PernixData Closes $20 Million in Over-Subscribed Series B Round

Kleiner Perkins Caufield & Byers leads investment with Lightspeed Venture Partners to advance PernixData's leadership in server flash virtualization.

May 15, 2013, 11:00 ET from PernixData, Inc

SAN JOSE, Calif., May 15, 2013 /PRNewswire/ -- PernixData, Inc, the first company to build a scale-out, software-defined storage platform by virtualizing server-side flash, today announced the close of an over-subscribed $20 million Series B financing. The round was led by Kleiner Perkins Caufield & Byers (KPCB) with additional support from existing investors Lightspeed Venture Partners and industry leaders Mark Leslie, John Thompson and Lane Bess. PernixData also announced that Matt Murphy, general partner at KPCB, will join its board of directors.

PernixData's innovative Flash Virtualization Platform (FVP) disrupts the storage market by enabling virtualized datacenters to take advantage of an architecture that decouples storage performance from storage capacity. With PernixData's FVP, companies no longer need to purchase capacity from storage vendors when they need storage performance. This radical design promises to not only solve the storage performance problem forever, but also ensures that enterprises can scale out their performance as easily as they scale their compute and memory, without any need to change applications or storage infrastructure.

With this additional investment, PernixData will grow its sales and marketing globally, continue its ambitious R&D roadmap, develop a channel eco-system and accelerate go-to-market plans with leading players in the server and storage industries. "We plan to use the latest round of financing to expand our footprint in the enterprise and give our customers a beautiful alternative to scale their storage performance independent of capacity," said Poojan Kumar, CEO and Co-founder of PernixData.

"PernixData is solving one of the biggest outstanding issues in enterprise data centers: the cost and performance of storage," said Matt Murphy of KPCB. "Pernix has the opportunity to do for storage what VMware did for compute. The technical team they've assembled for such an ambitious mission is unparalleled."

"Customers and partners have been waiting for a long time for a solution such as FVP, which positions PernixData to capitalize on a huge market opportunity in storage," said Bipul Sinha, Partner of Lightspeed Venture Partners.

"Virtualization deserves better from storage, and this is just the beginning of the disruption we have planned for the storage industry. Watch out for even more innovations in the future as we execute at an unprecedented pace," said Satyam Vaghani, CTO and Co-founder of PernixData.

About PernixData
PernixData is the provider of a Flash Virtualization Platform (FVP) that enables enterprises to overcome storage and performance barriers that limit the penetration of virtualization within the data center. The company was established in February 2012 by Poojan Kumar, a co-founder of Oracle Exadata, and Satyam Vaghani, VMware's Storage CTO, creator of VMware's clustered file system (VMFS), and architect of several storage-related innovations at VMware over the last decade. In addition to Lightspeed and KPCB, PernixData is backed by industry luminaries such as Mark Leslie, Founder & CEO of Veritas and former VMware board member, John Thompson, ex-CEO of Symantec and Microsoft board member, and Lane Bess, ex-CEO of Palo Alto Networks and current COO of Zscaler.

SOURCE PernixData, Inc