OpenDrives Raises Up To $20M in Series B Funding

OpenDrives, Inc., a Los Angeles, CA-based provider of enterprise-grade, hyper-scalable network-attached-storage (NAS) solutions, raised up to $20m in Series B funding.

The round was led by IAG Capital Partners, which brings the company’s total capital raised to $30m.

The company will use the capital to accelerate product development to introduce modern high performance computing (HPC), on-prem and hybrid cloud capabilities for global businesses in enterprise, media and entertainment, pharmaceutical, and federal government agency markets.

Created in 2011 by David Fincher and led by David Buss, Chief Executive Officer, and Sean Lee, Chief Strategy and Product Officer, OpenDrives is a global provider of enterprise-grade, hyper-scalable network-attached-storage (NAS) solutions. It is built for the most demanding workflows and businesses large and small and used by hundreds of businesses in media and entertainment, streaming, live broadcast, E-sports, advertising, animation, security, military, healthcare and diagnostics, such as: HBO, Spotify, The Steadman Clinic, Riot Games, CBS Sports, FOX, Legendary Digital Networks, Sony Interactive Entertainment, LA Kings, South Park Studios, Vox, Deutsch and many more.

The company also made a strategic investment in Ctrl IQ, Inc., providing the core technology stack to enable scalable, secure and hybrid orchestration of workflows. OpenDrives will combine performance storage and compute with secure applications for a fully supported stack from the data center to the cloud to the edge. Ctrl IQ was founded by HPC veteran and recent Rocky Linux founder Gregory Kurtzer.