Tracxn - Enterprise Storage Startup Landscape

AUGUST 2018
ENTERPRISE STORAGE

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Enterprise Storage - Aug 2018
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 August 14, 2018.
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
$13.9B
Funding
88
Mega
Companies
406807
FundedCovered on
Tracxn
19
Unicorns
18
Soonicorns
5
Minicorns
25
IPO’d Cos
269
Late Stage Cos
124
112
Acquisitions
57
DeadPooled
95
Acquihired
Series A+ Cos
Dell
(1984, Round Rock, Acq.)
Western Digital
(1970, Irvine)
Amazon Web Services
(2006, Seattle)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Enterprise Storage
5
$250M - Series D
Cohesity (2013, Santa Clara, $410M)
$80M - Series F
Druva (2008, Pune, $200M)
$180M - Series D
Rubrik (2014, Palo Alto, $292M)
$75M - Series F
Kaminario (2008, Yokneam Illit, $218M)
$95M - Series C
Infinidat (2011, Waltham, $325M)
$67.2M - Series G
Pivot3 (2003, Austin, $230M)
$93M - Series D
Qumulo (2012, Seattle, $230M)
$61M - Series C
$90M - Series C
$60M - Series E
Scality (2010, San Francisco, $152M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Enterprise Storage > Feed Summary > Investment Trend Summary
Seed Accel Partners (#1), Almaz Capital (#1), Altair Capital (#1)
Series A/B
Intel Capital (#9), Lightspeed Venture Partners (#6), Battery
Ventures (#5)
Series C+ Western Digital Capital (#5), Cisco Investments (#4), 83North (#2)
Incubators Techstars (#2), 500 Startups (#1), Jerusalem Venture Partners
(#1)
Other Notable
Investors
Dell Technologies (#5), Credit Suisse (#4), Goldman Sachs (#3)
Debt Investors
Western Technology Investment (#17), Hercules Capital (#5),
Kreos Capital (#5)
Most Active InvestorsRecent Investments
41
52
40
33
16
2
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 73 71 56 42 47 16
$1.2B
$1.5B
$1.4B
$884M
$1B
$651M
2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
$11.5B
$734M
$314M
$212M
$174M
US
Israel
Europe
India
Canada
$ Funding

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)
Accel Partners 6
SimpliVity (2009, Westborough, $276M)
Virident Systems (2006, Milpitas, $116M)
Sequoia Capital 6
Nimble Storage (2007, San Jose, $90.5M)
New Enterprise
Associates
6
Tintri (2008, Mountain View, $260M)
SolidFire (2010, Boulder, $150M)
Mayfield 6
Mimosa Systems (2003, Santa Clara, $55.4M)
SanDisk (1988, Milpitas)
Mar 2018 Microsemi Acq by Microchip for $8.4B
Sep 2016 EMC Acq by Dell for $67B
Jan 2016 Veritas Acq by The Carlyle Group for $7.4B
Dec 2015 Inotera memories Acq by Micron for $4B
Oct 2015 SanDisk Acq by Western Digital for $19B
Sep 2013 Dell Acq by Silver Lake for $24.9B
Mar 2012 HGST Acq by Western Digital for $4.8B
Enterprise Storage > Feed Summary > Exit Outlook Summary
EMC 9
Data Domain (Jul 2009, $2.4B), Isilon (Nov 2010, $2.2B), Legato
(Jul 2003, $1.3B)
Cisco 6
NuSpeed Internet Systems (Jul 2000, $450M), Whiptail (Sep
2013, $415M), Springpath (Sep 2017, $320M)
Dell 6
EMC (Sep 2016, $67B), Equallogic (Nov 2007, $1.4B),
Compellent Technologies (Dec 2010, $800M)
Hewlett-Packard 5
3PAR (Sep 2010, $2.4B), Lefthand Networks (Oct 2008, $360M),
IBRIX (Jul 2009)
Hewlett Packard
Enterprise
4
Nimble Storage (Mar 2017, $1.1B), SimpliVity (Jan 2017,
$650M), SGI (Aug 2016, $275M)
Recent IPOs Top Acquisitions
DataDepositBox Mar 2015
Continous Backup and recovery platform
IPO MCap: - Current MCap: -
Innodisk Nov 2013
Industrial embedded flash and DRAM storag…
IPO MCap: - Current MCap: -
Quantum Sep 2012
Hybrid Storage | Backup & Recovery
IPO MCap: - Current MCap: $127M
Carbonite Aug 2011
Hybrid Backup and recovery for consumers…
IPO MCap: $240M Current MCap: 1B
Tintri Jun 2017
Smart storage for virtualization & cloud
IPO MCap: $216M Current MCap: $35.4M
Nutanix Sep 2016
Converged Compute and storage infrastruct…
IPO MCap: $2.2B Current MCap: $9.6B
Iron Mountain Apr 2016
Online Backup and data protection service…
IPO MCap: $281M Current MCap: -
Pure Storage Oct 2015
All-flash Enterprise Storage
IPO MCap: $425M Current MCap: $5.5B

For any Feedback and Query reach out to MyAnalyst@tracxn.com* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
FACTSHEET
Overview
Companies 807
Funded 406 Series A+ 269
Funding $13.9B Last 2 yrs $2.2B
Most Active Investors
Seed Accel Partners (1)
Series A/B Intel Capital (9)
Series C+ Western Digital Capital (5)
Others Dell Technologies (5)
Incubators Techstars (2)
Top Cities
Bay Area 169 Cos $6.1B
Waltham 6 Cos $624M
Feed in Numbers
Unicorns 19 Soonicorns 18
Minicorns 5 Editor Picks 47
Acquihired 95 Deadpooled 57
Top Companies
Amazon Web
Services
(2006, Seattle)
Dell (1984, Round Rock)
Western Digital (1970, Irvine)
Exits
IPOs 25 Nutanix, Pure Storage
Acquisitions 112 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 >
Cloud 191 $167M 10
Backup >
Suite 42 $288M 6
Storage Media >
All Flash Arrays 29 $183M 7
Software Defined Storage
43 $148M 10
Storage Media >
Hybrid Storage 22 $263M 5
Data Storage >
Object Storage 23 $78.5M 9
Converged Infrastructure
25 $125M 5
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Storage Media
Companies that design and manufacture data storage
devices
135 85 $4.7B
Storage Architecture
Companies that provide products for storage
architecture
133 86 $2.7B
Backup
Companies that provide hardware or software
products that enable backing up of data
345 98 $2.2B
Companies that provide products for consolidation,
centralization of IT resources, further...
34 25 $1.8B
Companies that provide data storage technologies
which separate storage hardware from...
43 31 $802M
Storage Management
Companies that provide management solutions that
help organizing and maximize or improve...
56 38 $719M
Data Storage
Companies that provide products for addressing and
manipulating data storage
39 25 $414M
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
Seagate
(1979, Scotts Valley)*
Nutanix
(2009, San Jose, $340M)
Commvault
(1996, Middletown)
Crossroads
(1996, Austin, $36.1M)
Pure Storage
(2009, Mountain View, $528M)
Iron Mountain
(1951, Boston)
Carbonite
(2005, Boston, $66M)
Tintri
4DS Memory
(2007, Fremont)
LeoNovus
(2009, Sunnyvale)
Public
Overland Storage
(1980, San Jose, $51.1M)
Dropsuite
(2012, Singapore, $5M)
IceWEB
(1994, Sterling, $4M)
NetApp
(1992, Sunnyvale)
Western Digital
(1970, Irvine)
Quantum
(1980, San Jose)
Accusys
(1996, Zhubei)
DataDepositBox
(2002, Toronto)
FalconStor
(2000, Melville)
Hitachi Data Systems
(1989, Santa Clara)
Public
Innodisk
(2005, Taipei)
Metrofile
(1983, Johannesburg)
Princo Corp.
(1983, Hsinchu)
Taiyo Yuden
(1977, Tokyo)
Technicolor
(1915, Moulineaux)
Acquired
EMC
(1979, Hopkinton)
Dell
(1984, Round Rock)
SanDisk
(1988, Milpitas)
Microsemi
(1959, Aliso Viejo, $225M)
Veritas
(1989, Mountain View, $18.6M)
HGST
(2003, San Jose)
Inotera memories
(2003, Taoyuan City)
Data Domain
(2001, Santa Clara)
3PAR
(1999, Fremont)
Isilon
(2001, Seattle, $59.9M)
Acquired
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)
Dot Hill
(1984, Longmont, $8.8M)

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
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
Whiptail
(2008, Whippany, $41M)
OTG Software
(1997, Hopkinton)
Acquired
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)
SGI
(1980, Fremont)
Acquired
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)
Avamar
(1999, Irvine, $40.3M)
PowerQuest
(1993, Orem, $10M)
Mozy
(2005, Draper, $1.9M)
Storwize
(2004, Los Gatos, $30.9M)
Gluster
(2005, Sunnyvale, $12.5M)
Acquired
Skydesk
(1996, San Diego, $27M)
Nexsan
(1999, Thousand Oaks, $17M)
Archivas
(2004, Waltham, $12M)
Onaro
(2002, Boston, $10M)
Connected
(1996, Boston, $23.5M)
Mimosa Systems
(2003, Santa Clara, $55.4M)
Sanera
Unicorns
Infinidat
(2011, Waltham, $325M)
Actifio
(2009, Waltham, $308M)
Rubrik
(2014, Palo Alto, $292M)
Datto
(2007, Norwalk, $100M)
Amazon Web Services
(2006, Seattle)
Veeam
(2006, Baar)

List of Notable Companies by Market in Enterprise Storage
Notable Companies by Market (1/12)
12
Enterprise Storage > Feed Summary > Notable Companies by Market
Suite
Suite
Enterprise solutions and consumer elecctronics
company
Unicorn. Stage: Acquired
Bank of America Merrill Lynch, Barclays, Credit
Suisse and 4 Other Investors
EMC (1979, Hopkinton)
RSA ECAT | Endpoint Threat Detection and
Response | EMC
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: Unfunded
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
Manufacturer of computer data storage devices
Herald Investment Management
HGST (2003, San Jose)
Helium filled hard drives
Stage: Acquired
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 Partners,
Andreessen Horowitz and 11 Other Investors
Corsair (1994, Fremont, $75M)
DRAM and SSDs
Stage: Acquired
Francisco Partners, Norwest Venture Partners,
Columbia Capital and 1 Other Investors
SSD
Anobit (2006, Herzliya, $72M)
Flash storage solutions
Soonicorn. Stage: Acquired
Intel Capital, Pitango Venture Capital, Battery
Ventures and 1 Other Investors
Pliant Technology (2006, Milpitas, $50.3M)
Enterprise All Flash Drives (EFDs)
Stage: Acquired
Arcturus Capital, Lightspeed Venture Partners,
Menlo Ventures and 1 Other Investors
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

14
Storage Media
SSD
Supplier of flash memory cards
Stage: Acquired
Endeavour Vision, Atomic Ventures, Mayfield and 3
Other Investors
SMART Storage Systems (2008, Newark)
Solid State Storage Devices
Stage: Acquired
Silver Lake
All Flash Arrays
Pure Storage (2009, Mountain View, $528M)
Firsthand Technology Value Fund, T. Rowe Price,
Sutter Hill Ventures and 12 Other Investors
Insight Venture Partners, New Enterprise
Associates, Menlo Ventures and 6 Other Investors
All-flash enterprise array
Soonicorn. Stage: Series F
Sequoia Capital, Pitango Venture Capital, Globespan
Capital Partners and 11 Other Investors
All Flash Arrays
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

15
Storage Media
All Flash Arrays
XtremIO (2009, Herzliya, $25M)
SSD Data Storage
Stage: Acquired
Lightspeed Venture Partners, Giza Venture Capital,
Jerusalem Venture Partners and 2 Other Investors
NVRAM
Microsemi (1959, Aliso Viejo, $225M)
IC and Semiconductor Developer most famous for
its power products
Opus Capital
Nantero (2001, Woburn, $140M)
Enabling faster storage using carbon nanotubes
(CNTs)
Schlumberger, Dell, Cisco Investments and 10 Other
Investors
Diablo Technologies (2003, Ottawa, $101M)
Fabless semiconductors
Soonicorn. Stage: Series C
Israel Cleantech Ventures, Battery Ventures, Celtic
House Venture Partners and 6 Other Investors
Inotera memories (2003, Taoyuan City)
Provides DRAM foundry services
Hybrid Storage
Low-cost hybrid storage provider
Unicorn. Stage: Series C
Goldman Sachs, TPG, Security Growth Partners
Tegile (2010, Newark, $178M)
Hybrid Storage Arrays
Meritech Capital Partners, Capricorn, Cross Creek
Advisors and 6 Other Investors
Primary Storage,Backup,Disaster Recovery
Sequoia Capital, Accel Partners, Lightspeed Venture
Partners and 6 Other Investors
Quantum (1980, San Jose)
Stage: Public
Mayfield

16
NAS
Acopia Networks (2002, Lowell, $86M)
Intelligent file virtualization
Stage: Acquired
Meritech Capital Partners, Accel Partners, Charles
River Ventures and 9 Other Investors
CTERA (2008, Petah Tikva, $70M)
Cloud storage enablement and sync
Soonicorn. Stage: Series D
Bessemer Venture Partners, Cisco, Vintage
Investment Partners and 5 Other Investors
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
NAS
Crossroads (1996, Austin, $36.1M)
Data storage and protection solutions
Stage: Public
Techquity, Fortress Investment, Iron Mountain and
2 Other Investors
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, Sevin Rosen Funds,
InterWest Partners and 4 Other Investors
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 11 Other Investors
Equallogic (2001, Nashua, $47M)
Storage are network systems
Stage: Acquired
Focus Ventures, Charles River Ventures, Sigma

17
SAN
Giganet (1994, Worcester, $41M)
iSCSI networking solutions
Stage: Acquired
HarbourVest Partners, H&Q Asia Pacific, NTT
Docomo Ventures and 2 Other Investors
ConvergeNet Technologies (1997, San Jose,
$30M)
SAN management solutions
Stage: Acquired
Sierra Ventures, Berkeley VC International, TeleSoft
Partners
Compellent Technologies (2002, Eden
Prairie, $29.3M)
Enterprise Network Storage
Stage: Acquired
Nomura, El Dorado Ventures, Cargill and 4 Other
Investors
SAN
Nexsan (1999, Thousand Oaks, $17M)
Disk-based storage systems
Stage: Acquired
VantagePoint Capital Partners, RRE Ventures, Blue
Chip Venture
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
Silverton Partners, Austin Ventures, Norwest
Venture Partners
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
Rand Capital, Huntington Ventures, Hudson
Venture Partners
QLogic (1994, Aliso Viejo)
Storage and Converged networking components
Stage: Acquired
Citadel, Western Technology Investment, Saints
Capital

18
Data Storage
File System
Gluster (2005, Sunnyvale, $12.5M)
Open source, software-defined storage
Stage: Acquired
Index Ventures, Nexus Venture Partners
Object Storage
Amazon Web Services (2006, Seattle)
Cloud computing and hosting platform from
Amazon
Unicorn. Stage: Unfunded
LeoNovus (2009, Sunnyvale)
Data storage and security solution provider
Editor's Pick. Stage: Public
Pinetree Capital
Hyper-Converged Infrastructure
Hybrid secondary storage with insights and
analytics
Cisco Investments, Hewlett Packard Enterprise,
Sequoia Capital and 13 Other Investors
Converged Compute and storage infrastructure
Goldman Sachs, Riverwood Capital, Morgan Stanley
Optimized IT Infrastructure Platform
Charles River Ventures, Meritech Capital Partners,
Accel Partners and 7 Other Investors

