Mangagement & backup appliances and
software
Lok Capital, CDC Group
$15.4M - Series D Nov 2018
$14.5M - Series D Oct 2017
LATE STAGE
$4M - Series F Jan 2019
Panasas (1999, Sunnyvale, $148M)
High Performance hybrid NAS
$2M - Series F Oct 2018
(CNTs)
Series F Apr 2018
Crocus Technology (2004, Santa Clara, $194M)
Magnetic technology based Sensor & RAM developer
EARLY STAGE
$100M - Series B Dec 2018
Space-based network infrastructure for cloud
service provider, enterprises and governments with
security
$68M - Series B Sep 2018
Cloud Object Storage for enterprises
Forestay Capital, Ernesto Bertarelli, DVI Equity
Partners
$54M - Series B Sep 2017
applications
Mayfield, Intel Capital, Lightspeed Venture Partners,
Redline Capital Management
$52M - Series B Nov 2018
Spin Memory (2011, Fremont, $88M)
Provider of MRAM based storage solution
Allied Minds, Woodford Investment Management,
Invesco, Applied Materials, Arm

EARLY STAGE
$50M - Series B Mar 2019
Dell EMC, Walden International, Square Peg Capital,
Micron, Cisco Investments
StrongBox Data Solutions (2016, Austin,
$27M)
Storage management and archive solutions
Fonds de solidarite FTQ, Partner One Software
$25M - Series B Aug 2018
Zadara (2011, Irvine, $60M)
Data storage and management solution
Industrial Growth Partners
ScaleFlux (2014, San Jose, $44.3M)
NAND flash based storage solutions - stealth mode
Shunwei Capital
EARLY STAGE
$24.5M - Series A Apr 2019
MemVerge (2017, San Jose, $24.5M)
Hyper-converged infrastructure solution
Gaorong Capital, Jerusalem Venture Partners, LDV
Partners, Lightspeed Venture Partners, Northern
Light Venture Capital, Banyan Ventures
General Catalyst Partners, Highland Capital Partners,
Polaris Partners, Pear Tree Funds
$20M - Series A Sep 2017
Minio (2014, San Francisco, $23.3M)
Open source multi-cloud distributed object storage
server
Dell Technologies, General Catalyst Partners, Nexus
Venture Partners, Intel Capital, AME Cloud Ventures
EARLY STAGE
$20M - Series A Nov 2017
NVXL Technology (2015, Fremont, $20M)
non-volatile SSD storage or compute acceleration
platform
Alibaba Group
$17.3M - Series B Oct 2018
$17M - Series B Aug 2018
Robin Systems (2013, Milpitas, $39M)
Provides high performance operating
infrastructures for Big data technologies.
USAA, Hasso Plattner Ventures, Clear Ventures, DN
Capital
Virtual Power Systems (2012, Santa Clara,
$35.8M)
Software defined data center for power delivery
CUI Global

EARLY STAGE
$15M - Series B Jan 2018
Vulcan Capital, New Enterprise Associates, Madrona
Venture Group, Redpoint Ventures
$15M - Series A Mar 2019
RackTop Systems (2010, Fulton, $17.5M)
Data Storage and Management Solution
Razor's Edge Management, Grotech Ventures,
Maryland Venture Fund, Blu Venture Investors, Gula
Tech Adventures
$12.4M - Series B Feb 2018
NGD Systems (2013, Irvine, $26M)
SSD storage solutions
Orange Digital Ventures, Benhamou Global Ventures,
Alcor Micro Corporation, Partech
$10.6M - Series A Sep 2018
Burlywood (2015, Longmont, $15.5M)
Flash storage solution for All-Flash data center
John Scarano, Michael Jones, Acadia Woods
EARLY STAGE
$10M - Series A Jun 2017
Stor Reduce (2014, Sunnyvale, $10.3M)
Deduplication software for on-premises backups to
cloud
Jelix
$8.2M - Series B Oct 2018
$7.7M - Series A Mar 2019
Trilio Data (2013, Framingham, $7.7M)
Data protection solutions for applications on
VMware and OpenStack
.406 Ventures
$2.1M - Series A Dec 2018
PetaGene (2015, Cambridge, $3.2M)
Software for genetic data storage, transfer and
remote access
Romulus Capital, Entrepreneur First
EARLY STAGE
Series B Aug 2018
Excelero (2014, Santa Clara, $35M)
Scale-out block storage
Western Digital, Western Digital Capital
Series B Nov 2017
Qualcomm Ventures
Series A Mar 2019
Dathena (2016, Singapore)
Digital solution for enterprise data classification
CerraCap Ventures

