Kaminario Closes $15M Series C Funding Round

Kaminario, a Newton, Mass.-based provider of high performance SSD storage, has closed a $15m Series C funding round.

Backers include new investors Globespan Capital Partners and current sharoholders Sequoia Capital and Pitango Venture Capital. This latest round brings the company’s total amount raised to date to $34m.

Kaminario intends to use the new funds to expand the K2 product line, sales distribution channels and marketing.

In conjunction with the funding, Venky Ganesan, Globespan Capital Partners Managing Director, will join the company’s Board of Directors.

Founded in 2008 by CEO Dani Golan, Kaminario recently (July 2010) introduced K2, an SSD storage solution which is designed to eliminate I/O bottlenecks and accelerate critical business applications. It is currently being used by financial services firms, Web media companies, telecommunications companies and government agencies.



Join the discussion