Infinidat, a Waltham, MA- and and Herzliya, Israel-based provider of petabyte-scale data storage solutions, secured $95m in Series C financing.
The round was led by Goldman Sachs Private Capital Investing (PCI) with participation from existing investor TPG Growth.
The company, which has raised $325m in total, intends to use the funds to continue to expand its business reach.
Founded in 2011 by Moshe Yanai, Chairman and CEO, and also led by Izhar Sharon, President, and Brian Carmody, CTO, Infinidat leverages a software-focused architecture to simultaneously deliver data storage with sub-millisecond latency, and hyperscale capacity with a lower total cost of ownership than incumbent storage technologies.
The company currently serves several hundred enterprise customers including the world’s largest telcos, banks and cloud service providers. It has 500 employees in 17 countries worldwide.
FinSMEs
04/10/2017