SEED STAGE
$2.6M - Seed Jun 2017
$2M - Seed Dec 2017
$1.5M - Seed Jan 2019
Spinbackup (2013, Wilmington, $2M)
Cloud to Cloud Backup and Disaster Recovery for
Google Apps for organisations and users.
bValue, TMT Investments
$500k - Seed Sep 2017
Spinbackup (2013, Wilmington, $2M)
Cloud to Cloud Backup and Disaster Recovery for
Google Apps for organisations and users.
AVentures Capital
$413k - Seed Jun 2018
SEED STAGE
$220k - Seed Jun 2017
RackTop Systems (2010, Fulton, $17.5M)
Data Storage and Management Solution
Angel Oct 2018
management platform
John Chambers
Seed Oct 2017
PetaGene (2015, Cambridge, $3.2M)
Software for genetic data storage, transfer and
remote access
Romulus Capital
Seed Nov 2018
CerraCap Ventures
Seed Sep 2018
Thales Digital Factory
SEED STAGE
Seed Jun 2018

Enterprise Storage > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$720M - Series D Jan 2018
Jinshan Yun (2012, Beijing, $1.4B)
Online platform providing cloud storage and
$300M - Series D Dec 2017
CMIG, Kingsoft Network Technology
$220M - Series D Jan 2018
FOREBRIGHT CAPITAL, Kingsoft Network
Technology
$151M - Series E Aug 2017
Qiniu (2011, Shanghai, $251M)
Cloud based storage solutions provider
Alibaba Group, Yunfeng Capital
LATE STAGE
$47.1M - Series C May 2018
EasyStack (2013, Beijing, $115M)
OpenStack solution and service provider
$37.9M - Series C Apr 2018
XSKY (2015, Beijing, $66.2M)
Open source distributed and cloud based system
storage solutions
New Enterprise Associates, Qiming Venture
Partners, Northern Light Venture Capital
Series C Aug 2018
EasyStack (2013, Beijing, $115M)
OpenStack solution and service provider
JD Cloud, JD.com

Most Active Investors (VC, PE) by Stage in Enterprise Storage; Last 5 years (May 2014-May 2019)
Most Active VC & PE Investors
45
Enterprise Storage > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Accel
PrimaryIO
1
Index Ventures
Minio
2
Bain Capital Ventures
Lucidlink
3
General Catalyst Partners
Minio
4
Khosla Ventures
Datera
5
Partech
PrimaryIO
6
Sunstone
Skylable
7
AME Cloud Ventures
Minio
8
CRCM Venture
ScaleFlux
9
CapDecisif Management
Ugloo
10
EARLY STAGE
Intel Capital(7 Investments)
Skyport Systems, Vexata, Maxta
1
Lightspeed Venture Partners (5
Investments)
Rubrik, Vexata, MemVerge
2
Western Digital Capital(4 Investments)
Everspin, Elastifile, Excelero
3
Battery Ventures(3 Investments)
Cohesity, Excelero, Plexistor
4
Mayfield(3 Investments)
Formation Data, Portworx, Vexata
5
Qualcomm Ventures (3 Investments)
Cohesity, Excelero, Weka.IO
6
Cisco Investments(3 Investments)
Elastifile, Lightbits Labs, Datos
7
PV Ventures(3 Investments)
Infinite io, Infinite, X-IO
8
New Enterprise Associates(2 Investments)
Code42, Igneous Systems
9
Kleiner Perkins(2 Investments)
Qumulo, Pavilion Data
10
LATE STAGE
Cisco Investments(5 Investments)
Cohesity, Nantero, Skyport Systems
1
Western Digital Capital(5 Investments)
Kaminario, Qumulo, Avere
2
IVP (2 Investments)
Rubrik, Zerto
3
EDBI (2 Investments)
Druva, Hedvig
4
Goldman Sachs Investment Partners
(2 Investments)
Infinidat, Cloudian
5
Hewlett Packard Pathfinder (2
Investments)
Coho Data, Hedvig
6
Tyche Partners (2 Investments)
Qumulo, Crossbar
7
Bessemer Venture Partners
CTERA
8
Accel
DataGravity
9
Intel Capital
Coho Data
10

