Cloudian Raises $60 Million, Total at $233 Million

January 19, 2023, 5:38 am

≫ Next: UK Start-Up BackupLABS Out of Stealth Mode

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Cloudian, Inc. closed $60 million in new funding, bringing total funding to $233 million. The round includes participation from Digital Alpha, Eight Roads Ventures Japan, INCJ, Intel Capital, Japan Post Investment Corporation, Silicon Valley Bank, Tinshed Asia, Wilson Sonsini Investments, and strategic investors. This latest investment reinforces start-up’s leadership position, accelerates its hybrid cloud platform […]

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UK Start-Up BackupLABS Out of Stealth Mode

January 20, 2023, 5:02 am

≫ Next: SpiderOak Raises $16.4 Million in Series C Round

≪ Previous: Cloudian Raises $60 Million, Total at $233 Million

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  Company: BackupLABS (legal name BLIO Ltd) HQs: Bournemouth, Dorset, UK Date founded: March 24, 2021 Financial funding: Bootstrapped, self-funded Founder and CEO: Rob Stevenson with 20+ years in the offsite cloud backup industry, with experience in protecting servers, VMs, desktops, Microsoft 365, Google Workspace and Salesforce data, developing the idea for BackupLABS in 2021, […]

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SpiderOak Raises $16.4 Million in Series C Round

January 25, 2023, 5:01 am

≫ Next: Komprise Raises $37 Million

≪ Previous: UK Start-Up BackupLABS Out of Stealth Mode

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SpiderOak, Inc. announced a $16.4 million series C round led by Empyrean Technology Solutions, a space technology platform backed by funds affiliated with Madison Dearborn Partners, LLC (MDP), a private equity firm based in Chicago, IL. The series C round included additional investment from Method Capital, and OCA Ventures. The oversubscribed round validates the need […]

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Komprise Raises $37 Million

January 25, 2023, 5:02 am

≫ Next: Evonetix Closes $24 Million Financing

≪ Previous: SpiderOak Raises $16.4 Million in Series C Round

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Komprise, Inc. announced new funding fueled by record-setting growth and customer expansions in 2022. The $37 million of growth capital from Canaan Partners, Celesta Capital, Multiplier Capital and Top Tier Ventures will be used to scale operations and extend market leadership, bringing the total funding to $85 million to date. “We invested in Komprise because […]

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Evonetix Closes $24 Million Financing

February 9, 2023, 5:02 am

≫ Next: Disk/Flash Crossover Event Closer Than You Think

≪ Previous: Komprise Raises $37 Million

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Evonetix Ltd completed a $24 million financing round, extending its total series B funding to over $54 million (circa £44 million). This fundraise was led by existing investor Foresite Capital, with Molten Ventures, Morningside, DCVC, Cambridge Consultants, Civilization Ventures and Providence also participating in the round. The investment will enable the continued development of semiconductor […]

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Disk/Flash Crossover Event Closer Than You Think

February 17, 2023, 5:01 am

≫ Next: Impossible Cloud Raised €7.6 Million for Seed Round

≪ Previous: Evonetix Closes $24 Million Financing

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To read this blog from Pure Storage, click on: The Disk/Flash Crossover Event Is Closer Than You Think The disk/flash TCO cutover is closer than many people may realize. In this article, we look at the elements that could render hard drives the less cost-effective option. Retail flash price in orange, HDD in green. Data […]

The post Disk/Flash Crossover Event Closer Than You Think appeared first on StorageNewsletter.

Impossible Cloud Raised €7.6 Million for Seed Round

March 6, 2023, 5:01 am

≫ Next: Collapse of Silicon Valley Bank Could Hurt Some Storage Start-Ups

≪ Previous: Disk/Flash Crossover Event Closer Than You Think

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Impossible Cloud GmbH, the cloud platform that offers decentralized, multi-service cloud solutions, announced an oversubscribed €7.6 million seed round co-led by HV Capital and 1kx, and joined by Protocol Labs, TS Ventures, and very early Ventures. In addition to capital contributed by the founders, the seed round brings the company’s funding to date to more […]

The post Impossible Cloud Raised €7.6 Million for Seed Round appeared first on StorageNewsletter.