19
All flash hyper converged appliance
Soonicorn. Stage: Series G
S3 Ventures, InterWest Partners, Mesirow Financial
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, Redpoint
Software defined storage
Soonicorn. Stage: Series E
Harbert Management, Hewlett Packard Enterprise,
Broad Tower Inc. and 12 Other Investors
InktankProtected Tweets (2012, Los
Angeles, $14.4M)
Scale-out storage software and distributed file
system
Stage: Acquired
Shuttleworth, FinTech Innovation Lab
Copy Data Management
Actifio (2009, Waltham, $308M)
Copy data virtualization
Unicorn. Stage: Series F
Crestline Investors, North Bridge, 83North and 9
Other Investors

20
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, Grayhawk Capital, Edgewater
Funds and 1 Other Investors
Data Domain (2001, Santa Clara)
Backup, recovery and deduplication
Stage: Acquired
Sutter Hill Ventures, New Enterprise Associates
Local
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

21
Backup
Cloud
Enterprise endpoint backup & DLP solution
Riverwood Capital, Nexus Venture Partners, Tenaya
Code42 (2001, Minneapolis, $138M)
Cloud based endpoint data protection, backup &
security solution
Accel Partners, Split Rock Partners, New Enterprise
Associates and 1 Other Investors
Carbonite (2005, Boston, $66M)
Hybrid Backup and recovery for consumers and
small business
Stage: Public
Crosslink Capital, Menlo Ventures, Performance
Equity Management and 14 Other Investors
Cloud
Skydesk (1996, San Diego, $27M)
Online data backup services for the small
office/home office market
Stage: Acquired
Qualcomm Ventures, Hikari Tsushin, American
Express Ventures 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, ThinKuvate and 1 Other
Investors
Cloud
Mozy (2005, Draper, $1.9M)
online Backup for personal and enterprise
customers
Stage: Acquired
EPIC Venture Fund
DataDepositBox (2002, Toronto)
Stage: Public
Iron Mountain (1951, Boston)
Online Backup and data protection services
Stage: Public
StarVest Partners, Solstice Capital, Entree Capital

22
Backup
Suite
De-duplicated storage based converged data
management platform
Unicorn. Stage: Series D
IVP, Lightspeed Venture Partners, Greylock
StorageCraft (2003, Draper, $187M)
Backup solutions for Enterprise, OEM and small
businesses
Soonicorn. Stage: Funded
TA Associates Management
Datto (2007, Norwalk, $100M)
Backup storage provider with NAS
Technology Crossover Ventures, General Catalyst
Partners, Solar Capital
Suite
Veritas (1989, Mountain View, $18.6M)
Information Mangagement & backup appliances
and software
Lok Capital, CDC Group, Accel Partners and 6 Other
Investors
Veeam (2006, Baar)
Backup Solutions for VMware and Hyper-V
Unicorn. Stage: Funded
Insight Venture Partners, Trend Forward Capital
Management, ABRT Venture Fund
Commvault (1996, Middletown)
Enterprise Backup Software and appliance
Stage: Public
Elliott Management, Credit Suisse, Saints Capital
Storage Management
Storage Management
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
3PAR (1999, Fremont)
Disk arrays and storage management software
Stage: Acquired
IGlobe Partners, Western Technology Investment,
Stratim Capital and 6 Other Investors

23
Storage Management
Storage Management
OTG Software (1997, Hopkinton)
Data Management solutions
Stage: Acquired
Updata, ABS Capital
Seagate (1979, Scotts Valley)
NAS storage devices for enterprise
Stage: Public
Jon Staenberg, Credit Suisse, The Woodside
Financial Group and 8 Other Investors
Storage Clients
Overland Storage (1980, San Jose, $51.1M)
Data storage management
Stage: Public
Matrix Partners
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

List of Notable Companies in Enterprise Storage in China
Notable Companies in the Sector in China
24
Enterprise Storage > Feed Summary > Notable Companies in the Sector in China
Unicorns
Jinshan Yun
(2012, Beijing, $718M)

Recent News in Enterprise Storage Sector
Recent News
25
Enterprise Storage > Feed Summary > Recent News
Aug 2018
Kaminario K2 Scores Highest in the Analytics and High Performance
Computing Use Cases in Gartner’s Critical Capabilities Report,
GlobeNewswire
Aug 2018 Datrium Introduces CloudShift, Storage Review
Aug 2018
Princess Nourah bint Abdulrahman University partners with Dell to
train and certify Saudi Arabia’s first female data scientists, Gulf
Tomorrow
Aug 2018
Top tips for businesses in the Middle East to prevent data
downtime, AMEinfo
Aug 2018
Western Digital Is Returning $5 Billion To Shareholders,
International Business Times
Aug 2018
Tesla’s board evaluating Elon Musk’s take-private plan, amid
deflating investor enthusiasm, The Business Journals
Aug 2018
ScaleFlux™ Wins Best-of-Show Award at Flash Memory Summit
2018, Business Wire
Aug 2018
Code42 Exhibits and Speaks at CIO 100 Symposium and Awards
Ceremony, Business Wire
Aug 2018
DreamWorks Picks Up Predictive Analytics Tools for Animators,
Animation Magazine
Aug 2018
Portworx Expands Container Data Management Options for Amazon
Web Services Customers, PR Newswire
Aug 2018 AWS error exposed GoDaddy business secrets, ZDNet
Aug 2018
Samsung Heavy Industries chooses AWS to help take shipbuilding
into the cloud, NiHaoBar
Key Recent News Key Recent News
Aug 2018 Seagate Expands Its Nytro SSD Family, Storage Review
Aug 2018
Bacula Systems Enables New Enterprise Features in Its Trial
Software for Backup and Recovery Professionals, Newswire
Aug 2018
NGD Systems Receives Best of Show Innovation Award for In-Situ
Processing at Flash Memory Summit 2018, PRWeb
Aug 2018
Excelero and Mellanox Win Flash Memory Summit 2018 Best of
Show Award for teuto.net Customer Implementation, PR Newswire
Aug 2018
Why Goldman Sachs doesn't think Tesla is the next Dell, Proactive
Investors
Aug 2018 Why Goldman Sachs doesn't think Tesla is the next Dell, Tech Capital
Aug 2018
MSPs Reap Significant Benefits Of Enhanced Cloud Services That
Offer Improved Revenue And Margin Opportunities, PR Newswire
Aug 2018
WekaIO Awarded Patent for “Congestion Mitigation in a Distributed
Storage System”, Business Wire
Aug 2018
AWS Announces General Availability of Amazon Aurora Serverless,
Business Wire
Aug 2018
ExaGrid Penetrates Middle East Backup Storage Market with
Dedicated Sales Team and Distributor Partnership, Business Wire
Aug 2018
VMware Accelerates 5G Readiness for Communications Service
Providers with Intent to Acquire Dell EMC Service Assurance Suite,
PressReleasePoint
Aug 2018
DDN Building New Flash Enterprise Virtualization and Analytics
Division with 100 New Hires Planned Through September, Business
Wire

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
26
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
Online Retail
Jun 2018
Higher Education
Jun 2018
AgriTech
Jun 2018

$581M
$892M
$1.2B
$1.5B
$1.4B
$884M
$1B
$651M
0
10
20
30
40
50
60
70
80
90
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
$1.6B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding # Rounds
Investments ($M) and number of rounds in Enterprise Storage; 2011-2018
Global Funding Trends (1/2)
28
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 13% # of Rounds10% $ Funding
4% # of Rounds
11% $ Funding

8 14 12 13 10 5 10 2
36 41 32 30 25
20
20
6
17
30
29 28 21 17 17 8
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
61
16
Total # of Rounds
$10M $18M $10M $8M $5M $6M $15M $2M
$288M
$380M
$404M
$272M
$647M
$221M
$200M $78M
$283M $495M $756M
$1.2B
$714M $657M $830M $571M
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
$232M
$522M
$880M
$1.2B
$1.1B
$740M
$924M
$583M
0
5
10
15
20
25
0
200000000
400000000
600000000
800000000
1E+09
1.2E+09
1.4E+09
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
29
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 ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Enterprise Storage; 2011-2018
Enterprise Storage > Investment Trends > Global Funding Trends
49
19
21
18
10
19 136
$6.1M
$6.9M
$0.0M
$2.0M
$4.0M
$6.0M
$8.0M
$10.0M
$12.0M
$14.0M
0
20
40
60
80
100
120
140
160
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
8 19 21 21 18 16 18 7 $6.1M $10.8M $4.1M $12.6M $7.9M $7.1M - $6.9M
$581M
$651M
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 6.1B 317
Waltham 624M 12
Austin 390M 35
Seattle 357M 24
Westborough 346M 11
Longmont 299M 22
Herzliya 286M 18
San Diego 240M 28
Boulder 231M 12
Pune 204M 9
Total Funding
98
45
49
12
13
3
1
# Rounds
$11.5B
$734M
$314M
$212M
$174M
$14.3M
$1.4M
US
Israel
Europe
India
Canada
SEA
Japan
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$1.4 $1.5
$1.0 $0.9 $0.7
$1.2
$2.1
2011 2012 2013 2014 2015 2016 2017
$5.5
$8.2
$12.5
$9.1
$6.1 $7.7 $8.2
$11.8 $12.8 $13.6 $15.5
$44.1
$18.0
$22.3
$17.7 $16.5
$31.5
$47.7
$37.6 $43.8
$51.9
Enterprise Storage > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Enterprise Storage; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$10K* $6M
$39.5K $52.5M
$18.8K $150M
$39.5K $250M
$23.5M
$13.5M
$5.5M
$717K
Series C+
Series B
Series A
Seed
Stage

Note: 118 companies with undisclosed funding amount are not included
32
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
22
67
118
55
36
No. of Companies
Enterprise Storage > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Enterprise Storage; as of Aug 2018
Distribution of companies by Funding Range
$9M
$302M
$2.9B
$3.8B
$6.9B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
50%
33%
25%
15%
33
Note: Numbers in the brackets show the count of companies
Time to raise
next round
124
198
269
406
807
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
50% 12%
(100)
10%
(82)
19%
(150)
7%
(57)
24%
(194)
66% 23%
(93)
19%
(77)
30%
(120)
8%
(33)
-4%
(-16)
74% 22%
(60)
16%
(44)
36%
(97)
7%
(19)
-17%
(-45)
63% 27%
(53)
19%
(37)
37%
(74)
7%
(13)
-7%
(-13)
- 35%
(43)
23%
(29)
36%
(45)
6%
(8)
-3%
(-4)
Enterprise Storage > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Enterprise Storage
Funding Funnel
18 Months
16 Months
17 Months
Investment backedBootstrapped
18
19
109
23
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; Aug 2016-Aug 2018
Notable Investments in last 24 months (1/4)
LATE STAGE
$250M - Series D Jun 2018
analytics
Sequoia Capital, Morgan Stanley, Trinity Ventures,
Battery Ventures
$180M - Series D Apr 2017
management platform
IVP, Lightspeed Venture Partners, Greylock Partners
$100M - Series F Aug 2018
Crestline Investors, North Bridge, 83North,
Advanced Technology Ventures, Heritage Group,
Andreessen Horowitz
LATE STAGE
$95M - Series C Oct 2017
Goldman Sachs, TPG
$93M - Series D Jun 2018
hybrid scale-out NAS
BlackRock, Goldman Sachs, Highland Capital
Partners, Madrona Venture Group, Valhalla
Partners, Western Digital Capital, Kleiner Perkins
$90M - Series C Apr 2017
analytics
GV, Sequoia Capital, Cisco Investments, Hewlett
Packard Enterprise, Accel Partners, Battery
Ventures, Danhua Capital, Foundation Capital,
Qualcomm Ventures, Trinity Ventures, Wing
Venture Capital, ARTIS Ventures
LATE STAGE
$80M - Series F Aug 2017
Capital, Sequoia Capital
$75M - Series F Jan 2017
Capital Partners, Silicon Valley Bank, Waterwood,
CIRTech Fund, CE Ventures
$67.2M - Series G Aug 2017
S3 Ventures
$61M - Series C Aug 2016
management platform
Khosla Ventures, Lightspeed Venture Partners,
Greylock Partners

LATE STAGE
$60M - Series E Apr 2018
Harbert Management
$55M - Series C Dec 2016
Datrium (2012, Sunnyvale, $110M)
IO processing & active data converging storage
device
New Enterprise Associates, Lightspeed Venture
Partners
$51M - Series E Sep 2016
Sequoia Capital, EDBI, Blue Cloud Ventures,
Hercules Capital, NTT Finance, Nexus Venture
Partners, Tenaya Capital
LATE STAGE
$41M - Series D Oct 2016
Cloudian (2011, Foster City, $107M)
Cloud Object Storage and Converged Infrastructure
provider
Lenovo, Epsilon Venture Partners, City National
Bank, Delta Venture Lab, Intel Capital, Innovation
Network Corporation of Japan, Eight Roads
Ventures, Goldman Sachs
$38M - Series F Sep 2017
Nasuni (2009, Natick, $109M)
NAS Filer | Enterprise Storage as a Service
Goldman Sachs
$33M - Series D Apr 2017
Advisors, Western Digital Capital
LATE STAGE
$32M - Series E Jan 2017
Panzura (2008, Campbell, $90M)
Global Cloud Storage System
Matrix Partners, Meritech Capital Partners, Opus
Capital, Chevron, Western Digital Capital
$30M - Series C Apr 2017
hybrid scale-out NAS
Northern Light Venture Capital, Madrona Venture
Group, Top Tier Capital Partners, Tyche Partners,
Kleiner Perkins
$29.7M - Series F Apr 2018
(CNTs)
Schlumberger, Dell, Cisco Investments, Kingston,
China Fortune-Tech Capital

LATE STAGE
$25M - Series D Feb 2018
Cloudian (2011, Foster City, $107M)
Cloud Object Storage and Converged Infrastructure
provider
Digital
$25M - Series D Sep 2016
Investment Partners
$22.5M - Series C Mar 2017
Reduxio (2012, Petah Tikva, $49.5M)
Multi-tier hybrid storage for primary data
management
C5 Capital, Jerusalem Venture Partners, Intel Capital,
Seagate, Viola Group
$22M - Series E Dec 2016
(CNTs)
Globespan Capital Partners
LATE STAGE
$21.1M - Series E Sep 2016
$20M - Series D Dec 2017
Nexenta (2005, Santa Clara, $73.7M)
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 Partners, Battery
Ventures
$18.6M - PE Dec 2017
Information Mangagement & backup appliances and
software
Lok Capital, CDC Group
$14.5M - Series D Sep 2017
Crossbar (2010, Santa Clara, $100M)
Pioneering non-volatile RRAM memory technology
EARLY STAGE
$54M - Series B Sep 2017
applications
Mayfield, Intel Capital, Lightspeed Venture Partners,
Redline Capital Management
$27M - Series B Nov 2017
StrongBox Data Solutions (2016, Austin,
$27M)
Storage management and archive solutions
Fonds de solidarite FTQ, Partner One Capital
$25M - Series B Mar 2018
ScaleFlux (2014, San Jose, $40M)
NAND flash based storage solutions - stealth mode
Shunwei Capital
$20M - Series B Apr 2017
Portworx (2014, Redwood City, $28.5M)
Tool for developers and IT Ops to run containerized
apps in on-premise or in the cloud
Sapphire Ventures, GE Ventures, Mayfield

EARLY STAGE
$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
$20M - Series A Nov 2017
NVXL Technology (2015, Fremont, $20M)
non-volatile SSD storage or compute acceleration
platform
Alibaba Group
$12.4M - Series B Feb 2018
NGD Systems (2013, Irvine, $26M)
SSD storage solutions
Orange Digital Ventures, Benhamou Global Ventures,
Alcor Micro Corporation, Partech
Series B Nov 2017
Excelero (2014, Santa Clara, $30M)
Scale-out block storage
Qualcomm Ventures