Enterprise Storage > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Enterprise Storage; Last 5 years (May 2014-May 2019)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Jerusalem Venture Partners(2
Investments)
MemVerge, NooBaa
1
Y Combinator
hypCloud
2
NTT Docomo Ventures
Cloudian
3
Entrepreneur First
PetaGene
4
Startup Wise Guys
BitCalm
5
Innovation Bay
Stor Reduce
6
SK Telecom Americas Innopartners
BayStorage Technolgy
7
Thales Digital Factory
Dathena
8
OTHER NOTABLE INVESTORS
TriplePoint Capital(7 Investments)
Nutanix, Tintri, Qumulo
1
Dell Technologies(6 Investments)
CNEX Labs, Nexenta, Elastifile
2
Credit Suisse(3 Investments)
IBRIX, Commvault, Seagate
3
NSF(3 Investments)
NGD Systems, NxGn Data, Codelucida
4
Hewlett Packard Enterprise(3
Investments)
Cohesity, Scality, Portworx
5
Goldman Sachs(2 Investments)
Qumulo, Nasuni
6
Tech Coast Angels(2 Investments)
Enmotus, Codelucida
7
Square 1 Bank(2 Investments)
Formation Data, Datera
8
Seagate(2 Investments)
Reduxio, X-IO
9
Akamai(2 Investments)
ClearSky Data, NooBaa
10
DEBT INVESTORS
Western Technology Investment(17
Investments)
Aristos Logic, Ciphermax, Polyserve
1
Kreos Capital(5 Investments)
Kaminario, Crocus Technology, Reduxio
2
Hercules Capital(5 Investments)
Actifio, Druva, OCZ Storage Solutions
3
Eastward Capital Partners(3 Investments)
SimpliVity, Nasuni, X-IO
4
Leader Ventures(3 Investments)
Kaminario, Nishan Systems, Mimosa Systems
5
Silicon Valley Bank(2 Investments)
Kaminario, NGD Systems
6
TPG(2 Investments)
Infinidat, Seagate
7
Ares Capital Corporation(2 Investments)
Everspin, Sonian
8
Capital Finance Group(2 Investments)
Zantaz, IBackup
9
BlackRock
Qumulo
10

Enterprise Storage > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/9)

Enterprise Storage > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
57
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Database Technology
Mar 2019
PaaS
Mar 2019
DevOps
Mar 2019

Marketmap: Enterprise Storage Enterprise Storage > Market Details > BlueBox
59

Key Sub Sectors (1/2)
60
Key Sub Sectors in Enterprise Storage
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Storage Media
Companies that design and manufacture data storage devices
Microsemi (1959, Aliso Viejo, Acquired)
Pure Storage (2009, Mountain View, Public)
149 94 $4.7B
Backup
Companies that provide hardware or software products that enable backing up of data
Commvault (1996, Middletown, Public)
381 103 $3B
Companies that provide products for storage architecture
Panzura (2008, Campbell, $90M)
141 90 $2.9B
Companies that provide products for consolidation, centralization of IT resources, further
getting best out of virtualized environments.
Nutanix (2009, San Jose, Public)
39 27 $1.9B
Companies that provide data storage technologies which separate storage hardware from the
software that manages the storage infrastructure.
Weka.IO (2014, Tel Aviv, $32M)
46 34 $996M
Storage Management
Companies that provide management solutions that help organizing and maximize or improve
the performance of the data storage resources
Seagate (1979, Scotts Valley, Public)
70 40 $770M
Data Storage
Companies that provide products for addressing and manipulating data storage
Amazon Web Services (2006, Seattle)
44 28 $666M
Companies that provide products for discovering, optimizing and automating the Elimination
of unnecessary duplication of data
TransferSoft (2014, Culver City, $3M)
6 3 $310M
Server-Side Caching
Companies that provide products for server side caching which involves the activity of
caching 'hot' data on the server, rather than pushing it to sto...
PernixData (2012, San Jose, Acquired)
Gear6 (2006, Mountain View, Acquired)
10 9 $137M
Enterprise Storage > Market Details > Key Sub Sectors

