WekaIO, a San Jose, CA-based provider of high-performance, scalable file storage for data-intensive applications, closed a $31.7m Series C funding.
Backers included Hewlett Packard Enterprise (HPE), Mellanox Technologies, NVIDIA, Seagate, and Western Digital Capital, the strategic investment fund of Western Digital Corp. (WDC), alongside Qualcomm.
The new funding brings the company’s total capital raised to $66.7m.
WekaIO plans to use the funds to support the continued acceleration of its market trajectory and international business expansion through increased investments in engineering, sales, and marketing to address data intensive applications at scale in key verticals including artificial intelligence (AI), machine learning (ML), life sciences, finance and engineering.
Led by Liran Zvibel, CEO and co-founder, the company provides Matrix, a file system widely used by customers with I/O intensive workloads commonly found in AI, ML, high velocity analytics, and high-performance computing (HPC). It delivers its patented software on pre-engineered solutions with HPE, Supermicro, and Western Digital or it can be installed on any industry-standard Intel x86-based server or used on the AWS Cloud to deliver enterprise grade HPC at cloud-scale economics. The company’s capacity-based pricing model allows customers to start small and scale as their needs grow. Matrix integrates object storage at scale and supports features such as snapshots, cloud backup and disaster recovery, alongside multiprotocol support including NFS and SMB.
FinSMEs
14/05/2019