Enterprise Storage > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$300M - Series D Dec 2017
Jinshan Yun (2012, Beijing, $718M)
Online platform providing cloud storage and
China Minsheng Investment, Kingsoft Network
Technology
$220M - Series D Jan 2018
Jinshan Yun (2012, Beijing, $718M)
Online platform providing cloud storage and
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
$37.9M - Series C Apr 2018
XSKY (2015, Beijing, $66.2M)
Open source distributed and cloud based system
storage solutions
New Enterprise Associates, Northern Light Venture
Capital, Qiming Venture Partners

Most Active Investors (VC, PE) by Stage in Enterprise Storage; Last 5 years (Aug 2013-Aug 2018)
Most Active VC & PE Investors
39
Enterprise Storage > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Accel Partners
PrimaryIO
1
General Catalyst Partners
Minio
2
Nexus Venture Partners
Minio
3
Index Ventures
Minio
4
Khosla Ventures
Datera
5
Partech
PrimaryIO
6
GV
Boxbee
7
Floodgate Fund
Boxbee
8
AME Cloud Ventures
Minio
9
Exfinity Venture Partners
PrimaryIO
10
EARLY STAGE
Intel Capital (9 Investments)
Cloudian, Maxta, Exanet
1
Lightspeed Venture Partners (6
Investments)
Rubrik, Primary Data, Elastifile
2
Battery Ventures(5 Investments)
Cohesity, Primary Data, Elastifile
3
Accel Partners (3 Investments)
Cohesity, Primary Data, E8 Storage
4
Mayfield(3 Investments)
Vexata, Portworx, Formation Data
5
Western Digital Capital(3 Investments)
Elastifile, Everspin, Kazan Networks
6
Qualcomm Ventures(3 Investments)
Cohesity, Weka.IO, Excelero
7
New Enterprise Associates(2 Investments)
Code42, Igneous Systems
8
Redpoint Ventures(2 Investments)
Igneous Systems, Hedvig
9
Kleiner Perkins(2 Investments)
Qumulo, Pavilion Data
10
LATE STAGE
Western Digital Capital(5 Investments)
Qumulo, Tegile, Panzura
1
Cisco Investments(4 Investments)
Cohesity, Nantero, Skyport Systems
2
Meritech Capital Partners (2 Investments)
SimpliVity, Tegile
3
83North (2 Investments)
Actifio, Zerto
4
IVP (2 Investments)
Zerto, Rubrik
5
Tyche Partners (2 Investments)
Qumulo, Crossbar
6
Tiger Global Management(2 Investments)
Pure Storage, Actifio
7
Greenspring Associates (2 Investments)
Nutanix, SolidFire
8
Menlo Ventures
PernixData
9
Intel Capital
Coho Data
10

Enterprise Storage > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Enterprise Storage; Last 5 years (Aug 2013-Aug 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Techstars(2 Investments)
Boxbee, Infinit
1
500 Startups
Boxbee
2
Jerusalem Venture Partners
NooBaa
3
Magma Venture Partners
E8 Storage
4
SK Telecom Americas Innopartners
BayStorage Technolgy
5
Startup Wise Guys
BitCalm
6
OTHER NOTABLE INVESTORS
Dell Technologies(5 Investments)
Nexenta, Elastifile, Exablox
1
Credit Suisse(4 Investments)
IBRIX, Seagate, Commvault
2
Goldman Sachs(3 Investments)
Qumulo, Nasuni, Infinidat
3
National Science Foundation(3
Investments)
NGD Systems, NxGn Data, Codelucida
4
Silver Lake(3 Investments)
Tintri, Dell, SMART Storage Systems
5
ABRT Venture Fund(2 Investments)
Acronis, Veeam
6
Akamai(2 Investments)
ClearSky Data, NooBaa
7
Digital(2 Investments)
Cloudian
8
Hewlett Packard Enterprise(2
Investments)
Scality, Cohesity
9
Morgan Stanley(2 Investments)
Nutanix, Cohesity
10
DEBT INVESTORS
Western Technology Investment(17
Investments)
Nexenta, Aristos Logic, Sanera
1
Hercules Capital(5 Investments)
Actifio, Druva, OCZ Storage Solutions
2
Kreos Capital(5 Investments)
Kaminario, Crocus Technology, Reduxio
3
Eastward Capital Partners(3 Investments)
SimpliVity, Nasuni, X-IO
4
Leader Ventures(3 Investments)
Kaminario, Mimosa Systems, Nishan Systems
5
Capital Finance Group(2 Investments)
Zantaz, IBackup
6
Silicon Valley Bank(2 Investments)
Kaminario, NGD Systems
7
TPG(2 Investments)
Infinidat, Seagate
8
BlackRock
Qumulo
9
Harbert Management
Scality
10

Enterprise Storage > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/7)

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
49
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
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
Virtualization
May 2018
Software Testing Tools
May 2018
API Management
May 2018

For any Feedback and Query reach out to MyAnalyst@tracxn.com* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
FACTSHEET
Marketmap: Enterprise Storage
51
Enterprise Storage > Market Details > BlueBox

Key Sub Sectors (1/2)
52
Key Sub Sectors in Enterprise Storage
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Storage Media
Companies that design and manufacture data storage devices
Pure Storage (2009, Mountain View, Public)
135 85 $4.7B
Companies that provide products for storage architecture
BlueArc (1998, San Jose, Acquired)
Panasas (1999, Sunnyvale, $144M)
133 86 $2.7B
Backup
Companies that provide hardware or software products that enable backing up of data
COPAN Systems (2002, Longmont,
Acquired)
345 98 $2.2B
Companies that provide products for consolidation, centralization of IT resources, further
getting b....
Nutanix (2009, San Jose, Public)
34 25 $1.8B
Companies that provide data storage technologies which separate storage hardware from the
software t....
Atlantis Computing (2006, Mountain View,
Acquired)
43 31 $802M
Storage Management
Companies that provide management solutions that help organizing and maximize or improve
the perform....
DataGravity (2012, Nashua, Acquired)
ClearSky Data (2014, Boston, $39M)
56 38 $719M
Data Storage
Companies that provide products for addressing and manipulating data storage
Amplidata (2008, Lochristi, Acquired)
Basho (2007, Cambridge, $52.8M)
39 25 $414M
Companies that provide products for discovering, optimizing and automating the Elimination
of unnece....
TransferSoft (2014, Culver City, $3M)
4 3 $310M
Server-Side Caching
Companies that provide products for server side caching which involves the activity of
caching 'hot'....
PernixData (2012, San Jose, Acquired)
Infinio (2011, Cambridge, $24M)
10 9 $136M
Enterprise Storage > Market Details > Key Sub Sectors

Key Sub Sectors (2/2)
53
Key Sub Sectors in Enterprise Storage
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
P2P Storage
Companies that provide products for peer to peer storage
Symform (2009, Seattle, $22.5M)
Peer Fusion (2002, San Jose)
2 1 $22.5M
Enterprise Storage > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/4)
54
Enterprise Storage > Market Details > Detailed Sector Taxonomy

55

56

57

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+3)
Backup > Cloud
Companies that provide products and services where data is backed up to a storage server or facility
connected to the source via the Internet
(Companies covered 191 | Funded 39 | Total Funding $767M)
$167M
(-$408M)
10
(-44)
Druva
(2008, Pune, $200M)
2
(+3)
Backup > Suite
Companies that provide backup products and services which include local, cloud based backup services
$288M
(-$159M)
6
(-12)
Rubrik
(2014, Palo Alto, $292M)
3
(-2)
Storage Media > All Flash Arrays
Companies that provide flash array system that contains multiple flash memory drives instead of
spinning hard disk drives.
(Companies covered 29 | Funded 19 | Total Funding $1.5B)
$183M
(-$1.1B)
7
(-37)
Kaminario
(2008, Yokneam Illit, $218M)
4
(-1)
Companies that provide data storage technologies which separate storage hardware from the software
that manages the storage infrastructure.
$148M
(-$462M)
10
(-42)
Scality
(2010, San Francisco, $152M)
5
(-3)
Storage Media > Hybrid Storage
Companies that provide hybrid drives which are a combination of NAND based flash SSDs with hard
disk (HDD) technology.
(Companies covered 22 | Funded 18 | Total Funding $1.3B)
$263M
(-$608M)
5
(-43)
Infinidat
(2011, Waltham, $325M)
6
(+1)
Data Storage > Object Storage
Companies that provide products that offer object-based data storage
$78.5M
(-$61.4M)
9
(-18)
Storj
(2014, Atlanta, $5.5M)
7
(-1)
Companies that provide products for consolidation, centralization of IT resources, further getting best
out of virtualized environments.
$125M
(-$70M)
5
(-24)
Datrium
(2012, Sunnyvale, $110M)
58
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets by Funding in Enterprise Storage in last 2 years (August 2016 - July 2018)
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 29 | Funded 19 | Total Funding $1.5B )
1 Vexata (2014, San Jose, $54M)
2
Data Storage > Object Storage
Companies that provide products that offer object-based data storage
(Companies created 23 | Funded 13 | Total Funding $196M )
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
59
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (August 2016 - July 2018)
Enterprise Storage > Market Details > Top Markets of Early Stage Investors

Incubators 500 Startups (#2), Jerusalem Venture Partners (#1)
Seed Indian Angel Network (#1), Accord International (#1)
Series A/B Intel Capital (#2), Nexus Venture Partners (#1)
Series C+ Riverwood Capital (#1), EDBI (#1)
Mozy Feb - 2018
Acq by Carbonite for $146M
Atempo Sep - 2017
Acq by Wooxo
Iron Mountain Apr - 2016
IPO'd on ASX
Livevault Corp Oct - 2015
Acq by j2 Global
DataDepositBox Mar - 2015
IPO'd on CNSX
Carbonite Aug - 2011
IPO'd on NASDAQ
Skydesk Feb - 2008
Acq by Symantec for $123M
Series B
Arkivum (2011, Chippenham, $6.5M)
Series B
Redstor (1998, Reading)
$80M - Series F
$22.5M - Series C
Reduxio (2012, Petah Tikva, $49.5M)
$5M - Series A
Series A
Jungle Disk (2006, San Antonio, $11M)
Jul 2017
Iron Mountain Buys Denver Colocation Firm Fortrust for
$128M | Data Center Knowledge, Data Center Knowledge
Dec 2017
Iron Mountain Incorporated Announces Debt Offering, PR
Newswire
May 2007 Carbonite Raises $15 Million - PE Hub, PE Hub
Feb 2018
IDrive Online Backup and Restore of Multiple Office 365
Exchange Mailboxes, StorageNewsletter
Jan 2018
RPD Ups Wind Power for Iron Mountain’s Mid-Atlantic
Facilities, Business Wire
Dec 2017
Data Deposit Box is Unaware of Any Material Change ,
GlobeNewswire
Dec 2017
Iron Mountain Incorporated : Launches Common Stock
Offering, 4-Traders
Sep 2017
Arkivum announces the formation of company Advisory
Board , ResponseSource
May 2018
After Smarsh, Stephen Marsh looks to grow more local
startups, The Business Journals
Jan 2012
Accel Leads $52.5M Round In Cloud-Based Data Storage And
Backup Company Code 42 – TechCrunch, TechCrunch
Aug 2012
Crossroads Systems Signs $5 Million Deal With Iron
Mountain (NASDAQ:CRDS), Crossroads
Apr 2017 Zerto to protect data of 1.5m patients, Financial News
Jun 2014
Zerto Raises $26 Million in Series D Financing to Accelerate
Hybrid Cloud Adoption | Zerto, Zerto
News
0
1
2
3
4
5
6
7
8
$0k
$20M
$40M
$60M
$80M
$100M
$120M
$140M
$160M
2014 2015 2016 2017 2018
YoY Funding Rounds
10
7
25
39
191
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Backup > Cloud: Market Factsheet
60
Exits
Recent Investments
YoY Funding and Rounds
Companies that provide products
and services where data is backed
up to a storage server or facility
connected to the source via the
Internet
Druva
(2008, Pune, $200M)
Code42
(2001, Minneapolis, $138M)
Zerto
(2009, Herzliya, $130M)
Reduxio
(2012, Petah Tikva, $49.5M)
Atempo
(1992, Paris, $28.2M)
Top Companies
#1 Top Markets of Investment Activity
Enterprise Storage > Market Details > Market: Cloud
Companies Created 191 | Funded 39 | Total Funding $767M
Market: Cloud

Backup > Cloud: Top Companies
Market: Cloud
Analyst’s Pick
security solution
Associates, JMI Management

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
62
Backup > Cloud: Leaderboard
Better than Market Average
Market: Cloud
Overall
Rating
Company
Name
Foun
ded
Year
Location Stage Funding Team
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Backblaze 2007 San Mateo Series A $5.3M - 4 - - 10 20k 14k 30k 313 -2k -6% 18 6% 463 3%
5.0 Mozy 2005 Draper Acquired $1.9M - 4 4 4 6 187k 14k 30k 353 32k 20% 3 1% -953 -6%
4.9 Druva 2008 Pune Series F $200M - 4 3 4 32 103k 18k 30k 86 -26k -20% 4 5% -587 -3%
4.9 Carbonite 2005 Boston Public $66M - 4 - - 30 39k 15k 300k 1.9k 5k 14% 28 2% -301 -2%
4.9 IDrive 2007 Calabasas Funded - - 4 - 4 10 49k 21k 3M 7.1k 7k 15% 210 3% -1639 -7%
4.9 Degoo 2001 Stockholm Unfunded - - 5 - - 1 53k 1.3k 30.1M
309.4
k
-3k -4% 58.8k 23% 22 2%
4.8 Gladinet 2008
Fort
Lauderdale
Unfunded - - 4 - 5 - 893k 1.6k 8k 23 -48k -7% 1 5% 37 2%
4.8
DataDepositBo
x
2002 Toronto Public - - 5 - - 15 2.5M 764 30k 206 3M 378% -3 -1% 44 6%
4.8 Livedrive 2008 London Acquired - - 3 - - - 252k 3.4k 75k 442 104k 69% 1 - -149 -4%
4.7 Zerto 2009 Herzliya Series E $130M - 5 - - 30 159k - 3k 25 -11k -6% 4 19% - -
4.7 Hornet drive 2012 Hannover Unfunded - - 4 - - - 4.2M 122 6k 38 49k 1% 6 18% 3 2%
4.7 DigitalSafe 2011 Geneva Unfunded - - 4 - 3 - 653k 208 3k 31 -32k -4% 1 3% - -
4.7 GRAU DATA 1988 Stuttgart Series A - - 4 4 3 - 10M - 300 1 11M 271% - - - -
4.6 Smarsh 2001 Portland Acquired $6.7M - 4 - - 8 218k 6.8k 34k 38 6k 3% - - -81 -1%
4.6 ADrive 2007 Emeryville Unfunded - - 4 - - - 51k - 75k 921 42k 406% 2 - - -

