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TidalScale Completes $24M Series B Round

       
CAMPBELL, CA, TidalScale, the pioneer at the heart of the Software-Defined Server revolution, today announced it has raised a $24 million Series B funding round.
Click here for more funding data on TidalScale
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The new funding comes from a strong investment syndicate that includes Bain Capital Ventures, Hummer Winblad, Sapphire Ventures, Infosys, SK Hynix, and a leading server OEM, as well as other undisclosed investors.

Gary Smerdon, President & CEO at TidalScale
"TidalScale helps organizations sharpen their competitive advantage by making in-memory computing accessible with data sets that exceed the capabilities of even the largest traditional servers-with linear cost. Our breakthrough Software-Defined Server technology amplifies the value of modern data centers by enabling organizations to build a virtual server of any size -- the right size -- in just minutes. For our customers, TidalScale Software-Defined Servers have proven to be game-changing. We're honored that so many respected investors and partners recognize the value and promise of TidalScale."

News Summary:

-TidalScale has attracted $24 million in Series B funding.
-Investors include Bain Capital Ventures, Hummer Winblad, Sapphire Ventures, Infosys, SK Hynix, and a leading server OEM, in addition to other undisclosed investors.
-TidalScale will use the funds to accelerate adoption of Software-Defined Servers.

Delivering on the promise of the Software-Defined Data Center
Organizations increasingly face workloads that overwhelm even their largest servers. To address this, customers are installing excess capacity based on the projected future requirements - thus possibly overpaying for years to come. The fast, flexible, easy and cost-effective solution to this problem is TidalScale's Software-Defined Server technology. With TidalScale, customers can create a Software-Defined Server from standard commodity physical servers in minutes. And once it's up and running, TidalScale's real-time machine learning layer continuously optimizes system performance. The result is flexible, self-optimizing software-defined compute infrastructure right-sized for today and easily reconfigured as an organization's needs evolve. Organizations that rely on in-memory databases like Oracle Database, SAP HANA, simulations, and analytics workloads like Open Source R are discovering that TidalScale Software-Defined Servers redefine the landscape of cost-effective solution options.

Additional Quotes:
Deepak Padaki, Executive Vice President, Infosys:
"There is an intensifying need from our clients to derive business value from big data. But traditional approaches to accessing more memory and cores are either too expensive or time-consuming for organizations that need to operate with agility. TidalScale's breakthrough Software-Defined Servers offer another way--one that delivers insights faster while reducing costs. TidalScale fits well with our portfolio of innovative solutions, which is why we have increased our investment in this talented, game-changing company."

Enrique Salem, Managing Director, Bain Capital Ventures
"The benefit of 'software-defined' is well established for key data center technologies such as networking and storage. TidalScale is bringing this same disruptive benefit to servers, the heart of the data center. A Software-Defined Server enables the computer to be sized to match the needs of the application, thus optimizing performance while also driving down costs. We are excited to extend our partnership with TidalScale because of its first-mover advantage and enormous potential to capture this market."

Ashish Nadkarni, Group Vice President, Infrastructure Systems, Platforms and Technologies, IDC:
"Data center and infrastructure administrators are seeing that applications increasingly need more resources to process big data and complex applications, and this need will only intensify in the future. With its Software-Defined Servers, TidalScale has invented a way to derive greater flexibility and value from existing infrastructure resources by providing the software-defined compute element within a genuinely composable datacenter architecture. Technologies like TidalScale's will continue to have a disruptive effect on IT infrastructure."

About TidalScale, Inc.
TidalScale is the leading provider of Software-Defined Servers. By right-sizing servers on demand, TidalScale helps organizations achieve results sooner and at a lower cost than traditional scaling options, while bringing new levels of flexibility and value to data centers. TidalScale solutions deliver in-memory performance at any scale, are self-optimizing, use standard hardware and are compatible with all applications and operating systems - and they achieve all this with no changes to applications or operating systems. TidalScale transforms the economics of the data center and the traditional time constraints of working with big data. The company has earned numerous awards, was named an IDC Innovator[i] for 2017, and was a winner of the Red Herring Top 100 Global award for 2017. TidalScale is privately held with backing from Bain Capital, HWVP, Sapphire Ventures, Infosys, Citrix, SK Hynix, and Samsung. Learn more at http://www.tidalscale.com.
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