Komprise Lands $12M Series B
CAMPBELL, CA, Industry-leader in intelligent data management across clouds, has raised $12M in Series B funding, led by Walden International.
Komprise, the industry-leader in intelligent data management across clouds, has raised $12M in Series B funding, led by Walden International, with participation from existing investor Canaan Partners and notable luminaries including Bill Moore (co-founder ZFS, ex-EMC Fellow), and Sanjay Mehrotra (ex-CEO SanDisk). Additionally, the Komprise Data Management Grid, which scales linearly with no central bottlenecks, is now generally available, enabling businesses to manage the massive scale of today's data while cutting 70% of costs.
Komprise will use the funds to scale operations globally and accelerate the company's rapid momentum with customers and partners. Since announcing general availability of Komprise Data Management 1.0 last summer, Komprise has quickly gained strong traction both with partners and customers. Komprise has forged partnerships with major storage and cloud players including Amazon Web Services, Google Cloud Storage, Microsoft Azure, HPE, NetApp, EMC, Quantum, SpectraLogic and Scality. Komprise is now being used by leading enterprises across verticals including financial services, genomics, healthcare, manufacturing, engineering, media and entertainment, and government.
Komprise is disrupting the multi-billion dollar market for unstructured data management with an easy to adopt, easy to scale, storage agnostic solution that costs a fraction of the alternatives. According to the analyst firm IDC, by 2020 the digital universe will reach 44 zettabytes, 90% of which is unstructured data. Existing data management approaches were not designed to handle this monumental explosion in the variety, volume, and velocity of data - 25% of IT budgets are already spent on storage and data management with no room to grow. Komprise enables businesses to squeeze data growth into flat budgets and cut 70% of costs, without disrupting users or the existing storage infrastructure.
'We invest in proven teams with a clear solution that addresses a large well-defined market opportunity. Komprise addresses an urgent unmet market need by actually solving the data management problem that others have not - managing data growth intelligently with visibility across storage,' says Lip-Bu Tan, Chairman of Walden International. 'We are excited to help Komprise accelerate its growth as it has the potential to reshape how the world manages its data.'
'Few startups have both leading enterprises as customers and major storage and cloud players as partners. Komprise's incredible market momentum is a testament to the clear value it delivers to customers managing data across clouds. We are excited to continue backing this innovative company and phenomenal team,' says Maha Ibrahim, General Partner at Canaan Partners.
Komprise Data Management Grid
The Komprise Data Management Grid builds on the core Komprise analytics-driven management platform to add on-demand linear scaling without any central bottlenecks such as databases or controllers. Unlike traditional solutions that are costly, complex, and limit scaling with centralized architectures, Komprise is the industry's first and only adaptive scale-out data management solution that requires no hardware, deploys in 15 minutes, is storage agnostic without any storage agents, uses analytics to intelligently manage, archive, replicate and protect data across both on premise and cloud storage, and scales on-demand to handle massive scale. Scaling Komprise simply involves a single button-click to add more virtual appliances - and the Komprise grid automatically load balances, manages high availability through redundancy, and provides Disaster Recovery. Komprise creates a sustainable approach to manage the growing onslaught of data with a radically simple to operate solution with no changes to existing storage, processes, users or infrastructure while enabling customers to save 70% of the costs. For more information and a free trial, go to https://www.komprise.com
'What impressed me with Komprise is that they have built an analytics-driven, scale-out approach to automate tiering of data across storage systems. Not only that, but it is dead simple to try out and deploy, showing up front how it will manage your data across both on premise and cloud storage, saving you management time and storage costs. Something every CIO I've talked to has had as a top priority,' says Bill Moore, EMC Fellow and co-author of the ZFS filesystem.
Komprise, the industry-leader in intelligent data management across clouds, empowers businesses to efficiently manage today's massive scale of data growth while unlocking its value. The Komprise mission is to radically simplify data management through intelligent automation. Komprise partners include NetApp, EMC, Google Cloud Platform, Amazon Web Services, and Azure. Komprise is used by enterprises to intelligently manage data at scale. For more information, go to https://www.komprise.com.
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