Incubators
Seed
Series A/B Lightspeed Venture Partners (#2), Greylock Partners (#1)
Series C+ IVP (#1), Khosla Ventures (#1)
Datto Dec - 2017
Acq by Vista Equity Partners
Zetta Jul - 2017
Acq by Arcserve
Veritas Jan - 2016
Acq by The Carlyle Group for $7.4B
Commvault Sep - 2006
IPO'd on NASDAQ
$15M - Series B
Igneous Systems (2013, Seattle,
$41.7M)
$18.6M - PE
$180M - Series D
$61M - Series C
$1.5M - Seed
Cobalt IRON (2012, Lawrence, $1.5M)
$187M - PE
$75M - Series B
$41M - Series B
$10M - Series A
Jul 2017
Veeam Strengthens Grip on Availability Market Leadership |
Business Wire, Business Wire
Mar 2017
Veritas, Microsoft forge global strategic partnership for data
management in the cloud, Digital News Asia
Mar 2017
Commvault Opens Northern UK Office in Leeds,
StorageNewsletter
Sep 2017
Datos IO Achieves APN Advanced Technology Partner Status,
GlobeNewswire
Mar 2017 Veeam Intros First Native Snapshot For Cisco HyperFlex, CRN
Jan 2018
IT Cloud Solutions Standardizes on StorageCraft Backup and
Disaster Recovery Products, PR Newswire
Nov 2017
Imanis Data Now Available in the Oracle Cloud Marketplace,
Press Release Jet
Nov 2017 Veritas Enhances Backup Exec, Storage Review
May 2017
Rubrik’s Market-leading Cloud Data Management Platform
Now Runs in AWS and Microsoft Azure, DATAVERSITY
Jan 2018 Veeam appoints Gary Mitchell as new A/NZ VP, Reseller
Jun 2018
Data management start-up Rubrik to double its headcount in
India, Business Line
Nov 2017 Veeam Software unveils new Dubai office , Tahawul Tech
Oct 2017
Commvault & Huawei showcase ‘Data Backup & Beyond’ for
Hybrid Cloud, Eye of Dubai
Nov 2017
Commvault Showcases Hybrid Cloud and HyperScale
Solutions at Huawei Eco-Connect Europe 2017, Marketwired
Oct 2017
Dicker Data Appointed as Distributor for StorageCraft in
ANZ, Medianet
News
0
1
2
3
4
5
$0k
$50M
$100M
$150M
$200M
$250M
$300M
2014 2015 2016 2017 2018
YoY Funding Rounds
4
6
10
13
42
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Backup > Suite: Market Factsheet
63
Exits
Recent Investments
Companies that provide backup
products and services which
include local, cloud based backup
services
Rubrik
(2014, Palo Alto, $292M)
StorageCraft
(2003, Draper, $187M)
Datto
(2007, Norwalk, $100M)
Zetta
Igneous Systems
(2013, Seattle, $41.7M)
Top Companies
Enterprise Storage > Market Details > Market: Suite
Market: Suite

Backup > Suite: Top Companies
Market: Suite
Analyst’s Pick
management platform
businesses
and software
Investors
Analyst’s Pick
Veeam (2006, Baar)

65
Backup > Suite: Leaderboard
Market: Suite
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Datto 2007 Norwalk Acquired $100M - 5 - - 27 45k 4 4k 54 -19k -29% 2 4% - -
4.9 Commvault 1996
Middletow
n
Public - - 5 - - 108 51k 71k 10k 82 -1k - 3 4% -1061 -1%
4.8
Igneous
Systems
2013 Seattle Series B $41.7M - - - 4 5 1.5M 453 - - 67k 5% - - 40 10%
4.6
Chocolate
Cloud
2014 Aalborg Funded - - - 2 3 - 9.4M 136 - - 354k 4% - - 100 259%
4.5 Imanis Data 0.0 Series B $30M - - - 4 4 3.1M 482 - - -49k -2% - - 119 33%
4.4 Veritas 1989
Mountain
View
Acquired $18.6M - 4 - - 67 24k - 36k 451 -3k -10% -1 - - -
4.3 Quorum 2008 Eugene Series A $11M - - - 4 4 1.8M 15k - - 2M
1632
%
- - -401 -3%
4.1 Datos 2014 San Jose Acquired $15.3M - - - 5 20 2.9M - - - 892k 47% - - - -
4.0 Veeam 2006 Baar Funded - - - - - 121 12k 45k - - -5k -28% - - 1.5k 3%
3.9 StorageCraft 2003 Draper Funded $187M - - - - 23 80k 7.7k - - 5k 6% - - -33 -
3.8 Cloud Backup 2010
Boulogne-
billancourt
Unfunded - - - - 4 - - 284 - - - - - - - -
3.7 Handy Backup 2010 Austin Unfunded - - - 2 4 - 287k 1.1k - - -30k -9% - - -21 -2%
3.5 Zetta 2007 Sunnyvale Acquired $45.3M - - - - 7 878k - - - 161k 21% - - - -
3.4 Cobalt IRON 2012 Lawrence Seed $1.5M - - - - 1 9.4M 198 - - -9.1M -49% - - 15 8%

Incubators Jerusalem Venture Partners (#1)
Seed Novak Biddle Venture Partners (#1), Valhalla 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
Skyera Dec - 2014
Acq by HGST
Whiptail Sep - 2013
Acq by Cisco for $415M
XtremIO May - 2012
Acq by EMC for $430M
Fabrik Feb - 2009
Acq by HitachiGST
$413k - Seed
Burlywood (2015, Longmont, $2.4M)
$25M - Series B
$2M - Seed
Burlywood (2015, Longmont, $2.4M)
$20M - Series A
NVXL Technology (2015, Fremont,
$20M)
$54M - Series B
$7.1M - Series B
Mangstor (2012, Austin, $26.3M)
Jun 2017 Tintri Files For Purposed IPO, Storage Review
Feb 2018 Vexata Assigned Patent, StorageNewsletter
Sep 2017
IMPORTANT TINTRI, INC. INVESTOR ALERT: Wolf
Haldenstein Adler Freeman & Herz LLP announces that a
securities class action lawsuit has been filed in the United
States District Court for the Central District of California on
behalf of investors who purchased Tintri, Inc. , GlobeNewswire
Sep 2017
Cirrus wins contract to deploy Pure Storage solutions for
Deakin University, CRN
Nov 2017
AccelStor Revs Up NeoSapphire All-Flash Array Portfolio for
Next Generation Cloud Application, Business Wire
Feb 2013
Skyera Closes $51.6M in Second Financing Round |FinSMEs,
FinSMEs
Aug 2013
Pure Storage Snags $150 Million Capital Infusion | Data
Center Knowledge, Data Center Knowledge
Aug 2011
Press Release - Pure Storage Raises $30M in Series C
Financing for All-Flash Enterprise Array Technology, Pure
Storage
Mar 2017
Pure Storage Announces Record Fourth Quarter and Fiscal
Year 2017 Financial Results, PR Newswire
Oct 2017
Khang & Khang LLP Announces Securities Class Action
Lawsuit against Tintri, Inc. and Encourages Investors with
Losses to Contact the Firm, 4-Traders
Mar 2017 Pure Storage drives software-as-a-service, ITP
Sep 2017
Tintri Appoints Michael Lombardo as VP of Channel Sales -
NewsCenter.io, NewsCenter
News
0
1
2
3
4
5
6
7
$0k
$100M
$200M
$300M
$400M
$500M
$600M
2014 2015 2016 2017 2018
YoY Funding Rounds
7
7
14
19
29
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Storage Media > All Flash Arrays: Market Factsheet
66
Exits
Recent Investments
Companies that provide flash
array system that contains
multiple flash memory drives
instead of spinning hard disk
drives.
Kaminario
(2008, Yokneam Illit, $218M)
SolidFire
(2010, Boulder, $150M)
Vexata
(2014, San Jose, $54M)
Skyera
(2010, San Jose, $51.6M)
Fabrik
(2005, San Mateo, $51.3M)
Top Companies
Enterprise Storage > Market Details > Market: All Flash Arrays
Companies Created 29 | Funded 19 | Total Funding $1.5B
Market: All Flash Arrays

Storage Media > All Flash Arrays: Top Companies
Analyst’s Pick
Firsthand Technology Value Fund, T. Rowe Price,
Sutter Hill Ventures and 12 Other Investors
Insight Venture Partners, New Enterprise
Associates, Menlo Ventures and 6 Other Investors
applications
Mayfield, Intel Capital, Lightspeed Venture
Partners, Redline Capital Management
Analyst’s Pick
Minicorn. Stage: Series B
Shunwei Capital, SVS Ventures, Westlake Venture

68
Storage Media > All Flash Arrays: Leaderboard
Overall
Rating
Company
Name
Foun
ded
Year
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0 Pure Storage 2009
Mountain
View
Public $528M - 5 - - 83 61k 71k 7k 29 -15k -19% 7 29% -701 -1%
4.8 Tintri 2008
Mountain
View
Public $260M 5 5 - - 64 292k 59k 300 15 6k 2% - - -2270 -4%
4.6 Vexata 2014 San Jose Series B $54M 5 - - 3 12 1.6M 2.7k - - -625k -29% - - 1.2k 78%
4.4 Kaminario 2008
Yokneam
Illit
Series F $218M - - - - 27 644k 2.8k - - -78k -11% - - 7 -
4.3 Skyera 2010 San Jose Acquired $51.6M - - - - 4 10M 1.3k - - - - - - 201 19%
4.1 Violin Memory 2005 Santa Clara Unfunded - - - - 5 - - 5 - - - - - - - -
3.9 Violin Systems 2005 San Jose Funded - - - - 4 4 1.4M 25k - -
-
26.3M
-95% - - -1503 -5%
3.7
GridIron
Systems
2007 Sunnyvale Acquired $13M - - - - - 10M 91 - - - - - - - -
3.5 SolidFire 2010 Boulder Acquired $150M - - - - 4 1.1M - - - -1.5M -60% - - - -
3.3 StorTrends 2010 Chennai Unfunded - - - - 3 - 2.5M 22 - -
-
10.9M
-82% - - 5 22%
3.1 Nimbus Data 2006
San
Francisco
Seed $2M - - - - 3 1.2M 5.2k - - -7.2M -86% - - -403 -7%
3.0 Whiptail 2008 Whippany Acquired $41M - - - - - 866k - - - - - - - - -
2.8
Graphite
Systems
2012
Mountain
View
Acquired $1.5M - - - - - 10M 8 - - - - - - - -

Enterprise Storage > Market Details > Market: Software Defined Storage
Market: Software Defined Storage

Enterprise Storage > Market Details > Market: Hybrid Storage
Companies Created 22 | Funded 18 | Total Funding $1.3B
Market: Hybrid Storage

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

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

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
80
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies (1/3)
82
Performance indicators of public companies in Enterprise Storage
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Jun 2017
Tintri (2008, Mountain View)
$35.4M $216M NASDAQ:TNTR
Sep 2016
Nutanix (2009, San Jose)
$9.6B $2.2B $767M NASDAQ:NTNX
Apr 2016
$281M $2.5M ASX:INM
Oct 2015
Pure Storage (2009, Mountain View)
$5.5B $425M $728M NYSE:PSTG
Mar 2015
$2.5M CNSX:DDB
Nov 2013
Industrial embedded flash and DRAM storage peripherals
$143M TPE:5289
Sep 2012
$127M $505M NYSE:QTM
Aug 2011
Carbonite (2005, Boston)
Hybrid Backup and recovery for consumers and small business
$1B $240M $207M NASDAQ:CARB
Sep 2010
4DS Memory (2007, Fremont)
Interface switching ReRAM
$7.6M $53.3k ASX:4DS
Jun 2009
$547k CVE:LTV
Enterprise Storage > Exit Outlook > Public Companies

83
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Sep 2006
$3.1B $604M $651M NASDAQ:CVLT
Jan 2003
Media Conglomerate providing production and distribution services
$663M
OTCMKTS:TCLR
Y
Dec 2002
$16.2B $5.1B $10.8B 15.71 NASDAQ:STX
Aug 2001
$30.3M NASDAQ:FALC
Oct 1999
Crossroads (1996, Austin)
$461M $674k CRDS
Feb 1997
Overland Storage (1980, San Jose)
NASDAQ:OVRL
Nov 1995
Enterprise information management and storage solutions
$18.5B $5.5B 22.18 NASDAQ:NTAP
Jun 1995
Tool coating, optical storage and SiP chip manufacturer
$83.2M TPE:8053
Nov 1978
$25.2B $19.1B 7.49 NASDAQ:WDC
Dropsuite (2012, Singapore)
Back up products
$995k ASX:DSE

84
IPO Date Company
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
IceWEB (1994, Sterling)
Manufacturer of compact shared storage workflow controller and
PCIe Storage
TYO:6976
$58.9M 11.39 JSE:MFL

Notable Acquisitions (1/9)
85
Notable Acquisitions in Enterprise Storage
Enterprise Storage > Exit Outlook > Notable Acquisitions
2018 YTD
Acquirer: Microchip Deal: $8.4B
its power products
Acquirer: Carbonite Deal: $146M
customers
Acquirer: Cisco
applications
Acquirer: Microsoft
Avere (2008, Pittsburgh, $97M)
NAS optimisation solution
2017
Acquirer: Vista Equity Partners
Acquirer: Barracuda Deal: $55M
Sonian (2007, Dedham, $37.7M)
Cloud based Archiving as a Service
Acquirer: Cisco Deal: $320M
Acquirer: Wooxo
Atempo (1992, Paris, $28.2M)
Back up and recovery solutions
Acquirer: Western Digital
2017
Acquirer: Hive-IO
$34.2M)
Virtual Desktop Infrastructure | Software defined
storage
Acquirer: EagleTree Capital Deal: $525M
DRAM and SSDs
Acquirer: HyTrust
DataGravity (2012, Nashua, $92M)
Cloud data monitoring, threat detection and
incident response
Acquirer: Arcserve
Zetta (2007, Sunnyvale, $45.3M)
Enterprise-grade Online Backup
Acquirer: Herald Investment Management
Adesto (2007, Sunnyvale, $72.7M)
Low power CBRAM for IoT, health

86
2017
Acquirer: Hewlett Packard Enterprise
Deal: $1.1B
Acquirer: StorageCraft
Exablox (2010, Sunnyvale, $52.5M)
Network Attached Storage System
Deal: $650M
2016
Acquirer: Dell Deal: $67B
Response | EMC
Acquirer: Nutanix
PernixData (2012, San Jose, $62M)
Server side flash virtualization
Deal: $275M
SGI (1980, Fremont)
manufacturer
Acquirer: Cavium Deal: $1.4B
Acquirer: NetApp Deal: $870M
2016
Acquirer: The Carlyle Group Deal: $7.4B
Information Mangagement & backup appliances and
software

87
2015
Acquirer: Micron Deal: $4B
Acquirer: Western Digital Deal: $19B
Acquirer: IBM
Cleversafe (2004, Chicago, $102M)
Hybrid data storage technologies
Acquirer: j2 Global
Livevault Corp (1993, Boston, $20M)
Managed cloud server backup and recovery
Acquirer:
Drobo (2004, San Jose, $53M)
Data Storage
Acquirer: Seagate Deal: $694M
2015
Acquirer: HGST
Amplidata (2008, Lochristi, $44.1M)
Object-based Software Defined Storage Platform
2014
Acquirer: HGST
Skyera (2010, San Jose, $51.6M)
Enterprise Solid-State Storage
Acquirer: EMC
Maginatics (2010, Mountain View, $27M)
NAS for Highly-Distributed Environments
Acquirer: Hitachi Data Systems
Sepaton (2003, Marlborough, $37.5M)
Backup and Recovery appliance
Acquirer: SanDisk Deal: $1.1B
Acquirer: Oracle
GreenBytes (2007, Providence, $35M)
Virtual Desktop Storage Systems

88
2014
Acquirer: Red Hat Deal: $175M
InktankProtected Tweets (2012, Los Angeles,
$14.4M)
system
Acquirer: Toshiba
OCZ Storage Solutions (2002, San Jose, $69M)
Solid State Drives
2013
Acquirer: Silver Lake Deal: $24.9B
company
Acquirer: Western Digital Deal: $685M
Products
Acquirer: SanDisk Deal: $307M
2013
Acquirer: Imation Deal: $120M