Key Sub Sectors (2/2)
61
Key Sub Sectors in Enterprise Storage
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Outer Space Hosting
Companies that provide storage products which are hosted in outer space
OFFPARSE (2016)
3 1 $105M
Enterprise Storage > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/4)
62
Enterprise Storage > Market Details > Detailed Sector Taxonomy

63

64

65

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+1)
Backup > Suite
Companies that provide backup products and services which include local, cloud based backup services
(Companies covered 49 | Funded 15 | Total Funding $1.5B)
$834M
(+$264M)
8
(-1)
Veeam
(2006, Baar, $500M)
2
(-1)
Companies that provide data storage technologies which separate storage hardware from the software
that manages the storage infrastructure.
(Companies covered 46 | Funded 34 | Total Funding $996M)
$242M
(-$12.7M)
14
(-1)
Scality
3
(+3)
Storage Media > All Flash Arrays
Companies that provide flash array system that contains multiple flash memory drives instead of
spinning hard disk drives.
$164M
(-$51.3M)
10
(+5)
Vexata
(2014, San Jose, $54M)
4
(+1)
Converged Infrastructure > Hyper-Converged Infrastructure
Companies that provide products for consolidation, centralization of IT resources by implementing
software-defined storage features
$395M
(+$214M)
6
(-1)
Cohesity
(2013, Santa Clara, $410M)
5
(-1)
Data Storage > Object Storage
Companies that provide products that offer object-based data storage
$190M
(+$119M)
6
(-5)
Cloudian
(2011, Foster City, $176M)
6
(+1)
Storage Media > Hybrid Storage
Companies that provide hybrid drives which are a combination of NAND based flash SSDs with hard
disk (HDD) technology.
$202M
(+$3.4M)
5
(-1)
Infinidat
(2011, Waltham, $325M)
7
(+4)
Storage Architecture > NAS > Controller
Companies that provide products for managing disk drives
$101M
(+$65.8M)
5
(+1)
Nasuni
(2009, Natick, $145M)
66
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Enterprise Storage in last 2 years (May 2017 - April 2019)
Enterprise Storage > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Enterprise Storage > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Storage Media > All Flash Arrays
Companies that provide flash array system that contains multiple flash memory drives instead of spinning
hard disk drives.
(Companies created 30 | Funded 20 | Total Funding $1.6B )
1 Vexata (2014, San Jose, $54M)
2
Converged Infrastructure > Hyper-Converged Infrastructure
Companies that provide products for consolidation, centralization of IT resources by implementing
software-defined storage features
(Companies created 15 | Funded 11 | Total Funding $1.5B )
1 MemVerge (2017, San Jose, $24.5M)
3
Storage Management
Companies that provide management solutions that help organizing and maximize or improve the
performance of the data storage resources
(Companies created 46 | Funded 31 | Total Funding $650M )
1 ClearSky Data (2014, Boston, $67.2M)
4
Data Storage > Object Storage
Companies that provide products that offer object-based data storage
(Companies created 26 | Funded 15 | Total Funding $443M )
1 Minio (2014, San Francisco, $23.3M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
68
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (May 2017 - April 2019)
Enterprise Storage > Market Details > Top Markets of Early Stage Investors

