Your Source for Venture Capital and Private Equity Financings

Amplidata Wins Additional $6M

LOCHRISTI, BELGIUM, Innovator in object-based storage technology announced that it received $6 million in additional funding, including funding from new investor Quantum Corp.
Amplidata, an innovator in object-based storage technology, announced today that it has named storage industry veteran Mike Wall as its new CEO. Wall has been Amplidata's chairman since April 2012, and replaces founder Wim De Wispelaere who becomes Amplidata's chief technology officer. Wall, formerly president and CEO of storage innovator Atempo, was a founding member of the management team that developed Intel Corporation's storage division. He brings over 30 years of enterprise IT industry leadership to the opportunity of propelling Amplidata's growth during this renaissance in enterprise IT as CIOs reinvent their data centers for higher performance at lower cost.

Amplidata today also announced that it received $6 million in additional funding, including funding from new investor Quantum Corp. (NYSE: QTM), a proven global expert in data protection and Big Data management, as well as participation from all previous investors. Quantum, one of its OEM partners, is integrating Amplidata's optimized object storage technology into a new family of Big Data management and tiered storage solutions. Other venture capital investors in this round are Intel Capital, Swisscom Ventures, Hummingbird Ventures and Endeavour Vision. Today's funding reflects a total $20 million invested in Amplidata to date.

Amplidata is the leading vendor answering the Big Unstructured Data opportunity by enabling organizations to efficiently monetize their large, mostly inactive data stores. With its Rateless Erasure Coding technology, Amplidata uses "heavy math" to provide petabyte-scale storage infrastructures that meet the highest availability and performance requirements at the lowest possible cost. Amplidata's N-way protection allows 100% data accessibility over the extended content lifecycle even when disks fail or entire sites go down. Its systems reduce the chance for data loss to less than one in 15-9's -- that's 99.9999999999999% data durability, the highest on the market.

"There's enormous opportunity for Amplidata as we enter the post-RAID era," said Mike Wall, CEO of Amplidata. "I've never seen a technology that has so singularly impressed everyone who tests it. We're challenging the status quo of traditional data storage infrastructures and making possible what was previously impossible for Big Unstructured Data applications. Backed by fresh funding and an invigorated team, we're the name to watch in the object storage sector."

About Amplidata

Founded in 2008, Amplidata provides AmpliStor optimized object storage solutions for Big Unstructured Data. Its patent-pending BitSpread erasure coding technology provides the highest storage reliability and performance at the lowest possible cost - scaling beyond petabytes and requiring 50-70% less storage capacity to protect data compared to traditional solutions.

The Amplidata team consists of storage experts behind the success of DataCenter Technologies, Dedigate and Q-layer. Named a "Cool Storage Company" in 2012, Amplidata is privately funded by Intel Capital, Quantum, Swisscom Ventures, Endeavour Vision and Hummingbird Ventures. Operational headquarters are in Lochristi, Belgium with US headquarters in Redwood City and sales and support worldwide.
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000 startups and 5,000 VC investors

Featured Reading