PernixData Closes $20M Series B Financing

PernixData, Inc., a San Jose, CA-based company that builds a scale-out, software-defined storage platform by virtualizing server-side flash, closed a $20m Series B financing.

The round was led by Kleiner Perkins Caufield & Byers (KPCB) with support from existing investors Lightspeed Venture Partners, Mark Leslie, John Thompson and Lane Bess. In conjunction with the funding, Matt Murphy, general partner at KPCB, will join PernixData’s board of directors.

The company intends to use the capital to grow its sales and marketing globally, continue its R&D roadmap, develop a channel eco-system and accelerate go-to-market plans with players in the server and storage industries.

Co-founded in February 2012 by CEO Poojan Kuma and CTO Satyam Vaghani, PernixData provides Flash Virtualization Platform (FVP), an enterprise-class solution that enables virtualized applications to increase performance with no changes to either the application or the underlying storage infrastructure.



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