Incubators
Seed
Series A/B
Lightspeed Venture Partners (#2), New Enterprise
Associates (#1)
Series C+ Khosla Ventures (#1), IVP (#1)
Imanis Data May - 2019
Acq by Cohesity
Veritas Sep - 2018
Acq by La Francaise
Datos Feb - 2018
Acq by Rubrik
Datto Dec - 2017
Acq by Vista Equity Partners
Zetta Jul - 2017
Acq by Arcserve
$25.9M - Series C
Igneous Systems (2013, Seattle,
$70M)
$500M - Series C
$261M - Series E
Angel
$13.5M - Series B
Imanis Data (2013, San Jose, $30M)
$15M - Series B
Igneous Systems (2013, Seattle,
$70M)
$18.6M - PE
May 2019
Nutanix Mine with Veeam Simplifies Secondary Storage,
Business Wire
May 2019
Datto Hires Akamai Veteran Sanjay Singh as Chief Sales
Officer, ChannelE2E
May 2019
Allocadia Connect Creating ROI Insights for Global
Enterprises, GlobeNewswire
May 2019
Innovative Technology Solutions, Inc. Achieves Blue Partner
Status With Datto, Newswire
May 2019
Veritas acquires APTARE to enhance analytics, reporting,
protection of enterprise data, ITWeb
May 2019
Rubrik Appoints Former Cisco Executive Wendy Bahr as
Chief Commercial Officer, PR Newswire
Apr 2019
ExaGrid Announces ExaGrid Backup with Veeam for Backup
and Cloud Data Management, Business Wire India
Apr 2019
CommVault Systems misses by $0.02, misses on revenue,
Seeking Alpha
Apr 2019
Commvault and Jeddah University sign collaboration
agreement, ITP
Apr 2019
Datto Celebrates New York Growth and New Office in East
Greenbush, PRWeb
Apr 2019
Vita Group swaps out Commvault back-up storage for
Cohesity, ARN
Mar 2019
Rubrik Announces Iris as an Authorized Value Added
Distributor for Cloud, Database, and Operating System
Services, Dataquest
Mar 2019
Bioverativ Protects Vital R&D Data with Rubrik and
Microsoft Azure, BioSpace
News
6
7
10
15
49
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Backup > Suite: Market Factsheet
69
Exits
Recent InvestmentsCompanies that provide backup
products and services which
include local, cloud based backup
services
Veeam
(2006, Baar, $500M)
Commvault
(1996, Middletown)
Veritas
(1989, Mountain View, $18.6M)
Rubrik
(2014, Palo Alto, $553M)
Datto
(2007, Norwalk, $100M)
Top Companies
#1 Top Markets of Investment Activity
Enterprise Storage > Market Details > Market: Suite
Companies Created 49 | Funded 15 | Total Funding $1.5B
0
5
10
$0k
$100M
$200M
$300M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Suite

Backup > Suite: Top Companies
Market: Suite
Analyst’s Pick
management platform
Unicorn. Stage: Series E
Bain Capital Ventures, Lightspeed Venture
Partners, Greylock Partners and 5 Other Investors
Insight Venture Partners, CPP Investment Board,
ABRT Venture Fund, Trend Forward Capital
Management
StorageCraft (2003, Draper, $187M)
Backup solutions for Enterprise, OEM and small
businesses
TA Associates Management
Datto (2007, Norwalk, $100M)
Backup storage provider with NAS
TCV, General Catalyst Partners, Solar Capital, M33
Growth
Analyst’s Pick
Information Mangagement & backup appliances
and software
Lok Capital, CDC Group, ACE and Company and 6
Other Investors
Commvault (1996, Middletown)
Enterprise Backup Software and appliance
Elliott Management, Credit Suisse, Van Wagoner
Ventures, Saints Capital

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
71
Backup > Suite: Leaderboard
Better than Market Average
Market: Suite
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Veeam 2006 Baar Series C $500M 2 - - - - 47.8k - - 163 - - 1.6k 3%
4.1
Igneous
Systems
2013 Seattle Series C $70M 4 - - - 4 492 - - 12 - - 31 7%
4.1 StorageCraft 2003 Draper Funded $187M 1 - - - - 7.9k - - 30 - - 67 1%
4.0 Imanis Data 2013 San Jose Acquired $30M 2 4 - - 4 604 - - 11 - - 58 11%
3.8 Datto 2007 Norwalk Acquired $100M 3 - 5 - - 4 10k 69 48 6 10% - -
3.7 Rubrik 2014 Palo Alto Series E $553M 6 5 - - - - - - 87 - - - -
3.6 Veritas 1989
Mountain
View
Acquired $18.6M 4 - 4 - - - 37k 462 93 4 1% - -
3.5 Commvault 1996
Middletow
n
Public - 1 3 5 - - 71.4k 10k 88 147 5 6% -1047 -1%
3.5 Datos 2014 San Jose Acquired $15.3M 3 - - - 5 - - - 20 - - - -
3.3 Cobalt IRON 2012 Lawrence Seed $1.5M 1 - - - - 230 - - 12 - - 10 5%
3.2 Zetta 2007 Sunnyvale Acquired $45.3M 6 - - - - - - - 8 - - - -
3.0 Quorum 2008 Eugene Series A $11M 1 - - - 4 15.2k - - 5 - - -200 -1%
2.2 Aparavi 2016
Santa
Monica
Unfunded - - - - - 3 435 - - 19 - - 322 285%
1.7
Alliance
Storage
Technologies
2003
Colorado
Springs
Unfunded - - - - - 4 28 - - 4 - - 1 4%

