The latest financing round means that the startup could be Israel’s newest unicorn with a company value exceeding $1 billion.
As reported in Globes:
Israeli flash storage company Kaminario announced it has closed a $75 million financing round. This bringing the company’s total funding to $218 million since it was founded in 2008. The latest round was led by Waterwood Group with a mix of new and existing investors, including Sequoia, Pitango, Lazarus, Silicon Valley Bank and Globespan Capital Partners. The new capital will be used to accelerate go-to-market initiatives, expand Kaminario’s global presence, and fuel R&D.
With its built-for-flash, software-defined architecture, Kaminario is positioned to power on-demand applications, turn data into usable information and support SaaS businesses as they grow. Today, more and more IT organizations are turning to Kaminario’s all-flash platform for the scalability, performance and agility modern applications require. Kaminario is focused on delivering storage solutions for the always-on economy, whether the applications are delivered as SaaS, on-line services or private cloud – from retail and healthcare to finance and manufacturing.
In Australia, the trend towards all-flash enterprise storage solutions is gaining momentum as the market for hybrid flash-and-disk storage diminishes.