22 Financial Rounds for Storage Start-Ups at Mid-Year 2017

Since January 2017, storage start-ups accumulated a total of 22 financial rounds for a total raised reaching $728.1 million or an average $33.1 million.

On average, a company got historically $45 million in total funding until 2016, the amount per round being $18 million.

The trend is similar as there were 41 financial rounds in full year 2016, but for $947.2 million or a lower average of $23.1 million per round.

VCs continue to be more reluctant to invest in storage these last two years. 2016 was globally the worst year for start-ups, about twice less rounds than the former year and with the lowest figure in term of cumulative investment since 2003. 2017 could be only a little better

The highest round was $180 million for Rubrik this year. It was $77 million for Upthere in 2016, $175 million for Simplivity in 2015, and as much as $900 million for Cloudera in 2014.

Largest financial rounds in 2017
(at $70 million and more)

By country, companies getting financial funding came for the vast majority from USA (18), then France (2, Canada (1) and China (1).

There were two IPOs in 2016: Nutanix getting $238 million after $370 million in total financial funding, and EverSpin Technologies raising $40 million after $45 million investment. Since January 2017, only one, Cloudera, became public getting $225 million on the stock exchange market following $1.041 million invested by VCs. Another IPO is expected soon from for Tintri hoping to raise $100 million after getting $260 million in financial funding.

Only 2 start-ups did find buyers in 2016, 13 in 2015, and 6 in 2017 including two big deals by HPE to hope to finally increase its storage revenue.

Acquired start-ups in 2017

Formation Data Systems and outpace.ioc closed doors in 2017, as well aso two (ClusterHQ, InterModal Data) last year.

All Financial Rounds in 2017