Incubators Jerusalem Venture Partners (#1)
Seed Khosla Ventures (#1), Idinvest Partners (#1)
Series A/B Cisco Investments (#2), Lightspeed Venture Partners (#3)
Series C+ Hewlett Packard Enterprise (#2), Menlo Ventures (#1)
HTBase Nov - 2018
Acq by Juniper Networks
Atlantis Computing Jul - 2017
Acq by Hive-IO
Plexistor May - 2017
Acq by NetApp for $20M
Mpstor Oct - 2016
Acq by Sanmina for $40M
Sanbolic Jan - 2015
Acq by Citrix
Active Circle Aug - 2014
Acq by Oodrive
$27M - Series C
Portworx (2014, Redwood City,
$55.5M)
$17M - Series B
Virtual Power Systems (2012, Santa
Clara, $35.8M)
$50M - Series B
Series B
HiveIO (2015, New York City)
$25M - Series B
Zadara (2011, Irvine, $60M)
Series B
May 2019
Mellanox Chooses WekaIO Matrix to Accelerate EDA
Workload, Business Wire
May 2019
Portworx Operator Achieves Red Hat OpenShift Operator
Certification, DEVOPSdigest
Apr 2019
SoftIron Releases High-Performance, Hybrid Ceph Appliance,
PR Newswire
Apr 2019
Lifeboat Adds Pioneering Enterprise Storage-As-A-Service
Offerings from Zadara, PRWeb
Apr 2019
StorPool CEO: “Low Latency Is The Most Important Metric of
a Storage System”, HostingJournalist
Apr 2019
Google boosts enterprise cloud storage with Elastifile
service, SiliconAngle
Apr 2019
DataCore Cuts Downtime and Delivers High Performance
and Cost-Effective Storage for SAP HANA® Applications,
Latest Software Testing News
Mar 2019
SoftIron bows storage router for enterpises using Ceph,
Fierce Telecom
Mar 2019
Premium MSP infrastructure offered by VMhosts through
Vesper's new Intel® and DataCore™ All Flash Appliance,
RealWire
Mar 2019
Lightbits Labs raises $50 million for software-defined
‘disaggregated’ server technology, VentureBeat
Mar 2019
Quobyte Showcases How to Get out of ML Workloads at
NVIDIA’s GTC, AiThority
Feb 2019
Arizona Schools Lean on HiveIO for Virtual Infrastructure,
RTInsights
News
8
8
27
34
46
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Software Defined Storage: Market Factsheet
72
Exits
Recent InvestmentsCompanies that provide data
storage technologies which
separate storage hardware from
the software that manages the
storage infrastructure.
Scality
Weka.IO
(2014, Tel Aviv, $32M)
Portworx
(2014, Redwood City, $55.5M)
DataCore
(1998, Lauderdale, $30M)
Excelero
(2014, Santa Clara, $35M)
Top Companies
Enterprise Storage > Market Details > Market: Software Defined Storage
Companies Created 46 | Funded 34 | Total Funding $996M
0
5
10
15
$0k
$100M
$200M
$300M
2014 2015 2016 2017 2018
Market: Software Defined Storage

Software Defined Storage: Top Companies
Analyst’s Pick
Harbert Management, Hewlett Packard Enterprise,
BroadBand Tower and 10 Other Investors
Sapphire Ventures, Mubadala, Mayfield and 5 Other
Investors
Hedvig (2012, San Francisco, $52M)
Modern software-defined storage for rapidly
changing data, apps, and users
EDBI, Hewlett Packard Pathfinder, Atlantic Bridge
Dell EMC, Walden International, Square Peg Capital
Analyst’s Pick
Virtual Power Systems (2012, Santa Clara,
$35.8M)
Software defined data center for power delivery
Minicorn. Stage: Series B
CUI Global, Exfinity Venture Partners, Dolby Family
Western Digital, Western Digital Capital, Qualcomm
Weka.IO (2014, Tel Aviv, $32M)
Software defined storage startup
Qualcomm Ventures, Gemini Israel Ventures,
Norwest Venture Partners, Walden Riverwood
Ventures
DataCore (1998, Lauderdale, $30M)
Software defined storage and storage virtualization
Insight Venture Partners, Updata, Partners For
Growth
Analyst’s Pick
CloudByte (2010, Bangalore, $6.1M)
Storage solution for Cloud Service Providers
Nexus Venture Partners, Kae Capital, Eight Roads
Ventures, EVO Venture Partners
OpenSDS (2018, San Francisco)
Software-defined storage
Editor's Pick. Stage: Unfunded

