Burlywood, a Longmont, Colo.-based innovator of flash-based storage for cloud data centers, completed a $10.6m Series A funding.
The round was led by Michael Jones and John Scarano with participation from Acadia Woods Partners, a New York-based investment partnership that focuses primarily on early-stage technology companies.
Mr. Jones is an investor, strategic advisor, and entrepreneur who founded (i) Structure which was purchased by Infocrossing and subsequently Wipro. He was also previously the CIO of Level 3 Communications and Corporate Express.
Mr. Scarano is the co-founder and former COO of Zayo, the former Vice Chairman of euNetworks, and was responsible for deployment of Level 3’s original network. He is a current adjunct professor in CU’s graduate engineering school and a serial investor in scaleup businesses in several industries.
The company intends to use the funds to:
– drive strategic-growth initiatives,
– accelerate go-to-market activities, and
– progress its TrueFlash™ storage software solution towards mass production.
Led by Tod Earhart, CEO, Burlywood has built an architecture that allows for rapid innovation and flexible integration of customer requirements. With the introduction of TrueFlash, the company is providing a modular flash storage architecture that accelerates time to market of new flash technology while delivering cost and performance benefits to customers deploying cloud storage solutions, all-flash arrays, and hyper-converged solutions.
Burlywood is powered by a productive, expert development team comprised of executives from companies such as HP, Western Digital, Hitachi, Micron and Intel.
FinSMEs
12/09/2018