89
2012
Acquirer: Microsoft
StorSimple (2009, Santa Clara, $31.5M)
Hybrid cloud storage provider
Acquirer: SanDisk
Schooner Information Technology (2007,
Sunnyvale, $35M)
Caching Software for Hybrid Storage Systems
Acquirer: EMC Deal: $430M
SSD Data Storage
Acquirer: Western Digital Deal: $4.8B
Acquirer: Micron
Virtensys (2005, Beaverton, $40M)
PCIe Sharing appliances and solutions
2011
Acquirer: Apple Deal: $500M
Acquirer: Hitachi
BlueArc (1998, San Jose, $221M)
Unified network storage systems
Acquirer: Imation
ProStor Systems (2004, Boulder, $30.4M)
Removable disk storage systems for enterprises
Acquirer: SanDisk Deal: $327M
2010
Acquirer: Dell Deal: $800M
Prairie, $29.3M)
Acquirer: EMC Deal: $2.2B
Acquirer: Hewlett-Packard Deal: $2.4B
Acquirer: IBM Deal: $140M
Acquirer: Dell
Ocarina Networks (2007, San Jose, $23M)
On-line Storage Optimization
Acquirer: hsin@vmemapj
Gear6 (2006, Mountain View, $24.5M)
Memcached solutions

90
2010
Acquirer: SGI Deal: $2M
Copan Systems (2002, Longmont, $110M)
Data storage peripherals
Deal: $2M
COPAN Systems (2002, Longmont, $108M)
Storage archive solutions for long-term persistent
data
Acquirer: Iron Mountain Deal: $112M
Acquirer: Micron Deal: $1.3B
Numonyx (2008, Rolle, $150M)
Non-volatile memory design for consumer and
industrial needs
Exanet (2000, Ra'anana, $35M)
network attached storage systems
2009
Acquirer: LSI Deal: $25M
ONStor (2000, Campbell, $65.8M)
Acquirer: Hewlett-Packard
IBRIX (1999, Billerica, $59.6M)
Scale-out NAS platform
Acquirer: HitachiGST
Fabrik (2005, San Mateo, $51.3M)
Hardware flash storage and online storage solutions
Acquirer: F5 Networks
Attune Systems (1999, Santa Clara, $33M)
File Management solutions
Acquirer: Quest Software
MonoSphere (2001, Redwood City, $37.4M)
Storage capacity management software
Before 2008
Acquirer: Hewlett-Packard Deal: $360M
System Interface)
Acquirer: Adaptec Deal: $41M
Aristos Logic (2000, Foothill Ranch, $105M)
Redundant array of independent disk (RAID)
solutions
Acquirer: Symantec Deal: $123M
appliances

91
Before 2008
Acquirer: Dell Deal: $1.4B
Acquirer: F5 Networks Deal: $210M
Acquirer: Autonomy Deal: $375M
Acquirer: Cisco
NeoPath Networks (2002, Mountain View,
$29M)
Develops Network File Management solutions
Polyserve (1998, Beaverton, $73.5M)
Storage software for clustering NAS appliances
Acquirer: Hitachi Deal: $120M
Before 2008
Acquirer: Xyratex
ARIO Data Networks (2000, San Jose, $34.5M)
storage solutions and RAID controllers
Revivio (2001, Massachusetts, $55.5M)
Continuous data protection based data backup and
recovery appliance
Acquirer: LSI Deal: $50M
StoreAge (1999, Haifa, $39M)
Split-path storage management solution
Acquirer: Brocade Communication
Systems Deal: $713M
Before 2008
Acquirer: Opsware Deal: $10M
CreekPath Systems (1999, Longmont, $61M)
Storage Management Solution
Acquirer: Atempo
Storactive (1998, Marina Del Rey, $23.7M)
Continuous data protection for Windows PCs and
Exchange Servers
Acquirer: Dynamic Network Factory
StoneFly (2000, Hayward, $34M)
SAN, NAS solutions provider
Acquirer: QLogic Deal: $36.5M
Troika Networks (1998, Westlake Village,
$90M)
Storage virtualization platform
AppIQ (2001, Burlington, $20M)
Storage resource management software

92
Before 2008
Acquirer: Infor
Formation Data (2013, Fremont, $60.2M)
Software defined storage platform
Maranti (2000, San Jose, $57M)
Network storage service controller
Acquirer: Iron Mountain Deal: $117M
Actona Technologies (2000, San Francisco,
$23M)
Wide-Area File Storage Services
Acquirer: K1 Investment Management
Deal: $215M
Before 2008
Acquirer: Applied Micro Circuits
3Ware (1997, San Francisco, $69M)
RAID Storage Solutions
Sistina (1997, Minneapolis, $25.4M)
Global File System (GFS) software provider
Acquirer: McData Deal: $102M
Acquirer: McData Deal: $83M
Nishan Systems (1998, San Jose, $80M)
IP storage networking solutions
Before 2008
Acquirer: Sanmina
Newisys - A Division of Sanmina
Corporation (2000, San Jose, $55M)
Designs and manufactures server and storage
solutions for data centers
Acquirer: Legato Deal: $403M
Acquirer: ADIC Deal: $265M
Acquirer: Emulex Deal: $645M

93
Before 2008
Grove)
$30M)
Acquirer: Herald Investment Management
Everspin (2003, Chandler, $68.3M)
Memory and storage solutions

Most Active Acquirers
94
Enterprise Storage > Exit Outlook > Most Active Acquirers

Date Target
Aug-14 R1Soft Acq by Continuum
Aug-14 BackUp My Info Acq by j2 Global
Jul-14 Mezeo Software Acq by Zimbra
Jul-14 TwinStrata Acq by EMC
Jun-14 Revinetix Acq by Infrascale
Jun-14 EverSync Acq by Infrascale
Jun-14 Ilesfay Acq by Autodesk
May-14 DSSD Acq by EMC
Feb-14 Livedrive Acq by j2 Global
Dec-13 PHD Virtual Acq by Unitrends
Oct-13 Backup Technology Acq by Iomart
Jul-13 VeloBit Acq by Western Digital
Jun-13 ScaleIO Acq by EMC
May-13 IASO Backup Acq by LogicNow
Acqui-hires (1/2)
95
List of Acqui-hires in Enterprise Storage
Excludes all details for Chinese companies
Date Target
Jul-18 ioSafe Acq by CRU
Mar-18 Infinity Storage Acq by Cloudian
Feb-18 Datos Acq by Rubrik
Jan-18 N2W Software Acq by Veeam
Nov-17 Minebox Acq by ClearCenter
Aug-17 Datacastle Acq by Carbonite
Jul-17 Permabit Acq by Red Hat
May-17 Plexistor Acq by NetApp
May-17 Cirrascale Acq by BOXX
Apr-17
Spanning Acq by Insight Venture
Partners
Nov-16 openATTIC Acq by Suse
Oct-16 Mpstor Acq by Sanmina
Aug-16 Memopal Acq by Defenx
Jun-16 Boxbee Acq by Iron Mountain
Date Target
May-16 Thecus Acq by Ennoconn
Feb-16
Trilead Acq by Hewlett Packard
Enterprise
Jan-16 NexGen Storage Acq by Pivot3
Dec-15 EVault Acq by Carbonite
Oct-15 Connected Data Acq by Imation
Sep-15 Graphite Systems Acq by EMC
Sep-15 Attix5 Acq by Redstor
Jan-15 Sanbolic Acq by Citrix
Dec-14 Backupify Acq by Datto
Nov-14 Proximal Data Acq by Samsung
Oct-14 VCE Acq by Dell Inc
Sep-14 Zovy Acq by Alta Equity Partners
Sep-14 BackupAgent Acq by Acronis
Aug-14 Active Circle Acq by Oodrive
Enterprise Storage > Exit Outlook > Acqui-hires

Date Target
May-08 DocuVault Acq by Iron Mountain
Apr-08 WysDM Acq by EMC
Jan-08 Estorian Acq by Teracloud
Jan-08 Arkivio Acq by Rocket Software
Dec-07 XIV Storage Acq by IBM
Jul-07
Smart Disk Acq by Verbatim
Corporation
May-07 Infrant Technologies Acq by NETGEAR
Aug-06
Terrascale Acq by Silicon Graphics
International Corp
Jul-06 DataBank Acq by Freightways
Jun-06 String Bean Software Acq by Microsoft
Sep-05 Mirra Acq by Seagate
Jun-05 Reldata Acq by Starboard Storage
Mar-05 InterSAN Acq by Finisar
Nov-04 Allocity Acq by EMC
Acqui-hires (2/2)
96
List of Acqui-hires in Enterprise Storage
Date Target
Jan-13 GridIron Systems Acq by Violin Memory
Dec-12 NVELO Acq by Samsung
Dec-12 Arkeia Acq by Western Digital
Nov-12 Cache IQ Acq by NetApp
Sep-12
Cofio Software Acq by Hitachi Data
Systems
Sep-12 Tivoli Acq by IBM
Aug-12 Texas Memory Systems Acq by IBM
Jul-12 Whamcloud Acq by Intel
Feb-12 AppAssure Acq by Dell
Feb-12 FlashSoft Acq by SanDisk
Jan-12 Sanrad Acq by OCZ Storage Solutions
Oct-11
NetBlender Acq by Sony Creative
Software
Aug-11 IO Turbine Acq by Fusion-io
Jun-11 Pillar Data Acq by Oracle
Date Target
Jun-11 Pancetera Acq by Quantum
May-11 SafeData Acq by Data Storage Corp
Nov-10
BakBone Software Acq by Quest
Software
Oct-10 KeepItSafe Acq by j2 Global
Aug-10 Parascale Acq by Hitachi
May-10 Bycast Acq by NetApp
Jan-10
Cloverleaf Communications Acq by Dot
Hill
Nov-09 Hi-Stor Technologies Acq by Quotium
Jan-09
Yosemite Technologies Acq by
Barracuda
Jan-09
Plasmon Acq by Alliance Storage
Technologies
Jan-09 Q-Layer Acq by Sun Microsystems
Nov-08 BitLeap Acq by Barracuda
Jul-08 emBoot Acq by Double-Take Software
Jun-08 Snap Appliance Acq by Overland Storage
Enterprise Storage > Exit Outlook > Acqui-hires
View all 95 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
97
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Enterprise Storage > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Enterprise Storage; Last 5 years (Aug 2013 - Jul 2018)
Index of Most Active VC & PE Investors
SEED STAGE
Accel Partners
Index Ventures
Khosla Ventures
GV
AME Cloud Ventures
Partech
Floodgate Fund
Ludlow Ventures
Stage 1 Ventures
Arizona Tech Investors
Almaz Capital
Altair Capital
EARLY STAGE
Intel Capital (9 Investments)
Lightspeed Venture Partners (6 Investments)
Battery Ventures (5 Investments)
Accel Partners (3 Investments)
Western Digital Capital (3 Investments)
Qualcomm Ventures (3 Investments)
Mayfield (3 Investments)
New Enterprise Associates (2 Investments)
Kleiner Perkins (2 Investments)
Redpoint Ventures (2 Investments)
Pelion Venture Partners (2 Investments)
True Ventures (2 Investments)
Partech (2 Investments)
Osage Partners (2 Investments)
Greylock Partners
LATE STAGE
Western Digital Capital (5 Investments)
Cisco Investments (4 Investments)
Meritech Capital Partners (2 Investments)
Tiger Global Management (2 Investments)
83North (2 Investments)
IVP (2 Investments)
Greenspring Associates (2 Investments)
Tyche Partners (2 Investments)
Accel Partners
Kleiner Perkins
Intel Capital
Charles River Ventures
Menlo Ventures
DFJ
Tenaya Capital

Accel Partners
100
Portfolio in Enterprise Storage | Exits | Funds Link | Website | LinkedIn | Twitter
Enterprise Storage > Investors > Accel Partners
People
Investments
[Soonicorn] Cohesity (2013, Santa Clara, $410M, Series D)
Hybrid secondary storage with insights and analytics
[Soonicorn] Code42 (2001, Minneapolis, $138M, Series B)
Cloud based endpoint data protection, backup & security solution
Enterprise Storage Notable Portfolio
[Unicorn] Ola (2011, Bangalore, $2.8B, Series I)
App-based asset-light cab operator
[Unicorn] Facebook (2004, Menlo Park, $2.3B, Public)
Social networking site
[Unicorn] Spotify (2006, Stockholm, $2.1B, Public)
Global on-demand music streaming platform
[Unicorn] Groupon (2008, Chicago, $1.1B, Public)
Daily deals website
[Unicorn] Cloudera (2008, Palo Alto, $1B, Public)
Commercialised versions of Hadoop distributions
[Unicorn] Deliveroo (2013, London, $958M, Series F)
Online platform to order food for delivery from partnered restaurants
[Unicorn] Slack (2009, San Francisco, $841M, Series G)
Real-time messaging, archiving and search for enterprise teams.
[Unicorn] Dropbox (2007, San Francisco, $607M, Public)
Cloud-based file sharing and synchronization software
[Unicorn] DocuSign (2003, San Francisco, $522M, Series F)
Digital Transaction Management Tool
[Unicorn] CrowdStrike (2011, Irvine, $481M, Series E)
AI-based endpoint threat detection platform
[Unicorn] Swiggy (2014, Bangalore, $469M, Series G)
Online platform that delivers food from restaurants
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Jim Swartz
Co-Founder
Arthur
Patterson
Co-Founder
Geographical Spread Stage of Entry
Apr 2018
Code42 Named as Winner of Two Cyber Defense
Magazine InfoSec Awards for 2018, Business Wire
Apr 2018
Code42 Launches Forensic File Search, Advancing its
Enterprise Security Capabilities, Business Wire
Mar 2018 Code 42 Software Assigned Patent, StorageNewsletter
Mar 2018
Code42 Receives Industry Recognition for its Enterprise
Security Solution, Business Wire
Jan 2018
Code42 Enhances Its Data Security and Recovery
Solutions in a Market Defined by Global Cyberattacks,
Business Wire
Oct 2017
Code42 Hires Rob Juncker as Senior Vice President of
Product Development | Business Wire, Business Wire
Sep 2017
Code42 Named to Inc. 5000 for Seventh Consecutive Year
| Business Wire, Business Wire
Aug 2017
Cloud Storage Company Ends Free Data Backup Service
For Consumers | Fortune, Fortune
Aug 2017
Top 100 Cloud Company Code42 Surpasses $100 Million
in Business Revenue; Growth Driven By Customer Focus
on Endpoint Data Protection Solutions | Business Wire,
Business Wire
SimpliVity
(2009, Westborough, $276M)
Acq by Hewlett Packard
Enterprise - Jan 2017
Virident Systems
(2006, Milpitas, $116M)
Acq by Western Digital - Sep
2013
Fusion-io
(2006, Salt Lake City, $112M)
Acq by SanDisk - Jun 2014
DataGravity
(2012, Nashua, $92M)
Acq by HyTrust - Jul 2017
Nimble Storage
(2007, San Jose, $90.5M)
Acq by Hewlett Packard
Enterprise - Mar 2017
Acopia Networks
(2002, Lowell, $86M)
Acq by F5 Networks - Aug 2007
1
2 2
1
1
1
1
1
2013 2014 2015 2016 2017 2018
Follow On New Investments
1
3
3
3
2
Undisclosed
Series C+
Series B
Series A
Seed10
1
1
-
-
US
Israel
India

