Igneous Systems Raises $15M in Series B Financing

Igneous Systems, a Seattle, WA-based hybrid cloud backup and archive solution for unstructured data, raised $15m in Series B financing.

Vulcan Capital and Orca Bay Capital joined existing investors Madrona Venture Group, New Enterprise Associates, and RedPoint Ventures in the round.

The company plans to use the funds to enable continued market penetration of its Igneous Hybrid Storage Cloud offering.

Led by Kiran Bhageshpur, CEO, Igneous Systems provides a hybrid storage cloud that manages data protection and management for unstructured file data that currently resides on network attached storage systems like those from NetApp, Dell EMC Isilon, or Pure Storage. The solution is designed for enterprises with petabytes of unstructured data spanning billions of files and hundreds of file systems, and it provides its own on-premises, scale-out secondary storage as well as tiering and replication to public cloud services such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
Customers include Fortune 500 and Global 2000 enterprises spanning life sciences, electronic design automation, gaming, and finance.

To guide and advise the expansion, Stephen Mullaney, the former CEO of Nicira, Inc., has joined the Igneous board of directors.



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