Your Source for Venture Capital and Private Equity Financings

Kaminario Secures Additional $15M

NEWTON, MA, leading all-flash array storage provider for midrange enterprises has raised an additional $15 million
Kaminario, the leading all-flash array storage provider for midrange enterprises, today announced it has achieved more than 100% quarter-over-quarter growth in bookings in Q4 2014, with the majority of customers choosing to expand their implementations following initial purchase. Kaminario also announced it has raised an additional $15 million toward its recently oversubscribed round of $53 million in December due to strong demand from investors. The company's total funding now stands at $143M.

'Kaminario is at the leading edge of a revolution in storage,' said Brian Abrams, Partner at Lazarus, a US-based hedge fund. 'More companies than ever are looking to implement flash in their data centers, and Kaminario's all-flash array offers an unprecedented combination of value and performance. This funding round strongly positions Kaminario to capitalize on its recent progress and grow exponentially in the months and years ahead.'

Kaminario's growing roster of customers spans across many industries, including an elite institution of higher education, a national food distributor, and a top federal agency in the United States. The company will continue to bolster its portfolio in 2015, planning to expand into five new regions in Europe -- yet another indicator of the company's bullish forecasts for product demand.

'We believe that all-flash is the future of storage, and we're committed to developing a comprehensive, top-tier product that supports the broad scope of our customers' requirements,' says Dani Golan, founder and CEO of Kaminario. 'The growth and recognition we've experienced in 2014 attests to our dominance in industry innovation, our understanding of customer needs and product roadmap delivery. We're both humbled and invigorated by how far we've come and will continue working to achieve our mission of making flash storage accessible, affordable and beneficial for every enterprise.'

Kaminario's impressive Q4 results cap a year of significant company milestones and industry recognition, including:

Released the fifth-generation of Kaminario K2, the most cost-efficient all-flash array on the market with an average price of $2/GB guaranteed capacity and the industry's only scale-up and scale-out solution;
Raised $68 million in Series E for a total of $143 million in overall funding;
Named a visionary in Gartner's 2014 first annual Magic Quadrant for Solid-State Arrays and featured consistently in the top three solutions across six use cases in Gartner's Critical Capabilities for Solid-State Arrays report;
Increased headcount by 25% quarter-over-quarter since launching its latest K2 in order to address the influx of new customers, a rate that will continue through 2015;
Set the pace for product innovation with dozens of submitted patents, and with the addition of always-on, data-at-rest encryption capabilities to K2;
Awarded the 'Most Innovative Flash Memory Technology' at the Flash Memory Summit;
And expanded its channel partner network to more than 70 US-based partners.

About Kaminario
Kaminario is the leading provider of enterprise-class all-flash storage, delivering unparalleled cost efficiency, with an average price of $2/GB and the industry's only guaranteed effective capacity. Built from the ground up to take advantage of the most modern flash SSD capabilities, Kaminario K2 is the only product to feature a true scale-out and scale-up architecture that allows organizations to grow capacity and performance based on their needs. The company is headquartered in Boston, Massachusetts, with offices in Yoqneam, Israel, Silicon Valley and New York City, and backed by Sequoia, Pitango, Globespan, Tenaya, Silicon Valley Bank and others.
(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