Collapse of Silicon Valley Bank Could Hurt Some Storage Start-Ups

March 14, 2023, 6:02 am

≫ Next: CloudFest: Leil Storage Launches Storage Solution for Backup and Archive

≪ Previous: Impossible Cloud Raised €7.6 Million for Seed Round

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Funded in 1983, Silicon Valley Bank (SVB) is a US bank based in Santa Clara, CA, becoming the 16th bank in the country before collapsing on March 10, 2023. As the preeminent provider of venture debt in the industry, it works with more than half of all US-based start-ups, especially in technology including storage. Here […]

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CloudFest: Leil Storage Launches Storage Solution for Backup and Archive

March 18, 2023, 3:22 am

≫ Next: Intrinsic Semiconductor Technologies Secures £7 Million Investment to Solve Memory Bottleneck for Data Hungry Applications

≪ Previous: Collapse of Silicon Valley Bank Could Hurt Some Storage Start-Ups

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Leil Storage, a start-up based in Tallinn, Estonia, launches its cutting-edge storage solution at the CloudFest conference in Germany on March 20, 2023. The company aims to revolutionize the storage market for backup and archive by offering purpose-built solutions at low cost, all while being greener than competing options. Click to enlarge   Founded by […]

The post CloudFest: Leil Storage Launches Storage Solution for Backup and Archive appeared first on StorageNewsletter.

Intrinsic Semiconductor Technologies Secures £7 Million Investment to Solve Memory Bottleneck for Data Hungry Applications

March 18, 2023, 11:32 am

≫ Next: Start-Up Volumez Secures $20 Million Series A

≪ Previous: CloudFest: Leil Storage Launches Storage Solution for Backup and Archive

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Intrinsic Semiconductor Technologies, the next-gen memory technology company, announced it has secured £7 million in a funding round led by Octopus Ventures and supported by existing investors IP Group and the UCL Technology Fund as well as £1m in InnovateUK grants. The new funding will support the expansion of its engineering team to bring its […]

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Start-Up Volumez Secures $20 Million Series A

April 19, 2023, 5:02 am

≫ Next: Korean Start-Up Panmnesia Shatters Memory Limits with CXL Technology for Large-Scale Al Applications Like ChatGPT

≪ Previous: Intrinsic Semiconductor Technologies Secures £7 Million Investment to Solve Memory Bottleneck for Data Hungry Applications

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Volumez, a cloud infrastructure start-up, completed a $20 million series A financing round led by Koch Disruptive Technologies, with participation from existing investors, Viola Ventures and Pitango. The company’s controller orchestration software harnesses the power of Linux to quickly execute modern data infrastructure workloads using a declarative interface that makes it easy to deploy a […]

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Korean Start-Up Panmnesia Shatters Memory Limits with CXL Technology for Large-Scale Al Applications Like ChatGPT

April 24, 2023, 3:25 am

≫ Next: Weebit Nano Secures $40 million

≪ Previous: Start-Up Volumez Secures $20 Million Series A

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Panmnesia, Inc., a KAIST (Korea Advanced Institute of Science and Technology) semiconductor start-up, has introduced an AI acceleration system powered by Compute eXpress Link (CXL) technology. This system provides memory capacity and performance scalability. The innovative solution by the company connects a GPU with multiple next-gen memory expanders through the CXL interconnect. Myoungsoo Jung, CEO, […]

The post Korean Start-Up Panmnesia Shatters Memory Limits with CXL Technology for Large-Scale Al Applications Like ChatGPT appeared first on StorageNewsletter.

Weebit Nano Secures $40 million

April 25, 2023, 5:02 am

≫ Next: Start-Up Alcion Emerges from Stealth with $8 Million in Seed Funding

≪ Previous: Korean Start-Up Panmnesia Shatters Memory Limits with CXL Technology for Large-Scale Al Applications Like ChatGPT

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Weebit Nano Limited announce the completion of an approximately $40 million (AU$60 million) fund raising through the placements of 12 million new shares to international institutional investors, as well as an oversubscribed share purchase plan (SPP) to existing shareholders. Proceeds will fund further development and commercial roll-out of firm’s resistive random access memory (ReRAM) technology […]

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Start-Up Alcion Emerges from Stealth with $8 Million in Seed Funding

June 1, 2023, 4:02 am

≫ Next: IPO for Rubrik?

