Elastifile, founded by former XtremIO and Red Hat execs, has $8 million in new Series A funding from Battery Ventures and Lightspeed Venture Partners to attack software-based primary storage.
When it comes to flash memory, everyone’s buying and everyone’s for sale, apparently. Cisco says it will integrate Whiptail flash memory into its UCS servers.
EMC has bought Israeli flash-storage startup XtremIO for $430 million, according to Israeli news site Globes. The acquisition was expected after rumors began swirling in late April that EMC was courting the company, which sells a storage composed entirely of flash.
Data center managers aren’t the only ones suddenly charmed by solid-state drives (SSDs) for computing storage needs. A growing number of VCs are also warming to the green, high-performance potential of the storage technology (GigaOM Pro Research, subscription required).
With no moving parts to speak of, a solid-state drive is far and away more energy efficient than its disk-based counterpart, the hard drive. Generally speaking, it also delivers better performance, resulting in a combination that’s proving increasingly attractive to data center operators. That edge helps IT shops overlook storage capacities that fall short of hard drives and helps justify the lofty price tags attached to SSD-based storage systems. It’s also an edge that’s attracting VC investment.
The latest news comes from XtremIO. This week the company announced that it had scored a Series A funding of an undisclosed amount from two Israeli venture firms, Giza and JVP. Heading up this early-stage storage player is CEO Rokach Ehud, with over a decade of experience in the telecommunications industry, including a stint as the CEO of Corrigent Systems, a carrier Ethernet switching provider. Details are scarce (the companies web site says it’s in stealth), but the company’s announcement makes clear that XtremIO has enterprise IT ambitions for its storage systems.
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