Your Source for Venture Capital and Private Equity Financings

PernixData Raises $35M in Series C Financing

2014-08-20
SAN JOSE, CA, PernixData, the leader in server-side storage intelligence, announced today that the company has raised $35 million in Series C funding.
PernixData, the leader in server-side storage intelligence, announced today that the company has raised $35 million in Series C funding. Menlo Ventures led the oversubscribed round, which also included new individual investments from Marc Benioff (chairman and CEO of salesforce.com), Jim Davidson (Co-Founder, Managing Partner and Managing Director at Silver Lake), and Steve Luczo (chairman and CEO of Seagate Technology). Previous investors Kleiner Perkins Caulfield and Byers, Lightspeed Ventures, Lane Bess, Mark Leslie and John Thompson also contributed to the Series C round, which now brings the total investment in the company to $62 million.

On July 31, 2014 PernixData also closed its first full fiscal year, which had 42 percent quarter-over-quarter revenue growth and revenues that set a record amongst enterprise infrastructure software companies.

'PernixData has experienced an absolutely amazing year with groundbreaking product features, 160 percent growth in world-wide headcount, extensive industry accolades, top tier funding, and revenues that were 50 percent higher than any other enterprise software company during its first year of sales, handily beating the previous record in this space,' said Poojan Kumar, CEO and co-founder of PernixData. 'This underscores the enormous demand for our unique decoupled storage architecture. We will use this revenue momentum and the new round of funding to execute on our next phase of product vision and deliver FVP globally to all virtualized data centers.'

'We are witnessing a fundamental shift in storage design where performance is decoupled from capacity using PernixData FVP software and server side flash,' said Steve Luczo, chairman of the board and CEO of Seagate Technology. 'This brings unparalleled performance and scalability to virtualized applications, and makes flash technology a strategic component of tomorrow's software defined data center.'

'The initial journey to virtualization took many years and resulted in a fundamental shift in data center design and operations,' said John W. Thompson, CEO of Virtual Instruments and chairman of Microsoft. 'It is really exciting to see this next phase of acceleration as more companies of all sizes embrace the unique technology of PernixData to improve overall application performance in their software defined data centers.'

About PernixData

PernixData is fundamentally changing how storage is designed and operated in virtual data centers. The company's flagship product, PernixData FVP, virtualizes server flash and RAM to enable scale-out storage performance that is independent of capacity. No changes are required to VMs, servers or primary storage, ensuring maximum performance of all virtualized applications in a seamless, scalable and cost-effective manner.

Based in San Jose, California, PernixData was founded by virtualization experts and backed by industry luminaries in the software space. For more information, please visit www.pernixdata.com and follow us on Twitter @PernixData.
(c) 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