≪ Previous: Weebit Nano Secures $40 million

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Alcion, Inc., a data management start-up, announced $8 million in seed funding from prominent angel investors, and the public preview of its AI-driven BaaS platform. Developed with a product-led and community-driven focus, the start-up provides Microsoft 365 admins with an easy-to-use, intelligent, and secure SaaS platform to protect vs. ransomware, malware, corruption, and accidental data […]

The post Start-Up Alcion Emerges from Stealth with $8 Million in Seed Funding appeared first on StorageNewsletter.

IPO for Rubrik?

June 7, 2023, 5:01 am

≫ Next: French Start-Up Astran Raises $5 Million

≪ Previous: Start-Up Alcion Emerges from Stealth with $8 Million in Seed Funding

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To read this article from Reuters, click on: Microsoft-backed Rubrik hires banks for IPO -sources Rubrik Inc, a U.S. cybersecurity software startup backed by Microsoft Corp. and valued at $4 billion in a fundraising round 2 years ago, has hired banks for an initial public offering, 4 people familiar with the matter said. Rubrik may […]

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French Start-Up Astran Raises $5 Million

June 12, 2023, 12:23 pm

≫ Next: Hammerspace Raises $56.7 Million in First Institutional Funding

≪ Previous: IPO for Rubrik?

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Astran, a software company specializing in data security, raised $5 million in funding with Galion.Exe and Sistafund. This round of financing will allow the company to continue to drive adoption of the next standard for secure cloud storage. Eiffage, Sanofi and other public and private organizations have already adopted Astran’s solution for their confidential data. […]

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Hammerspace Raises $56.7 Million in First Institutional Funding

July 19, 2023, 5:02 am

≫ Next: Cloud DR Start-Up Arpio Raises $8.2 Million in Seed Round

≪ Previous: French Start-Up Astran Raises $5 Million

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Hammerspace Inc. announced $56.7 million in funding in its first round of institutional investment. It launched in 2018 with the vision of making all enterprise data globally accessible, useful and indispensable, sparking the next level of business innovations. The funding round, led by Prosperity7 Ventures, also includes Pier 88 Ventures, ARK Invest, and others. Data […]

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Cloud DR Start-Up Arpio Raises $8.2 Million in Seed Round

August 17, 2023, 9:02 am

≫ Next: Start-Up’s Profile: Cerabyte

≪ Previous: Hammerspace Raises $56.7 Million in First Institutional Funding

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Headquartered in Durham, NC, Arpio announced a $8.2 million seed round led by S3 Ventures and Companyon Ventures, alongside TDF Ventures and CreativeCo Capital. Existing investors YCombinator, Uncorrelated Ventures, Valor Ventures, and Triangle Tweener Fund also participated. Over the past year, the start-up has tripled revenue and grown to over 50 enterprise customers – including […]

The post Cloud DR Start-Up Arpio Raises $8.2 Million in Seed Round appeared first on StorageNewsletter.

Start-Up’s Profile: Cerabyte

September 13, 2023, 5:02 am

≫ Next: Databricks, with AI Cloud Data Platform, Raises Over $500 Million

≪ Previous: Cloud DR Start-Up Arpio Raises $8.2 Million in Seed Round

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Name Cerabyte (Ceramic Data Solutions Holding GmbH) HQs Munich, Germany, currently Balanstraße 71; from October 1 Rundfunkplatz 2 Date founded January 6, 2022 (Holding) owns Ceramic Data Solutions (2012) and Ceramicro (2021) Financial funding Public grants (2020) €1,2 million, seed round (2022) €6,5 million by 3 founders, Swiss VC Aeony (company owned by the founders, […]

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Databricks, with AI Cloud Data Platform, Raises Over $500 Million

September 15, 2023, 5:02 am

≫ Next: Alcion Raises $21 Million in Series A Funding Led by Veeam, Total at $29 Million

≪ Previous: Start-Up’s Profile: Cerabyte

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Databricks, Inc. announced its series I funding, raising over $500 million. This funding values the company at $43 billion and establishes the price per share at $73.50. The series is led by funds and accounts advised by T. Rowe Price Associates, Inc., which is joined by other existing investors, including Andreessen Horowitz, Baillie Gifford, ClearBridge […]

The post Databricks, with AI Cloud Data Platform, Raises Over $500 Million appeared first on StorageNewsletter.

