Infinidat

Infinidat

Company type	Private
Industry	Data storage
Founded	2011
Founder	Moshe Yanai
Headquarters	Waltham, MA Herzliya, Israel
Area served	Worldwide
Key people	Phil Bullinger (CEO) Shahar Bar-Or(CPO) Alon Rozenshein(CFO)
Website	www.infinidat.com

Infinidat is an Israeli-American data storage company.

History

Infinidat was founded by Moshe Yanai[1][2] in 2011.[3] By 2015 it was valued at $1.2 billion,[1] and in 2017 it was valued at $1.6 billion.[4] The company has offices in 17 countries and two headquarters: one in Waltham, MA and one in Herzliya, Israel.[5]

InfiniBox

In 2013 the company filed for thirty-nine patents,[2] and later that year released its flagship product, the InfiniBox. Each system initially managed about five petabytes of data.[4]

As of October 2017, the company had shipped about two exabytes worth of storage to its customers.[6][7] The company uses conventional and flash storage, and has a better than one million IOPS performance and 99.99999 percent reliability.[8] The product is used by large corporations and clients including cloud service providers, telecoms, financial services firms, healthcare providers, and others that require large amounts of data storage.[9]

Funding

In 2015 the company received $150 million in funding during its Series B round led by TPG Growth.[10]

In 2017, the company received $95 million in funding,[4] in a Series C round led by Goldman Sachs. At this stage it had received $325 million in total funding.[5]

References

1. Press, Gil. "5 Rules For Practicing Disruptive Innovation While Staying On Top Of Big Data Waves". Forbes Magazine.
2. "Infinidat quietly files THIRTY-NINE patents. Let's take a closer look". The Register.
3. Harris, Robin. "Infinidat shakes up enterprise storage market - ZDNet". ZD Net.
4. Rubin, Eliran (4 October 2017). "Israeli-U.S. Data-storage Startup Infinidat Raises $95 Million". Haaretz.
5. "Goldman Sachs targets $40bn storage world with multi-million Dollar investment into Infinidat". Data Economy. 4 October 2017.
6. "OpenIO Secures $5 Million in VC Funding". www.datamation.com. Datamation.
7. "Infinidat to flog Brocade storage networking gear". The Register.
8. Barker, Colin. "Infinidat looks at how storage can evolve to work with the cloud - ZDNet". ZD Net.
9. "Data Storage Startup Raises $95 Million, Making it Israel's Latest High-Tech "Unicorn"". The Tower.
10. "Infinidat Worth $1.6 billion after Goldman Sachs Investment". Boston Business Journal. October 3, 2017.