Kaminario Raises $75 Million in Funding to Fuel Growth and Innovation

Source URL: http://kaminario.com/company/news-and-press/press-releases/kaminario-raises-75-million-funding-fuel-growth-innovation-flash-storage-company-continues-power-digital-transformation-cloud-adoption/

NEEDHAM, Mass., Jan. 10, 2017 – Kaminario, a leading all-flash storage company, today announced it has secured $75 million in a new round of financing, bringing the company’s total funding to $218 million. The latest round was led by Waterwood, a private equity firm that invests in growth-stage technology companies and CIRTech, a venture capital firm that invests across a range of technology sectors in Israel, Russia, China, and the US. Participation in this round was 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 research and development.

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“Our strong business growth, cutting-edge technology and the all-flash market opportunity make Kaminario very attractive to investors and partners alike,” said Dani Golan, founder and CEO, Kaminario. “The role of the data center is transforming as businesses continue to accelerate digital transformation and cloud adoption, and we are perfectly positioned to deliver agile storage solutions for today’s on-demand applications. This new funding will allow us to continue our global expansion and accelerate our innovation agenda to better serve our customers.”

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About Calsoft

Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. www.calsoftinc.com

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