Alcion Raises $21 Million in Series A Funding Led by Veeam, Total at $29 Million

September 20, 2023, 5:02 am

≫ Next: OwnBackup Now Own Company

≪ Previous: Databricks, with AI Cloud Data Platform, Raises Over $500 Million

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Alcion, Inc., a data management start-up, raised $21 million in a series A funding round, bringing the start-up’s total funding to $29 million. The round was led by Veeam Software, in data protection and ransomware recovery, and supports the general availability and global go-to-market expansion of Alcion’s security-first AI-driven BaaS platform for Microsoft 365 and, […]

The post Alcion Raises $21 Million in Series A Funding Led by Veeam, Total at $29 Million appeared first on StorageNewsletter.

OwnBackup Now Own Company

October 3, 2023, 5:02 am

≫ Next: Floadia from Japan Raises ¥1.05 Billion in Series D, Total at ¥4.95 Billion

≪ Previous: Alcion Raises $21 Million in Series A Funding Led by Veeam, Total at $29 Million

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OwnBackup is now Own Company. Since 2015, it was in SaaS backup and recovery. It empowers more than 6,000 customers around the world to independently protect their data in the Salesforce, ServiceNow, and Microsoft Dynamics 365 ecosystems. This is how we’ve become a leading independent SaaS data platform.   In addition to backup and recovery, […]

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Floadia from Japan Raises ¥1.05 Billion in Series D, Total at ¥4.95 Billion

October 12, 2023, 5:02 am

≫ Next: ThinkinQ, Joint Venture Between ThinkParQ and System Fabric Works

≪ Previous: OwnBackup Now Own Company

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Floadia Corporation, which develops embedded flash memory IP cores based in the Tokyo suburb of Kodaira-shi, has raised approximately ¥1.05 billion in series D round. As a first closing, Inabata & Co., Ltd. headquartered in Chuo-ku, Osaka, Japan, and Cypress Capital, a Hong Kong investment company, underwrote an allotment of capital for a total of […]

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ThinkinQ, Joint Venture Between ThinkParQ and System Fabric Works

November 8, 2023, 5:01 am

≫ Next: LucidLink Raises $75 Million in Series C

≪ Previous: Floadia from Japan Raises ¥1.05 Billion in Series D, Total at ¥4.95 Billion

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ThinkParQ GmbH, the company behind the parallel file system BeeGFS, announces the launch ThinkinQ, a joint venture company between ThinkParQ and System Fabric Works.  ThinkinQ’s primary objective to increase the presence of BeeGFS across North America through offering localized USA-based sales and technical support services directly to their network of partners and end users.   […]

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LucidLink Raises $75 Million in Series C

November 21, 2023, 5:03 am

≫ Next: Vast Data Hits $9 Billion Valuation

≪ Previous: ThinkinQ, Joint Venture Between ThinkParQ and System Fabric Works

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LucidLink Corp. raised $75 million in series C funding, including secondaries, led by Brighton Park Capital, an investment firm focused on entrepreneur-led, growth-stage companies within the software, healthcare, and tech-enabled services businesses space. Major existing investors, including Headline, Baseline Ventures, and Adobe Ventures, also participated. Over the past 2 years – despite a challenging environment […]

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Vast Data Hits $9 Billion Valuation

December 6, 2023, 5:01 am

≫ Next: Vast Data Secured $118 Million in Series E Funding

≪ Previous: LucidLink Raises $75 Million in Series C

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To read this article from Jewish Business News, click on: Vast Data Hits $9 Billion Valuation Israeli start-up VAST Data is about to become a super-unicorn, even an ultra-unicorn. According to a report in the publication the information, the company that offers the Vast Data Platform expects to hit a $9 billion valuation when it […]

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Vast Data Secured $118 Million in Series E Funding