Index Ventures
101
Enterprise Storage > Investors > Index Ventures
People
Investments
[Unicorn] Facebook (2004, Menlo Park, $2.3B, Public)
Social networking site
[Unicorn] Deliveroo (2013, London, $958M, Series F)
Online platform to order food for delivery from partnered restaurants
[Unicorn] Slack (2009, San Francisco, $841M, Series G)
Real-time messaging, archiving and search for enterprise teams.
[Unicorn] Farfetch (2008, London, $709M, Series G)
Online marketplace selling designer items
[Unicorn] Dropbox (2007, San Francisco, $607M, Public)
Cloud-based file sharing and synchronization software
[Unicorn] Robinhood (2012, Palo Alto, $539M, Series D)
Zero commission trading app
[Unicorn] Bird (2017, Santa Monica, $418M, Series C)
Electric kick scooter sharing service
[Unicorn] TransferWise (2010, London, $397M, Series E)
International money transmitter based on currency swaps
[Unicorn] Funding Circle (2010, London, $373M, Series F)
P2P lending marketplace for small businesses
[Unicorn] Revolut (2014, London, $340M, Series C)
Cloud money app for currency exchange.
[Unicorn] BlaBlaCar (2006, Paris, $336M, Series D)
Long Distance Ride Sharing
[Unicorn] Lookout (2007, San Francisco, $284M, Series G)
Mobile device protection against malware
[Unicorn] Adyen (2006, Amsterdam, $266M, Series C)
International and omni-channel payment solutions provider
[Unicorn] Zuora (2007, Foster City, $250M, Series F)
Subscription billing and management
Top Exits
Neil Rimer
Co-Founder
Jul 2018
Pure Storage Launches FlashStack With FlashBlade to
Accelerate Data Warehouses, StorageNewsletter
May 2018
Pure Storage Launches New Partner Program, PR
Newswire
Jan 2018
Bjoern Buch Team Lead Systems Engineering, Pure
Storage, StorageNewsletter
Sep 2017
Cirrus wins contract to deploy Pure Storage solutions for
Deakin University, CRN
Aug 2017
Pure Storage: Fiscal 2Q18 Financial Results,
StorageNewsletter
Aug 2017
Dicker Data to launch Australian IoT community to
support channel partners, CRN
Jul 2017
Pure Storage introduces data platform for VN businesses,
VietNam Breaking News
Apr 2017
Integration Between Rubrik and Pure Storage,
StorageNewsletter
Apr 2017
Pure Storage Unveils FlashArray//X Enterprise All-NVMe
Flash Array System, StorageNewsletter
Mar 2017 Pure Storage drives software-as-a-service, ITP
Skyport Systems
Acq by Cisco - Jan 2018
StorSimple
(2009, Santa Clara, $31.5M)
Acq by Microsoft - Oct 2012
Gluster
Acq by Red Hat - Oct 2011
Pure Storage
IPO - Oct 2015
1 1 1
2
2013 2014 2015 2016 2017 2018
-
1
2
1
1
Undisclosed
Series C+
Series B
Series A
Seed5
-
-
-
-
US

102
Enterprise Storage > Investors > Nexus Venture Partners
People
Investments
[Soonicorn] Druva (2008, Pune, $200M, Series F)
[Minicorn] CloudByte (2010, Bangalore, $6.1M, Series B)
Storage solution for Cloud Service Providers
Enterprise Storage Notable Portfolio
[Unicorn] Snapdeal (2007, Delhi, $1.8B, Series H)
Online horizontal marketplace
[Unicorn] Zomato (2008, Gurgaon, $376M, Series H)
Online platform for food discovery, ordering table booking at
restaurants
[Unicorn] Clover Health (2014, San Francisco, $325M, Series D)
Healthcare insurance for senior citizens
[Unicorn] ShopClues (2011, Gurgaon, $249M, Series E)
Ecommerce retail marketplace
[Soonicorn] Delhivery (2011, Delhi, $264M, Series E)
Logistics services for Indian eCommerce companies
[Soonicorn] Kaltura (2006, New York City, $144M, Series F)
Open source video platform
[Soonicorn] Aryaka Networks (2009, Milpitas, $125M, Series
D)
WAN optimization and Accelerated application delivery
[Soonicorn] PubMatic (2006, Redwood City, $76M, Series E)
Sell-Side Platform
[Soonicorn] H2O.ai (2011, Mountain View, $75M, Series C)
Provides an open source machine learning platform
[Soonicorn] MapmyIndia (1992, Delhi, $46.4M, Series C)
Provider of map data, GPS based navigation products and mobile apps
Top Exits
Suvir Sujan
Co-Founder
Sandeep Singhal
Co-Founder
Feb 2018
Druva Cloud Data Protection and Management Solutions
Available on AWS AsiaPac Region, StorageNewsletter
Dec 2017
Druva Reveals 2017 AWS Cloud Data Protection Survey,
GlobeNewswire
Dec 2017
Druva Extends Market Leadership with Record Growth in
Cloud Data Protection and Management , GlobeNewswire
Nov 2017
Druva Introduces Next Generation Cloud-to-Cloud Data
Protection with Apollo for AWS, DATAVERSITY
Nov 2017
Druva Achieves FedRAMP Authority to Operate,
GlobeNewswire
Sep 2017
Druva Extends Its Cloud Data Protection and Workload
Mobility Portfolio with Microsoft Hyper-V Support ,
GlobeNewswire
Aug 2017 Port of New Orleans Deployed Druva, StorageNewsletter
Aug 2017 WorkForce Software Opts for Druva, StorageNewsletter
Jun 2017
Druva Extends Comprehensive Data Protection and
Governance Capabilities to Microsoft SharePoint Online,
Marketwired
Gluster
Acq by Red Hat - Oct 2011
2
1 1
2
1
2013 2014 2015 2016 2017 2018
1
-
1
3
1
Undisclosed
Series C+
Series B
Series A
Seed4
2
-
-
-
India
US

Khosla Ventures
103
Enterprise Storage > Investors > Khosla Ventures

GV
104
Enterprise Storage > Investors > GV

105
Enterprise Storage > Investors > General Catalyst Partners

AME Cloud Ventures
106
Enterprise Storage > Investors > AME Cloud Ventures

Partech
107
Enterprise Storage > Investors > Partech

108
Enterprise Storage > Investors > Exfinity Venture Partners

Floodgate Fund
109
Enterprise Storage > Investors > Floodgate Fund

Ludlow Ventures
110
Enterprise Storage > Investors > Ludlow Ventures

Stage 1 Ventures
111
Enterprise Storage > Investors > Stage 1 Ventures

Arizona Tech Investors
112
Enterprise Storage > Investors > Arizona Tech Investors

Almaz Capital
113
Enterprise Storage > Investors > Almaz Capital

Altair Capital
114
Enterprise Storage > Investors > Altair Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
115
Seed Stage
Early Stage
Late Stage

Intel Capital
116
Enterprise Storage > Investors > Intel Capital

Lightspeed Venture Partners
117
Enterprise Storage > Investors > Lightspeed Venture Partners

Battery Ventures
118
Enterprise Storage > Investors > Battery Ventures

Accel Partners
119

Western Digital Capital
120
Enterprise Storage > Investors > Western Digital Capital

Qualcomm Ventures
121
Enterprise Storage > Investors > Qualcomm Ventures

Mayfield
122
Enterprise Storage > Investors > Mayfield

New Enterprise Associates
123
Enterprise Storage > Investors > New Enterprise Associates

Kleiner Perkins
124
Enterprise Storage > Investors > Kleiner Perkins

Redpoint Ventures
125
Enterprise Storage > Investors > Redpoint Ventures

Pelion Venture Partners
126
Enterprise Storage > Investors > Pelion Venture Partners

True Ventures
127
Enterprise Storage > Investors > True Ventures

Partech
128
Enterprise Storage > Investors > Partech

Osage Partners
129
Enterprise Storage > Investors > Osage Partners

Greylock Partners
130
Enterprise Storage > Investors > Greylock Partners

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
131
Seed Stage
Early Stage
Late Stage

Western Digital Capital
132
Enterprise Storage > Investors > Western Digital Capital

Cisco Investments
133
Enterprise Storage > Investors > Cisco Investments

Meritech Capital Partners
134
Enterprise Storage > Investors > Meritech Capital Partners

Tiger Global Management
135
Enterprise Storage > Investors > Tiger Global Management

83North
136
Enterprise Storage > Investors > 83North

IVP
137
Enterprise Storage > Investors > IVP

Greenspring Associates
138
Enterprise Storage > Investors > Greenspring Associates

Tyche Partners
139
Enterprise Storage > Investors > Tyche Partners

Accel Partners
140

Kleiner Perkins
141
Enterprise Storage > Investors > Kleiner Perkins

Intel Capital
142
Enterprise Storage > Investors > Intel Capital

Charles River Ventures
143
Enterprise Storage > Investors > Charles River Ventures

Menlo Ventures
144
Enterprise Storage > Investors > Menlo Ventures

DFJ
145
Enterprise Storage > Investors > DFJ

Tenaya Capital
146
Enterprise Storage > Investors > Tenaya Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
147
Incubators
Other Notable Investors
Debt Investors

Enterprise Storage > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in Enterprise Storage; Q2 2013 - Q2 2018
Index of Ecosystem Investors
INCUBATOR
Techstars (2 Investments)
500 Startups
SK Telecom Americas Innopartners
Startup Wise Guys
OTHER NOTABLE INVESTORS
Dell Technologies (5 Investments)
Credit Suisse (4 Investments)
Goldman Sachs (3 Investments)
National Science Foundation (3 Investments)
Silver Lake (3 Investments)
ABRT Venture Fund (2 Investments)
Akamai (2 Investments)
Digital (2 Investments)
Hewlett Packard Enterprise (2 Investments)
Morgan Stanley (2 Investments)
Northern Light Venture Capital (2 Investments)
Riverwood Capital (2 Investments)
Samsung Venture Investment (2 Investments)
Seagate (2 Investments)
Square 1 Bank (2 Investments)
DEBT INVESTORS
Western Technology Investment (17
Investments)
Hercules Capital (5 Investments)
Kreos Capital (5 Investments)
Eastward Capital Partners (3 Investments)
Leader Ventures (3 Investments)
Capital Finance Group (2 Investments)
Silicon Valley Bank (2 Investments)
TPG (2 Investments)
BlackRock
Harbert Management
Pinnacle Ventures
Trinity Capital Investment

Techstars
149
Enterprise Storage > Investors > Techstars
People
Investments
[Unicorn] Uber (2009, San Francisco, $12B, Series G)
Mobile app that connects passengers with vehicle drivers for hire
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Soonicorn] ClassPass (2011, New York City, $307M, Series D)
Membership programs for fitness classes across multiple gyms
[Soonicorn] Remitly (2011, Seattle, $227M, Series D)
Cross-border money transfer using banking networks.
[Soonicorn] Leanplum (2012, San Francisco, $145M, Series D)
Mobile A/B testing, personalization & analytics platform
[Soonicorn] DigitalOcean (2011, New York City, $134M, Series
B)
Cloud computing platform to build, deploy and scale cloud applications
[Soonicorn] DataRobot (2012, Boston, $125M, Series C)
Automated machine learning platform for data science applications
[Soonicorn] Outreach (2013, Seattle, $125M, Series D)
SaaS based Lead Engagement Tools
[Soonicorn] Sphero (2010, Boulder, $108M, Series D)
Smartphone controlled robotic gaming toy for kids
[Soonicorn] Placester (2008, Cambridge, $101M, Series D)
Real Estate Marketing platform
[Soonicorn] Degreed (2012, San Francisco, $85.6M, Series C)
e-Portfolio assessment
[Soonicorn] SendGrid (2009, Boulder, $80.5M, Public)
Email delivery and analytics
Top Exits
Brad Feld
Co-Founder
David Brown
Co-Founder and co-
CEO
David Cohen
Founder and co-CEO
Nov 2017
Valet-Storage Startup Boxbee Raises $5M in Series A
Funding | Inside Self-Storage, Inside Self
Jan 2017 Docker Acquires Infinit, FinSMEs
None
2
2013 2014 2015 2016 2017 2018
-
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed1
1
-
-
-
US
Europe

500 Startups
150
Enterprise Storage > Investors > 500 Startups
People
Investments
[Unicorn] Credit Karma (2007, San Francisco, $370M, Series D)
Aggregator of various consumer financial products.
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Unicorn] Canva (2012, Surry Hills, $82.6M, Series B)
Online design platform
[Soonicorn] Udemy (2010, San Francisco, $173M, Series D)
Marketplace for online courses
[Soonicorn] Carousell (2012, Singapore, $172M, Series C)
P2P mobile listing platform
[Soonicorn] Smule (2008, San Francisco, $144M, Series F)
Developer of social music-making & sharing apps
[Soonicorn] Flywire (2009, Boston, $143M, Series D)
Global money transfer in local currency
[Soonicorn] Breather (2012, Montreal, $120M, Series D)
On-demand Private Room Reservation
[Soonicorn] Ipsy (2011, San Mateo, $107M, Series B)
Subscription for beauty products
[Soonicorn] Life360 (2008, San Francisco, $89.7M, Series C)
Mobile app that connects family members and close friends
[Soonicorn] VTS (2011, New York City, $87.8M, Series C)
Leasing and asset management software for brokers, investors &
owners.
[Soonicorn] SendGrid (2009, Boulder, $80.5M, Public)
Email delivery and analytics
[Soonicorn] VivaReal (2009, Sao Paulo, $74.5M, Series C)
Real estate marketplace in Latin America
Top Exits
Dave McClure
Founder, Partner
Jul 2018
Dropsuite and Squalio Group in Data Protection
Partnership, StorageNewsletter
Jul 2018
Dropsuite Ltd paid users of global cloud software
platform up 33% in three weeks, Proactive Investors
Jun 2018
Dropsuite and Vietnam Hosting Provider Mat Bao Join
Forces, StorageNewsletter
Apr 2018
Brazilian Online Content and Digital Services Company
UOL Selects Dropsuite, StorageNewsletter
Apr 2018
Dropsuite Insights Module for Email Backup and
Archiving Software, StorageNewsletter
Feb 2018
Dropsuite, SMS Kick Off Backup Partnership to Safeguard
SMB Email in, BestProductsReview
Nov 2017
Valet-Storage Startup Boxbee Raises $5M in Series A
Funding | Inside Self-Storage, Inside Self
Sep 2017
Dropsuite Integrated With ConnectWise Manage Business
Management Platform, StorageNewsletter
Aug 2017
Dropsuite expands U.S. cloud marketplace partnership
with Ingram Micro Share , Proactive Investors
Dropsuite
(2012, Singapore, $5M)
IPO - Dec 1985
1 1
2013 2014 2015 2016 2017 2018
-
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed1
1
-
-
-
US
SEA

151
Enterprise Storage > Investors > Jerusalem Venture Partners
People
Investments
[Soonicorn] CyberArk (1999, Petah Tikva, $59M, Public)
Privileged account security solution
[Soonicorn] Altair (1985, Troy, $30.1M, Public)
Developer of simulation technology
[Soonicorn] AnyClip (2008, Jerusalem, $21M, Series B)
Video Marketing Solutions
[Soonicorn] Allot (1996, Hod Hasharon, Public)
Provider of virtualization solution, security and network analytics
[Minicorn] ThetaRay (2013, Jerusalem, $60M, Series C)
Big data analytics based cyber threats and operational risk detection
[Minicorn] iguazio (2014, Herzliya, $48M, Series B)
Streaming analytics platform for multiple industries
[Minicorn] GamEffective (2012, Tel Aviv, $21M, Series B)
Enterprise Gamification platform for Sales and Customer service
[Minicorn] MorphiSec (2014, Beersheba, $20.5M, Series B)
Infiltration prevention & forensics solution on endpoints
[Minicorn] AppDome (2011, Tel Aviv, $20.5M, Series A)
SaaS based dynamic application wrapping for mobile app protection
[Minicorn] Secret Double Octopus (2015, Beersheba, $7.5M,
Series A)
keyless networking framework for network security
[Minicorn] SecBi (2014, Beersheba, $5M, Series A)
Security business intelligence based incident investigation & response
[Minicorn] CoroNet (2013, Beersheba, Funded)
Threat detection & prevention over wifi & cellular networks
[Editor's Pick] Reef Point Systems (1998, Burlington, $52M,
Series B)
IP gateway based network infrastructure protection
Top Exits
Erel N Margalit
Founder / Managing
Partner
Apr 2018
Reduxio Wins 2018 Fortress Cyber Security Award,
Business Wire
Apr 2018
Reduxio Improving Operational Efficiency for BFL
Canada’s Virtual Infrastructure, StorageNewsletter
Mar 2018
Reduxio Recognized on List of Hottest Storage Startups,
Business Wire
Feb 2018
Reduxio Announces Continued Growth, Rapid Expansion
in Managed Service Provider Sector, Business Wire
Feb 2018
Alex Worrall Director of System Integration, Reduxio,
StorageNewsletter
Dec 2017
Frost & Sullivan Recognizes Reduxio as Technology
Innovation Leader with 2017 Data Storage & Management
Industry Award, Business Wire
Jun 2017
Reduxio V3 Unified Primary and Secondary Storage
Platform, StorageNewsletter
Jun 2017 Reduxio Systems Unveils Reduxio V3, Storage Review
May 2017 Reduxio Systems Assigned Patent, StorageNewsletter
Sepaton
(2003, Marlborough, $37.5M)
Acq by Hitachi Data Systems -
Aug 2014
XtremIO
Acq by EMC - May 2012
1 11
1
2013 2014 2015 2016 2017 2018
-
1
-
3
1
Undisclosed
Series C+
Series B
Series A
Seed3
2
-
-
-
Israel
US