74
Software Defined Storage: Leaderboard
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Portworx 2014
Redwood
City
Series C $55.5M 3 5 - - - 2.1k - - 23 - - 555 38%
4.4 Maxta 2009 Sunnyvale Series B $45M 3 - - - - 2k - - 14 - - 13 1%
4.2 Hedvig 2012
San
Francisco
Series C $52M 3 3 - - 5 3.2k - - 3 - - 12 -
4.2 Zadara 2011 Irvine Series B $60M 1 4 - - 4 2.3k - - 6 - - - -
4.2 Scality 2010
San
Francisco
Series E $152M 7 - - - - 7.8k - - 42 - - -21 -
3.9 SoftIron 2012 London Series A $7M 1 - - - 4 - - - 9 - - 247
-
100%
3.8 Nexenta 2005 Santa Clara Series D $68.9M 6 - - - - 6.9k - - 18 - - -37 -1%
3.8 Excelero 2014 Santa Clara Series B $35M 3 5 - - - - - - 19 - - - -
3.7 DataCore 1998 Lauderdale Series C $30M 1 4 - - 4 11.5k - - 21 - - -133 -1%
3.7 StorPool 2011 Sofia Series A $250k 2 - - - - 424 - - 7 - - 33 8%
3.6 Elastifile 2013 Herzliya Series B $65M 4 - - - - - - - 26 - - - -
3.6 HTBase 2012 Toronto Acquired - 1 - - - - 167 - - 4 - - 22 15%
3.5 Quobyte 2014 Berlin Series A - 1 - - - - 363 - - 13 - - 17 5%
3.5
Virtual
Power
Systems
2012 Santa Clara Series B $35.8M 6 - - - - - - - 13 - - - -

Incubators Jerusalem Venture Partners (#1)
Seed Valhalla Partners (#1), Novak Biddle Venture Partners (#1)
Series A/B
Lightspeed Venture Partners (#3), New Enterprise
Associates (#3)
Series C+ Samsung Venture Investment (#2), Silicon Valley Bank (#2)
Tintri Jun - 2017
IPO'd on NASDAQ
SolidFire Feb - 2016
Acq by NetApp for $870M
Pure Storage Oct - 2015
IPO'd on NYSE
Graphite Systems Sep - 2015
Acq by EMC
Skyera Dec - 2014
Acq by HGST
DSSD May - 2014
Acq by EMC
Whiptail Sep - 2013
Acq by Cisco for $415M
$17.3M - Series B
$25M - Series F
Kaminario (2008, Yokneam Illit,
$243M)
$10.6M - Series A
$413k - Seed
$25M - Series B
$2M - Seed
Apr 2019
Pure Storage Helps Customers Go Modern with Expanded,
Unified Storage-as-a-Service Subscription Across Hybrid
Cloud Environments, PR Newswire
Apr 2019 Mubadala firm picks Pure Storage data solution, Trade Arabia
Apr 2019 Pure Storage to buy Compuverde, ITP
Mar 2019
Pure Storage Offers Support to Expand the Boys & Girls Club
of Hawaii (BGCH) Kauai, Newswire
Mar 2019
Pure Storage unveils NVIDIA-powered solutions for full
spectrum of AI initiatives, ITWeb
Mar 2019
Violin Systems’ ‘Partner First’ 100% Channel Program for
Extreme Performance Storage Growth, Business Wire
Feb 2019
Pure Storage Announces Fourth Quarter and Full Year Fiscal
2019 Financial Results, Seeking Alpha
Feb 2019
Rackspace Collaborates With Pure For Ultra-Fast Block
Storage solution, Storage Review
Feb 2019
Report: Developing Opportunities within Pure Storage,
Flowers Foods, Cognex, CASI Pharmaceuticals, Ellie Mae, and
Douglas Emmett — Future Expectations, Projections Moving
into 2019, GlobeNewswire
Feb 2019
Pure Storage wants to replace tape with cloud and flash for
data backup and recovery, SiliconAngle
Feb 2019
Matthew Oostveen assumes APJ CTO role at Pure Storage,
ARN
Dec 2018
Global Enterprise Flash Storage Market 2018 – Pure Storage
Inc., Virident Systems, Inc., Violin Memory Inc., Oracle
Corporation, Economic Daily Gazzette
News
11
9
16
20
30
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Storage Media > All Flash Arrays: Market Factsheet
75
Exits
Recent InvestmentsCompanies that provide flash
array system that contains
multiple flash memory drives
instead of spinning hard disk
drives.
Pure Storage
Tintri
Kaminario
(2008, Yokneam Illit, $243M)
Vexata
(2014, San Jose, $54M)
ScaleFlux
(2014, San Jose, $44.3M)
Top Companies
Enterprise Storage > Market Details > Market: All Flash Arrays
0
5
10
15
$0k
$100M
$200M
2014 2015 2016 2017 2018
Market: All Flash Arrays