December 7, 2023, 5:02 am

≫ Next: Inspeere Raised €600,000

≪ Previous: Vast Data Hits $9 Billion Valuation

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VAST Data Inc. secured $118 million in series E funding, led by Fidelity Management & Research Company and accompanied by New Enterprise Associates (NEA), BOND Capital and Drive Capital. The funding will advance firm’s mission to deliver a new category of infrastructure that puts data at the center of how systems think, react, and discover. […]

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Inspeere Raised €600,000

December 11, 2023, 5:02 am

≫ Next: UltiHash Secures $2.5 Million

≪ Previous: Vast Data Secured $118 Million in Series E Funding

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Translation from French to English with the help of Google Translate: Inspeere SAS, a French start-up specializing in the field of cybersecurity and data protection, announces its recent seed capital fund raising. This operation was possible thanks to the collaboration of several strategic investors. It strengthens the company’s position on the technological and innovative side, […]

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UltiHash Secures $2.5 Million

December 25, 2023, 5:01 am

≫ Next: Cumulus Encrypted Storage System Secures $8 Million Investment in Series A Round

≪ Previous: Inspeere Raised €600,000

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Founded in 2022 and based in San Francisco, CA, UltiHash, Inc., in high-performance and sustainable storage solution, raised $2.5 million in pre-seed funding. The round was led by Inventure, with participation from PreSeedVentures, Tiny VC, Futuristic VC, The Nordic Web, Antti Karjalainen, founder, and angel scout for Sequoia Capital, and other private investors. The start-up […]

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Cumulus Encrypted Storage System Secures $8 Million Investment in Series A Round

January 1, 2024, 5:01 am

≫ Next: AtomBeam Achieves $3 Million Milestone in Crowdfunding

≪ Previous: UltiHash Secures $2.5 Million

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In Manchester, UK, Cumulus Encrypted Storage System (CESS), in blockchain-powered decentralized storage and CDN infrastructure for Web3, closed to a Series A funding round, having secured $8 million in capital. Notable investors include HTX Venture, Infinity Ventures Crypto, DWF Labs, Mentha Partners, Vespertine Capital, Web3 Foundation, Singchain Investment, 7 O’Clock Capital, SolrDAO, FishDAO, OneBlock+, Winkrypto, […]

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AtomBeam Achieves $3 Million Milestone in Crowdfunding

January 2, 2024, 5:01 am

≫ Next: Profile of Start-Up Nimesa

≪ Previous: Cumulus Encrypted Storage System Secures $8 Million Investment in Series A Round

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AtomBeam Technologies, Inc., provider of edge data efficiency solutions, announces a milestone in its fundraising campaign on StartEngine. It has successfully reached its campaign maximum of $3 million. The world is waking up to a technology that can change how every machine communicates, and the experienced, top quality people who can make it real. Firm’s […]

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Profile of Start-Up Nimesa

January 4, 2024, 5:01 am

≫ Next: Keepit Secures $40 Million in Refinancing after $30 Million in 2020

≪ Previous: AtomBeam Achieves $3 Million Milestone in Crowdfunding

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Company: Nimesa Technologies Web site: https://nimesa.io/ Year founded: 2018 Locations: HQs in Bangalore, Karnataka, India; office in Santa Clara, CA CEO and co-founder: Tapesh Goyal, also member of HYPCCCYCL since September 2022, was member of technical staff at storage management and application integration group at NetApp from 2008 to 2012, at Vital Labs as founder […]

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Keepit Secures $40 Million in Refinancing after $30 Million in 2020

January 10, 2024, 5:01 am

≫ Next: Rubrik Plans IPO in April

≪ Previous: Profile of Start-Up Nimesa

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Keepit A/S announced HSBC Innovation Bank Limited, banking partner for businesses in cutting-edge sectors, has provided a $40 million refinancing package in partnership with The Export and Investment Fund of Denmark (EIFO). The new funding frees up capital for further investments in international expansion, hiring, business operations, and product development as the company continues to scale and […]

