Elastifile Receives Additional $16 Million to Ramp Its Hybrid Cloud Go To Market Efforts
Company surpasses $65 million in funding with latest investment round
SANTA CLARA, Calif., Sept. 6, 2017 /PRNewswire/ -- Elastifile, the enterprise hybrid cloud data management company, today announced that it has closed a $16 million funding round, led by Western Digital Capital, the strategic investment fund of Western Digital Corp. (NASDAQ: WDC). With this investment from a group of existing and new investors, the total backing raised by Elastifile is over $65 million.
Elastifile's unique cross-cloud data fabric offering is growing quickly with over 40 customers. Western Digital Capital initiated the round along with new investor CE Ventures, and existing investors, including Lightspeed Venture Partners, Battery Ventures, Dell Technologies Capital and Cisco Investments.
"As an investment in our vision, people, technology, and business growth, this is a declaration of confidence in Elastifile's ability to make a difference for the future of Enterprise IT," said Amir Aharoni, CEO and co-founder of Elastifile. "With nearly 100 employees in the US, Israel, and Europe, we are working relentlessly to help enterprises and their users free their data and enable their true hybrid cloud with our cross-cloud data fabric."
"Elastifile has developed a cloud-scale distributed file system designed to free data locked inside storage silos so all users and workflows can access it instantly from anywhere," said Mark Long, president, Western Digital Capital. "The company is addressing an important and growing challenge associated with traditional storage architectures. We strongly support their efforts and are pleased to expand our ongoing strategic relationship."
"Dell Technologies is pleased to extend its investment in Elastifile's unique vision and technology for the cross-cloud data fabric," said Yair Snir, VP and Managing Director for Dell Technologies Capital. "Elastifile is solving the data bottleneck for true enterprise hybrid cloud use cases."
With Elastifile, businesses are empowered by data rather than limited by it. Users can run existing and new applications on modern, elastic infrastructures in public IaaS, on-prem, and service providers. For active data use cases, the flash-native Elastifile Cloud File System delivers linear scale-out NAS performance with no-compromise enterprise data services and high availability, enabling the most demanding workflows on stateful containers, bare metal, and virtual machines. For inactive data use cases like disaster recovery and data protection, Elastifile's CloudConnect is integrated to deliver the most efficient data transfer and cloud tiering, with granular check in and out of files to low cost object storage. Together, Elastifile facilitates seamless aggregation of multi-site data into true hybrid cloud workflows, enabling powerful cloud-bursting, analytics, and more.
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About Elastifile
Elastifile is redefining the way data is stored and managed, enabling seamless deployment of private and hybrid cloud solutions. With enterprises and service providers looking to support both on-premises and cloud workflows across both active and inactive data workloads, Elastifile uniquely delivers this to application, analytics, and infrastructure teams as the single global namespace of a distributed file and object system. This elastic, scale-out, software-only BYOH (bring-your-own-hardware) solution provides all the advantages of public IaaS to the data center and uncompromised enterprise data services and SLAs in the cloud.
With nearly 100 employees, Elastifile is based in Santa Clara, California and Herzliya, Israel, with global Sales and Marketing offices in North America and Europe, and R&D in Israel. Elastifile was founded in 2013 and is backed by seven market leaders from across the cloud, data center and storage industries, Battery Ventures, Lightspeed Venture Partners, and CE Ventures. Elastifile's founders and leadership team includes a powerful mix of experience across enterprise storage, virtualization, applications, and flash to help transform its customers' hybrid cloud workflows.
SOURCE Elastifile
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