152
Enterprise Storage > Investors > Magma Venture Partners

Startup Wise Guys
153
Enterprise Storage > Investors > Startup Wise Guys

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
154
Incubators
Debt Investors

Dell Technologies
155
Enterprise Storage > Investors > Dell Technologies

Credit Suisse
156
Enterprise Storage > Investors > Credit Suisse

Goldman Sachs
157
Enterprise Storage > Investors > Goldman Sachs

National Science Foundation
158
Enterprise Storage > Investors > National Science Foundation

Silver Lake
159
Enterprise Storage > Investors > Silver Lake

ABRT Venture Fund
160
Enterprise Storage > Investors > ABRT Venture Fund

Akamai
161
Enterprise Storage > Investors > Akamai

Digital
162
Enterprise Storage > Investors > Digital

Hewlett Packard Enterprise
163
Enterprise Storage > Investors > Hewlett Packard Enterprise

Morgan Stanley
164
Enterprise Storage > Investors > Morgan Stanley

Northern Light Venture Capital
165
Enterprise Storage > Investors > Northern Light Venture Capital

Riverwood Capital
166
Enterprise Storage > Investors > Riverwood Capital

Samsung Venture Investment
167
Enterprise Storage > Investors > Samsung Venture Investment

Seagate
168
Enterprise Storage > Investors > Seagate

Square 1 Bank
169
Enterprise Storage > Investors > Square 1 Bank

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
170
Incubators
Debt Investors

Western Technology Investment
171
Enterprise Storage > Investors > Western Technology Investment

Hercules Capital
172
Enterprise Storage > Investors > Hercules Capital

Kreos Capital
173
Enterprise Storage > Investors > Kreos Capital

Eastward Capital Partners
174
Enterprise Storage > Investors > Eastward Capital Partners

Leader Ventures
175
Enterprise Storage > Investors > Leader Ventures

Capital Finance Group
176
Enterprise Storage > Investors > Capital Finance Group

Silicon Valley Bank
177
Enterprise Storage > Investors > Silicon Valley Bank

TPG
178
Enterprise Storage > Investors > TPG

BlackRock
179
Enterprise Storage > Investors > BlackRock

Harbert Management
180
Enterprise Storage > Investors > Harbert Management

Pinnacle Ventures
181
Enterprise Storage > Investors > Pinnacle Ventures

Trinity Capital Investment
182
Enterprise Storage > Investors > Trinity Capital Investment

Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
183
Recent News

Recent News (1/2)
185
Enterprise Storage > News > Recent News
Aug 2018
Kaminario K2 Scores Highest in the Analytics and High Performance
Computing Use Cases in Gartner’s Critical Capabilities Report,
GlobeNewswire
Aug 2018 Datrium Introduces CloudShift, Storage Review
Aug 2018
Princess Nourah bint Abdulrahman University partners with Dell to
train and certify Saudi Arabia’s first female data scientists, Gulf
Tomorrow
Aug 2018
Top tips for businesses in the Middle East to prevent data
downtime, AMEinfo
Aug 2018
Western Digital Is Returning $5 Billion To Shareholders,
International Business Times
Aug 2018
Tesla’s board evaluating Elon Musk’s take-private plan, amid
deflating investor enthusiasm, The Business Journals
Aug 2018
ScaleFlux™ Wins Best-of-Show Award at Flash Memory Summit
2018, Business Wire
Aug 2018
Code42 Exhibits and Speaks at CIO 100 Symposium and Awards
Ceremony, Business Wire
Aug 2018
DreamWorks Picks Up Predictive Analytics Tools for Animators,
Animation Magazine
Aug 2018
Portworx Expands Container Data Management Options for Amazon
Web Services Customers, PR Newswire
Aug 2018 AWS error exposed GoDaddy business secrets, ZDNet
Aug 2018
Samsung Heavy Industries chooses AWS to help take shipbuilding
into the cloud, NiHaoBar
Aug 2018 Seagate Expands Its Nytro SSD Family, Storage Review
Aug 2018
Bacula Systems Enables New Enterprise Features in Its Trial
Software for Backup and Recovery Professionals, Newswire
Aug 2018
NGD Systems Receives Best of Show Innovation Award for In-Situ
Processing at Flash Memory Summit 2018, PRWeb
Aug 2018
Excelero and Mellanox Win Flash Memory Summit 2018 Best of
Show Award for teuto.net Customer Implementation, PR Newswire
Aug 2018
Why Goldman Sachs doesn't think Tesla is the next Dell, Proactive
Investors
Aug 2018 Why Goldman Sachs doesn't think Tesla is the next Dell, Tech Capital
Aug 2018
MSPs Reap Significant Benefits Of Enhanced Cloud Services That
Offer Improved Revenue And Margin Opportunities, PR Newswire
Aug 2018
WekaIO Awarded Patent for “Congestion Mitigation in a Distributed
Storage System”, Business Wire
Aug 2018
AWS Announces General Availability of Amazon Aurora Serverless,
Business Wire
Aug 2018
ExaGrid Penetrates Middle East Backup Storage Market with
Dedicated Sales Team and Distributor Partnership, Business Wire
Aug 2018
VMware Accelerates 5G Readiness for Communications Service
Providers with Intent to Acquire Dell EMC Service Assurance Suite,
PressReleasePoint
Aug 2018
DDN Building New Flash Enterprise Virtualization and Analytics
Division with 100 New Hires Planned Through September, Business
Wire

Recent News (2/2)
186
Enterprise Storage > News > Recent News
Aug 2018
Everspin Reports Second Quarter 2018 Financial Results,
GlobeNewswire
Aug 2018
ScaleFlux Launches 2nd Generation Computational Storage
Platform, ReadITQuik
Aug 2018
Seagate announces new flash drives for hyperscale markets, Network
World
Aug 2018
Samsung Heavy Industries bets on AWS as it builds out its
autonomous ship platform, ZDNet
Aug 2018 BNC, Nutanix conclude strategic partnership, Telecompaper
Aug 2018 SoftNAS Calculator Targets AWS, Azure Storage Costs, SDxCentral
Aug 2018
Everspin Technologies beats by $0.02, misses on revenue, Seeking
Alpha
Aug 2018
Scality Establishes New Field CTO Role, Bringing-on Industry
Expert, PR Newswire
Aug 2018
UK govt technology advisor leaving for role with AWS - report,
Telecompaper
Aug 2018
Newisys Announces NSS2560, 56 NVMe Drive 2U Sever, Storage
Review
Aug 2018 Acronis becomes Microsoft Azure partner, Telecompaper
Aug 2018 Western Digital Introduces OpenFlex Architecture, Storage Review
Aug 2018
DXC And AWS Collaborate To Create Cloud Migration Powerhouse,
CRN
Aug 2018
Kaminario Collaborates with Western Digital to Deliver Next-
Generation Composable Storage Solutions, DirectorsTalk Interviews
Aug 2018
Infortrend GSc Hybrid Cloud Storage Appliance is a Must-Have for
Every Enterprise, PR Newswire
Aug 2018
RapidScale Expands Data Backup and Storage Partnership with
Veeam, PRWeb
Aug 2018
AWS holds the advantage in serverless computing, says cloud
economist, SiliconAngle
Aug 2018 Actifio raises $100 mln from Crestline Investors, others, Reuters
Aug 2018
Nutanix Launches New Channel Charter: Power to the Partner,
Business Wire
Aug 2018 Nantero Appoints Ed Doller To Its Board Of Directors, Citybizlist
Aug 2018
ScaleFlux and Packet to Deliver Computational Storage in the Cloud,
ReadITQuik
Aug 2018
Global Magnetic Surface Memory Market 2018 – Toshiba, Sandisk,
Micron Technology, Intel, IBM, Fuji, truthweek.com
Aug 2018
Microsemi Leading Industry Innovation with 24G SAS and PCIe Gen
4 Tri-mode Storage Controller Technology, PR Newswire
Aug 2018
Western Digital (Tegile) Named a Visionary in the 2018 Gartner
Magic Quadrant for Solid-State Arrays, Business Wire
Aug 2018
Global Industrial Routers Market Demand and Analysis By Top Key
Players Like Alcatel-Lucent, Cisco, HP, Dell, Ericsson and Others
2018 – 2025, iCrowdNewswire
Aug 2018
NGD Systems Announces Next-Generation Newport Platform for
Computational Storage, PRWeb

Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
187
Explore more on Tracxn Platform
Index of Top companies by Market
Funded Deadpooled Companies

Explore more on Tracxn Platform
189
Companies
Companies Covered
Unicorns
Public Companies
Acquired Companies
Funded Companies
Investment Trends
Recent Investments
Mega Investments
Investment Trend
Markets
BlueBox
Taxonomy
News
Key News
Recent News
Company Stage
Angel Funded
Seed Funded
Early Stage (Series A/B)
Late Stage (Series C+)
Acqui-hires
DeadPooled
Investors Acquirers
Unicorn Investors
Most Active VC &PE Investors
Portfolio of Top Investor
Most Active Acquirer
Enterprise Storage > Appendix > Explore Sector on Tracxn Platform

Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Enterprise Storage
Index of Top companies by Market (1/21)
190
Enterprise Storage > Appendix > Index of Top companies by Market
Suite
Suite
company
Bank of America Merrill Lynch, Barclays, Credit
Response | EMC
Enterprise information management and storage
solutions
IPO Date Nov 1995 Mcap $18.5B
IPO Mcap -
NASDAQ NTAP P/E 22.18
Infortrend (1993, Taipei)
Networked Storage Solutions
Soonicorn. Stage: Unfunded
Suite
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Storage Media
Optical Storage
IPO Date - Mcap -
IPO Mcap -
JSE MFL P/E 11.39
Tool coating, optical storage and SiP chip
manufacturer
IPO Date Jun 1995 Mcap -
IPO Mcap -
TPE 8053 P/E -
IPO Date Feb 2019 Mcap -
IPO Mcap -
TYO 6976 P/E -

191
Storage Media
Optical Storage
Media Conglomerate providing production and
IPO Date Jan 2003 Mcap $663M
IPO Mcap -
OTCMKTS TCLRY P/E -
HDD
SK hynix memory solutions (2004, San Jose,
$69.2M)
Enterprise SSD solutions
Editor's Pick. Stage: Series D
Lightspeed Venture Partners, SunAmerica
Ventures, Keynote Ventures and 1 Other Investors
IPO Date Nov 1978 Mcap $25.2B
IPO Mcap -
NASDAQ WDC P/E 7.49
Stage: Acquired
Stage: Acquired
HgCapital
SSD
Products
Stage: Acquired
Seagate, Mitsui Global, Globespan Capital Partners
Meritech Capital Partners, Accel Partners,
Andreessen Horowitz and 11 Other Investors
DRAM and SSDs
Stage: Acquired
Francisco Partners, Norwest Venture Partners,
Columbia Capital and 1 Other Investors

192
Storage Media
SSD
Intel Capital, Pitango Venture Capital, Battery
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
Smile Gate Investment, Hercules Capital
SSD
Stage: Acquired
Arcturus Capital, Lightspeed Venture Partners,
Menlo Ventures and 1 Other Investors
Stage: Acquired
Canaan Partners, Storm Ventures, TransLink
Virtensys (2005, Beaverton, $40M)
PCIe Sharing appliances and solutions
Stage: Acquired
Scottish Equity Partners, Celtic House Venture
Partners, Gimv
SSD
NGD Systems (2013, Irvine, $26M)
SSD storage solutions
Silicon Valley Bank, Orange Digital Ventures,
Benhamou Global Ventures and 5 Other Investors
Industrial embedded flash and DRAM storage
peripherals
IPO Date Nov 2013 Mcap -
IPO Mcap -
TPE 5289 P/E -
Stage: Acquired
Endeavour Vision, Atomic Ventures, Mayfield and 3
Other Investors

193
Storage Media
SSD
Stage: Acquired
Silver Lake
All Flash Arrays
IPO Date Oct 2015 Mcap $5.5B
IPO Mcap $425M
NYSE PSTG P/E -
IPO Date Jun 2017 Mcap $35.4M
IPO Mcap $216M
NASDAQ TNTR P/E -
All Flash Arrays
Stage: Acquired
Greenspring Associates, New Enterprise Associates,
Novak Biddle Venture Partners and 2 Other
Investors
applications
Mayfield, Intel Capital, Lightspeed Venture Partners
Skyera (2010, San Jose, $51.6M)
Enterprise Solid-State Storage
Stage: Acquired
Dell, Western Digital Capital, Financial Partnerships

194
Storage Media
All Flash Arrays
Fabrik (2005, San Mateo, $51.3M)
Hardware flash storage and online storage
solutions
Stage: Acquired
3i Group, Fuse Capital, Intel Capital and 1 Other
Investors
Stage: Acquired
Spring Mountain Capital, Silicon Valley Bank,
Ignition Partners and 2 Other Investors
Shunwei Capital, SVS Ventures, Westlake Venture
All Flash Arrays
SSD Data Storage
Stage: Acquired
Lightspeed Venture Partners, Giza Venture Capital,
Jerusalem Venture Partners and 2 Other Investors
NVRAM
its power products
Opus Capital
(CNTs)
Schlumberger, Dell, Cisco Investments and 10 Other
Investors
Diablo Technologies (2003, Ottawa, $101M)
Fabless semiconductors
Soonicorn. Stage: Series C
Israel Cleantech Ventures, Battery Ventures, Celtic
House Venture Partners and 6 Other Investors

195
Storage Media
NVRAM
ContourSemiconductor (2000, North
Billerica, $24M)
Non-volatile memory chips
Editor's Pick. Stage: Funded
Fairhaven Capital
Hybrid Storage
Unicorn. Stage: Series C
Goldman Sachs, TPG, Security Growth Partners
Advisors and 6 Other Investors
Cleversafe (2004, Chicago, $102M)
Hybrid data storage technologies
Stage: Acquired
New Enterprise Associates, Pritzker Group, OCA
Hybrid Storage
Sequoia Capital, Accel Partners, Lightspeed Venture
Schooner Information Technology (2007,
Sunnyvale, $35M)
Caching Software for Hybrid Storage Systems
Stage: Acquired
Menlo Ventures, CMEA Capital, Redpoint Ventures
StorSimple (2009, Santa Clara, $31.5M)
Hybrid cloud storage provider
Stage: Acquired
Ignition Partners, Index Ventures, Mayfield and 1
Other Investors