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Rubrik Plans IPO in April

February 5, 2024, 5:01 am

≫ Next: Simplyblock Raised $2.75 Million Seed Funding Round

≪ Previous: Keepit Secures $40 Million in Refinancing after $30 Million in 2020

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To read this article from Reuters, click on: Exclusive: Rubrik plans April listing amid U.S. probe into former employee – sources Rubrik Inc, the cybersecurity software start-up that Microsoft Corp. invested in at a $4 billion valuation in 2021, plans to go public in New York as early as April, as it handles a U.S. […]

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Simplyblock Raised $2.75 Million Seed Funding Round

February 20, 2024, 5:02 am

≫ Next: Clumio Secures $75 Million in Series D Funding

≪ Previous: Rubrik Plans IPO in April

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Simplyblock Gmbh, the Berlin, Germany-based high performance cloud storage start-up, announced a $2.75 million seed funding round. The round was led by 42CAP, the pan-European seed stage VC firm alongside Antler, the most active early-stage investor in Europe and Begin Capital, an international VC firm based in London, UK. Angel investors include Johan Svensson, the […]

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Clumio Secures $75 Million in Series D Funding

February 21, 2024, 5:02 am

≫ Next: Cloud Storage Service Egnyte Hires Banks for IPO

≪ Previous: Simplyblock Raised $2.75 Million Seed Funding Round

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Clumio, Inc. secured $75 million in a series D funding round led by Sutter Hill Ventures, along with participation from existing investors Index Ventures and Altimeter Capital, and new investor NewView Capital. The investment will be used to accelerate the company’s innovation and go-to-market in simplifying backup and recovery for public cloud customers. The company […]

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Cloud Storage Service Egnyte Hires Banks for IPO

March 1, 2024, 5:01 am

≫ Next: Vawlt Receives €2.15 Million in New Funding

≪ Previous: Clumio Secures $75 Million in Series D Funding

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To read this article from Telecom.com, click on: Cloud storage service Egnyte hires banks for IPO Cloud storage service Egnyte has hired underwriters for an IPO in New York that could value it at more than $3 billion, according to people familiar with the matter. Egnyte has tapped JPMorgan Chase to lead its preparations for […]

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Vawlt Receives €2.15 Million in New Funding

March 12, 2024, 6:02 am

≫ Next: Ocient Secures $49.4 Million, Total at $119 Million

≪ Previous: Cloud Storage Service Egnyte Hires Banks for IPO

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Vawlt Technologies S.A., the start-up in the global long-term storage market, closed an additional €2.15 million round of funding.  It secured a total of 3 new investors, with Lince Capital as the round leader, and Basinghall and Beta Capital listing as the other two 2 joiners. This latest funding round also includes participation from Vawlt’s […]

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Ocient Secures $49.4 Million, Total at $119 Million

March 14, 2024, 6:02 am

≫ Next: Supermicro Announces Once More IPO

≪ Previous: Vawlt Receives €2.15 Million in New Funding

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Ocient Holdings LLC closed $49.4 million in funding. This latest raise is an extension of its series B financing, previously led by Greycroft and OCA Ventures, and includes new venture investors Buoyant Ventures, Levy Family Partners, Riverwalk Capital, and Wolf Capital Management, as well as all prior major investors. This latest raise will be used […]

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Supermicro Announces Once More IPO

March 20, 2024, 6:02 am

≫ Next: Supermicro Announces Pricing of Public Offering of Common Stock

≪ Previous: Ocient Secures $49.4 Million, Total at $119 Million

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Super Micro Computer, Inc. launched a proposed underwritten registered public offering of 2,000,000 shares of its common stock. In addition, it expects to grant the underwriter a 30-day option to purchase up to an additional 300,000 shares of its common stock. The proposed offering is subject to market and other conditions, and there can be […]

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Supermicro Announces Pricing of Public Offering of Common Stock

March 21, 2024, 6:02 am

≫ Next: Astera Labs Announces Pricing of IPO

≪ Previous: Supermicro Announces Once More IPO

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Super Micro Computer, Inc. announced the pricing of its previously announced underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $875 per share. Additionally, it has granted the underwriter a 30-day option to purchase up to an additional 300,000 shares of common stock at the public offering price, […]

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Astera Labs Announces Pricing of IPO

