Springpath Raises $34M in Funding


Springpath, a Sunnyvale, California-based provider of enterprise-grade storage and data management software, raised $34m in funding.

Backers included Sequoia Capital, New Enterprise Associates and Redpoint Ventures.

Co-founded in May 2012 by Mallik Mahalingam and Krishna Yadappanavar and then in stealth mode for more than 2 years and a half, Springpath has just launched its Springpath Data Platform, an enterprise-grade data platform software that enables standard servers hosting applications to store, manage and protect data.

Springpath Data Platform for VMware vSphere has been in beta for over a year, and became generally available in January 2015 on a subscription basis for as low as $4,000 per server per year end-user pricing. The platform is supported on server models from Cisco, Dell, HP and Supermicro. It is currently deployed in close to two dozen customers for a wide variety of use cases.
To expand its reach, the company also announced a distribution agreement with Tech Data. Through this deal, solution providers will have access to servers pre-loaded with Springpath software.



Join the discussion