Storage Media > All Flash Arrays: Top Companies
Analyst’s Pick
Pure Storage (2009, Mountain View, $528M)
Firsthand Technology Value Fund, T. Rowe Price,
Sutter Hill Ventures and 13 Other Investors
TriplePoint Capital, Insight Venture Partners, New
Western Digital Capital, Sequoia Capital, Pitango
Venture Capital and 12 Other Investors
applications
Mayfield, Intel Capital, Lightspeed Venture
Partners, Redline Capital Management
Analyst’s Pick
Shunwei Capital, CRCM Venture, Ivy Capital and 4
Other Investors
Minicorn. Stage: Series A
John Scarano, Michael Jones, Acadia Woods, Service
Provider Capital

77
Storage Media > All Flash Arrays: Leaderboard
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Pure Storage 2009
Mountain
View
Public $528M 10 - 5 - - 71.9k 7k 29 126 7 32% 3 -
4.7 Kaminario 2008
Yokneam
Illit
Series F $243M 7 - - - - 2.8k - - 29 - - 2 -
4.6 Skyera 2010 San Jose Acquired $51.6M 2 - - - - 309 - - 4 - - 94 44%
4.4 Vexata 2014 San Jose Series B $54M 1 5 - - 3 2.9k - - 14 - - 20 1%
4.3 SolidFire 2010 Boulder Acquired $150M 5 - - - - 9 - - 6 - - 5 125%
4.3 Tintri 2008
Mountain
View
Acquired $260M 6 5 - - - 58.9k - - 71 - - -746 -1%
3.9 ScaleFlux 2014 San Jose Series B $44.3M 4 5 - - - - - - 11 - - - -
3.8
Violin
Systems
2005 San Jose Series D $50M 1 - - - 4 25.5k - - 8 - - -335 -1%
3.4 Burlywood 2015 Longmont Series A $15.5M 6 - - - 4 - - - 3 - - - -
3.4 XtremIO 2009 Herzliya Acquired $25M 3 - - - - - - - 7 - - - -
3.4
GridIron
Systems
2007 Sunnyvale Acquired $13M 1 - - - - 87 - - 6 - - - -
3.2 Mangstor 2011 Austin Series B $26.3M 4 - - - - - - - 2 - - - -
3.1 Fabrik 2005 San Mateo Acquired $51.3M 4 - - - - - - - 2 - - - -
3.1 Nimbus Data 2006
San
Francisco
Seed $2M 1 - - - - 5.1k - - 3 - - -78 -2%

Enterprise Storage > Market Details > Market: Hyper-Converged Infrastructure
Market: Hyper-Converged Infrastructure

Enterprise Storage > Market Details > Market: Object Storage
Market: Object Storage

Enterprise Storage > Market Details > Market: Hybrid Storage
Market: Hybrid Storage

Enterprise Storage > Market Details > Market: Controller
Market: Controller

Market: Controller

Enterprise Storage > Market Details > Market: Cloud
Market: Cloud

Market: Cloud

Enterprise Storage > Market Details > Market: Storage Management
Market: Storage Management

Enterprise Storage > Market Details > Market: Converged Infrastructure
Market: Converged Infrastructure

Tracxn - Enterprise Storage Startup Landscape

Tracxn - Enterprise Storage Startup Landscape

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