196
Storage Media
Hybrid Storage
IPO Date Sep 2012 Mcap $127M
IPO Mcap -
NYSE QTM P/E -
Storage devices - Suite
Newisys - A Division of Sanmina
Corporation (2000, San Jose, $55M)
Designs and manufactures server and storage
solutions for data centers
Stage: Acquired
Fidelity Ventures, Austin Ventures, New Enterprise
NAS
BlueArc (1998, San Jose, $221M)
Unified network storage systems
Stage: Acquired
Morgenthaler, Chevron, Crosslink Capital and 11
Other Investors
Copan Systems (2002, Longmont, $110M)
Data storage peripherals
Stage: Acquired
Austin Ventures, Globespan Capital Partners, Credit
Aristos Logic (2000, Foothill Ranch, $105M)
Redundant array of independent disk (RAID)
solutions
Stage: Acquired
Woodside Fund, Seagate, EMC and 6 Other
Investors

197
NAS
Avere (2008, Pittsburgh, $97M)
NAS optimisation solution
Stage: Acquired
Menlo Ventures, Norwest Venture Partners,
Lightspeed Venture Partners and 4 Other Investors
Troika Networks (1998, Westlake Village,
$90M)
Storage virtualization platform
Stage: Acquired
Anthem Venture Partners, DFJ, Windward Ventures
Stage: Acquired
Meritech Capital Partners, Accel Partners, Charles
River Ventures and 9 Other Investors
NAS
Polyserve (1998, Beaverton, $73.5M)
Storage software for clustering NAS appliances
Stage: Acquired
Fidelity Ventures, Greylock Partners, New
Enterprise Associates and 3 Other Investors
Investment Partners and 5 Other Investors
Stage: Acquired
Focus Ventures, Sequoia Capital, Atlas Venture and
5 Other Investors
NAS
IBRIX (1999, Billerica, $59.6M)
Scale-out NAS platform
Stage: Acquired
Kumpulan Modal Perdana, JT Venture Partners,
Credit Suisse and 1 Other Investors
Exablox (2010, Sunnyvale, $52.5M)
Network Attached Storage System
Stage: Acquired
Toshiba, Dell Technologies, DCM Ventures and 3
Other Investors
Stage: Acquired
Norwest Venture Partners, Menlo Ventures, Mellon
Ventures

198
NAS
Crossroads (1996, Austin, $36.1M)
IPO Date Oct 1999 Mcap -
IPO Mcap $461M
NASDAQ CRDS P/E -
Exanet (2000, Ra'anana, $35M)
network attached storage systems
Stage: Acquired
Evergreen Venture Partners, Intel Capital, CSK
Venture Capital and 6 Other Investors
ARIO Data Networks (2000, San Jose, $34.5M)
storage solutions and RAID controllers
Stage: Acquired
Anthem Venture Partners, Evercore, Clearstone
Venture Partners and 1 Other Investors
Stage: Acquired
NAS
Stage: Acquired
U.S Venture Partners
SGI (1980, Fremont)
manufacturer
Stage: Acquired
Tennenbaum Capital Partners, Sevin Rosen Funds,
InterWest Partners and 4 Other Investors
SAN
Nishan Systems (1998, San Jose, $80M)
IP storage networking solutions
Stage: Acquired
Western Technology Investment, Oracle, Dell and 7
Other Investors
Stage: Acquired
ArrowPath Venture Partners, Greylock Partners,
CMEA Capital and 5 Other Investors
ONStor (2000, Campbell, $65.8M)
Stage: Acquired
Foundation Capital, Mayfield, Sand Hill Capital and
3 Other Investors

199
SAN
System Interface)
Stage: Acquired
Boulder Ventures, Sequel Venture Partners, Garage
Technology Ventures and 11 Other Investors
Stage: Acquired
Focus Ventures, Charles River Ventures, Sigma
Stage: Acquired
HarbourVest Partners, H&Q Asia Pacific, NTT
Docomo Ventures and 2 Other Investors
SAN
StoreAge (1999, Haifa, $39M)
Split-path storage management solution
Stage: Acquired
Morgan Keegan, Cisco, Genesis Partners and 2
Other Investors
StoneFly (2000, Hayward, $34M)
SAN, NAS solutions provider
Stage: Acquired
Crescendo Ventures, El Dorado Ventures, Rustic
Canyon Partners and 1 Other Investors
$30M)
Stage: Acquired
Sierra Ventures, Berkeley VC International, TeleSoft
Partners
SAN
Prairie, $29.3M)
Stage: Acquired
Nomura, El Dorado Ventures, Cargill and 4 Other
Investors
Ocarina Networks (2007, San Jose, $23M)
On-line Storage Optimization
Stage: Acquired
Highland Capital Partners, Icon Ventures, Kleiner
Perkins and 2 Other Investors
Stage: Acquired
VantagePoint Capital Partners, RRE Ventures, Blue
Chip Venture
Stage: Acquired

200
SAN
Manufacturer of compact shared storage workflow
controller and PCIe Storage
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Stage: Acquired
Silverton Partners, Austin Ventures, Norwest
Venture Partners
Grove)
Stage: Acquired
Vesbridge Partners, Rally Ventures
SAN
Stage: Acquired
Rand Capital, Huntington Ventures, Hudson
Venture Partners
Stage: Acquired
Citadel, Western Technology Investment, Saints
Capital
Data Storage
File System
GreenBytes (2007, Providence, $35M)
Virtual Desktop Storage Systems
Stage: Acquired
Generation Investment Management, Battery
Ventures
Attune Systems (1999, Santa Clara, $33M)
File Management solutions
Stage: Acquired
Qtv Capital, GF Private Equity, Rock Creek Capital
NeoPath Networks (2002, Mountain View,
$29M)
Develops Network File Management solutions
Stage: Acquired
Gabriel Venture Partners, August Capital, DCM

201
Data Storage
File System
Maginatics (2010, Mountain View, $27M)
NAS for Highly-Distributed Environments
Stage: Acquired
Intel Capital, WestSummit, Comcast Ventures and 3
Other Investors
Sistina (1997, Minneapolis, $25.4M)
Global File System (GFS) software provider
Stage: Acquired
El Dorado Ventures, Vesbridge Partners, Rally
Ventures
Actona Technologies (2000, San Francisco,
$23M)
Wide-Area File Storage Services
Stage: Acquired
Evergreen Venture Partners, Aviv Venture Capital,
Silicom Ventures and 1 Other Investors
File System
Stage: Acquired
Index Ventures, Nexus Venture Partners
Object Storage
Amplidata (2008, Lochristi, $44.1M)
Object-based Software Defined Storage Platform
Stage: Acquired
Western Digital Capital, Intel Capital, Endeavour
Vision and 6 Other Investors
Storj (2014, Atlanta, $5.5M)
Distributed, shared and incentivised Cloud Storage
Editor's Pick. Stage: Seed
Digital Ventures, Vestor.In Partners, Wavemaker
Genesis and 2 Other Investors
Amazon Web Services (2006, Seattle)
Cloud computing and hosting platform from
Amazon
Unicorn. Stage: Unfunded
IPO Date Jun 2009 Mcap -
IPO Mcap $547k
CVE LTV P/E -

202
Formation Data (2013, Fremont, $60.2M)
Software defined storage platform
Stage: Acquired
Pelion Venture Partners, Third Point Ventures,
Mayfield and 8 Other Investors
Maranti (2000, San Jose, $57M)
Network storage service controller
Stage: Acquired
JPMorgan, Menlo Ventures, Trinity Ventures and 1
Other Investors
analytics
Sequoia Capital and 13 Other Investors
IPO Date Sep 2016 Mcap $9.6B
IPO Mcap $2.2B
NASDAQ NTNX P/E -
Charles River Ventures, Meritech Capital Partners,
Accel Partners and 7 Other Investors
Soonicorn. Stage: Series G
S3 Ventures, InterWest Partners, Mesirow Financial
applications
GV, Thomvest Ventures, Northgate Capital and 5
Other Investors
Stage: Acquired
Cisco Investments, Sequoia Capital, Redpoint

203
Acromove (2001, Los Angeles)
Provider of portable NAS system
Editor's Pick. Stage: Funded
Odyssey Venture Partners
Soonicorn. Stage: Series E
Harbert Management, Hewlett Packard Enterprise,
Broad Tower Inc. and 12 Other Investors
$34.2M)
Virtual Desktop Infrastructure | Software defined
storage
Stage: Acquired
Adams Street Partners, Cisco, El Dorado Ventures
Excelero (2014, Santa Clara, $30M)
Scale-out block storage
Qualcomm Ventures, Battery Ventures, Square Peg
Capital
Portworx (2014, Redwood City, $28.5M)
Tool for developers and IT Ops to run containerized
apps in on-premise or in the cloud
Sapphire Ventures, GE Ventures, Mayfield
InktankProtected Tweets (2012, Los
Angeles, $14.4M)
system
Stage: Acquired
Shuttleworth, FinTech Innovation Lab
CloudByte (2010, Bangalore, $6.1M)
Storage solution for Cloud Service Providers
Nexus Venture Partners, Kae Capital, Eight Roads

204
Server-Side Caching
Server-Side Caching
PernixData (2012, San Jose, $62M)
Server side flash virtualization
Stage: Acquired
Menlo Ventures, Lightspeed Venture Partners,
Kleiner Perkins
Cache Acceleration
Gear6 (2006, Mountain View, $24.5M)
Memcached solutions
Stage: Acquired
Horizon Ventures, U.S Venture Partners, InterWest
Unicorn. Stage: Series F
Crestline Investors, North Bridge, 83North and 9
Other Investors

205
Backup
Local
COPAN Systems (2002, Longmont, $108M)
Storage archive solutions for long-term persistent
data
Stage: Acquired
Austin Ventures, Globespan Capital Partners,
FirstMark and 7 Other Investors
Stage: Acquired
General Atlantic, Silicon Valley Bank, Finova Capital
Revivio (2001, Massachusetts, $55.5M)
Continuous data protection based data backup and
recovery appliance
Stage: Acquired
Nomura, Charles River Ventures, Bessemer Venture
Local
Stage: Acquired
Lightspeed Venture Partners, Ventures, Benchmark
Sepaton (2003, Marlborough, $37.5M)
Backup and Recovery appliance
Stage: Acquired
Focus Ventures, Jerusalem Venture Partners, Menlo
ProStor Systems (2004, Boulder, $30.4M)
Removable disk storage systems for enterprises
Stage: Acquired
Sutter Hill Ventures, New Enterprise Associates,
Boulder Ventures and 1 Other Investors
Local
Storactive (1998, Marina Del Rey, $23.7M)
Continuous data protection for Windows PCs and
Exchange Servers
Stage: Acquired
Mellon Ventures, Moore Capital, Maton Venture and
1 Other Investors
Stage: Acquired
Cornerstone Capital, Grayhawk Capital, Edgewater
Funds and 1 Other Investors
Stage: Acquired
Sutter Hill Ventures, New Enterprise Associates

206
Backup
Local
Stage: Acquired
Mayfield
Enabler - Cloud
Sonian (2007, Dedham, $37.7M)
Cloud based Archiving as a Service
Stage: Acquired
ARCC, OpenView, Summerhill Venture Partners and
4 Other Investors
Stage: Acquired
Intel, SoftBank Group, Granite Ventures and 5 Other
Investors
IPO Date Aug 2001 Mcap -
IPO Mcap -
NASDAQ FALC P/E -
Cloud
security solution
Carbonite (2005, Boston, $66M)
Hybrid Backup and recovery for consumers and
small business
IPO Date Aug 2011 Mcap $1B
IPO Mcap $240M
NASDAQ CARB P/E -

207
Backup
Cloud
Atempo (1992, Paris, $28.2M)
Back up and recovery solutions
Stage: Acquired
Intel Capital, Steelpoint Capital Partners,
Ridgewood Capital and 5 Other Investors
Stage: Acquired
Qualcomm Ventures, Hikari Tsushin, American
Express Ventures and 3 Other Investors
Stage: Acquired
Polaris Partners, Solstice Capital, North Bridge
Cloud
Stage: Acquired
Fallbrook Private Equity, Toba Capital
Back up products
IPO Date Dec 1985 Mcap -
IPO Mcap -
ASX DSE P/E -
customers
Stage: Acquired
EPIC Venture Fund
Cloud
IPO Date Mar 2015 Mcap -
IPO Mcap -
CNSX DDB P/E -
IPO Date Apr 2016 Mcap -
IPO Mcap $281M
ASX INM P/E -

208
Backup
Suite
management platform
businesses
Suite
Zetta (2007, Sunnyvale, $45.3M)
Enterprise-grade Online Backup
Stage: Acquired
Foundation Capital, Sigma Partners, Industry
and software
Investors
Veeam (2006, Baar)
Suite
IPO Date Sep 2006 Mcap $3.1B
IPO Mcap $604M
NASDAQ CVLT P/E -

209
Storage Management
Storage Management
DataGravity (2012, Nashua, $92M)
Cloud data monitoring, threat detection and
incident response
Editor's Pick. Stage: Acquired
Accel Partners, Andreessen Horowitz, Charles River
CreekPath Systems (1999, Longmont, $61M)
Storage Management Solution
Stage: Acquired
New Enterprise Associates, Sequel Venture
Partners, TeleSoft Partners and 1 Other Investors
Stage: Acquired
August Capital, Clearstone Venture Partners, Dot
Edu Ventures and 7 Other Investors
Storage Management
MonoSphere (2001, Redwood City, $37.4M)
Storage capacity management software
Stage: Acquired
Intel Capital, Lightspeed Venture Partners, Fuse
appliances
Stage: Acquired
Cedar Fund, Newbury Ventures
IceWEB (1994, Sterling, $4M)
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Storage Management
Stage: Acquired
IGlobe Partners, Western Technology Investment,
Stratim Capital and 6 Other Investors
Stage: Acquired
Updata, ABS Capital
IPO Date Dec 2002 Mcap $16.2B
IPO Mcap $5.1B
NASDAQ STX P/E 15.71

210
Storage Management
Storage Clients
Overland Storage (1980, San Jose, $51.1M)
IPO Date Feb 1997 Mcap -
IPO Mcap -
NASDAQ OVRL P/E -
Data Compression
Stage: Acquired
Bessemer Venture Partners, Sequoia Capital,
Lehman Brothers and 2 Other Investors
Outer Space Hosting
Outer Space Hosting
SpaceBelt (2015, Los Angeles)
Space-based network infrastructure for cloud
service provider, enterprises and governments with
security
Editor's Pick. Stage: Series A

Funded Deadpooled Companies
211
Enterprise Storage > Appendix > Funded Deadpooled Companies
View all 57 Deadpooled companies on Tracxn Platform
Funding Company Location
$143M Primary Data Los Altos
$100M Coraid Redwood City
$90M Ciphermax Cupertino
$70M Nirvanix San Diego
$58.5M Verari Technologies San Diego
$55M Scale8 San Francisco
$47.2M Link_A_Media
Devices
Santa Clara
$36M PowerFile Foster City
$32.9M Wincom Systems San Jose
$32.5M Cirtas Systems San Jose
$31M San Valley San Jose
$24.3M AutoVirt Nashua
$19.3M Bitcasa Mountain View
$13M Storspeed Inc. Austin
$13M Starboard Storage Broomfield
$10.8M Seanodes Paris
$4M InterModal Data Santa Clara
$3.6M Dmailer Marseille
$3.2M Diino Stockholm
$855k Digitiliti Saint Paul
Funding Company Location
$600k Arcycle Software Larnaca
$300k Scalable Informatics Plymouth
$250k FreeBrie Moscow
$65k Nuage Labs Paris
$50k Intigry.IO Los Angeles
$25k Centripetal
Software
Santa Barbara
FileBanc Houston
Skylable London
Agami Systems Sunnyvale
Jeda Networks Newport Beach
4Blox San Jose
DiskonCloud Herzelia
Quaddra Software San Jose
Index of Deadpooled companies in Enterprise Storage

Krishna Chaitanya Kamisetty
Lead Analyst
Team
212
For research queries write to us at myanalyst@tracxn.com
Chaitanya Karthik Vellanki
AVP - Sector Specialist

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