March 21, 2024, 6:02 am

≫ Next: Profile of Start-up AirMettle

≪ Previous: Supermicro Announces Pricing of Public Offering of Common Stock

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Astera Labs, Inc. announced the pricing of its initial public offering of 19,800,000 shares of its common stock at a price to the public of $36.00 per share. The offering consists of 16,788,903 shares of common stock offered and 3,011,097 shares of common stock to be sold by certain of company’ existing stockholders. In addition, […]

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Profile of Start-up AirMettle

March 21, 2024, 6:03 am

≫ Next: Strategic Investment from OKX Ventures into 0G, Formerly Zero Gravity

≪ Previous: Astera Labs Announces Pricing of IPO

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Company: AirMettle, Inc. Located in: HQs Houston and other sites in San Francisco, CA, Washington, DC, Melbourne, Australia, and Tokyo, Japan Web site: AirMettle.com Founded in: 2018 Financial funding: Over $3 million in seed investments, and over $1 million in SBIR/STTR grants Founders: Donpaul Stephens: Founder and CEO, he is a serial entrepreneur best known […]

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Strategic Investment from OKX Ventures into 0G, Formerly Zero Gravity

March 27, 2024, 6:02 am

≫ Next: Hive Raised €12 Million Series A Round

≪ Previous: Profile of Start-up AirMettle

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OKX Ventures, the investment arm of crypto exchange and Web3 technology company OKX, has invested in 0G, formerly known as Zero Gravity, which offers data availability (DA) and storage solutions. The first modular AI chain has changed the launch of decentralized AI apps by providing the fastest DA layer. 0G Labs bridges the gap between […]

The post Strategic Investment from OKX Ventures into 0G, Formerly Zero Gravity appeared first on StorageNewsletter.

Hive Raised €12 Million Series A Round

March 29, 2024, 6:04 am

≫ Next: Microsoft-Backed Rubrik Files Registration Statement for Proposed IPO Next Week

≪ Previous: Strategic Investment from OKX Ventures into 0G, Formerly Zero Gravity

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SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is leading a €12 million ($13 million) series A round for distributed cloud provider Hive, to increase access to sustainable, high-powered computing resources for businesses and individuals. OneRagtime, a French venture capital fund that led this round, and a collection of private investors also joined […]

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Microsoft-Backed Rubrik Files Registration Statement for Proposed IPO Next Week

April 2, 2024, 5:02 am

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Rubrik, Inc. filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to a proposed IPO of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The company intends to list its Class A […]

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Company Profile: XenData

April 2, 2024, 5:02 am

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Company name: XenData Limited HQ and offices: Europe: XenData Limited, Castle Park, Cambridge, UK USA: XenData, Inc., Pine Grove, CA Website: xendata.com Date founded: 2001 Founders: Dr Philip Storey – CEO     Mark Broadbent – CTO     This is the third company where Storey and Broadbent have worked together. They formed XenData in […]

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Israeli Start-Up Datafy Raises $6 Million in Seed Round

April 11, 2024, 5:02 am

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Datafy, a start-up poised to redefine cloud storage optimization, completed a $6 million seed funding round led by global software investor Insight Partners. This investment propels its mission to make cloud storage cost-effective and manageable for companies navigating the complexities of the digital age. The cloud storage sector is experiencing rapid growth, driven by an […]

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IBM Invests in Cohesity for Series F Financing of $150 Million

April 12, 2024, 5:02 am

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Cohesity, Inc. announced a deepening of its cyber resilience collaboration with IBM Corp. The enhanced relationship will accelerate the development of essential cyber resilience capabilities to address organizations’ critical need for increased data security and resilience across hybrid cloud environments. With this announcement, Cohesity completes its series F financing, with IBM joining Nvidia Corp. as […]

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Start-Up Profile: Geyser Data

April 16, 2024, 5:02 am

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Company name: Geyser Data, Inc. HQ and offices: Tustin, CA Website: geyserdata.com Date founded: January 22, 2024 Founder, CEO and CTO: Nelson Nahum, a prominent figure in the storage industry, has an impressive history of achievements. He was instrumental in establishing Zadara, a groundbreaking company that introduced On-Premises Storage-as-a-Service and evolved into one of the […]

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