Amplidata Closes $6 Million in Second Funding Round

Amplidata has completed a $6 million funding round with investors Big Bang Ventures, Endeavour Vision and Swisscom Ventures.

Amplidata provides unbreakable storage for use in high-availability, corporate or cloud data storage infrastructures. "We see that this market is accelerating rapidly," says Wim De Wispelaere, CEO and co-founder, "and the support of this international group of investors will strengthen our market position."

The company’s BitSpread encoding technology is 10,000 times more reliable than conventional RAID storage at a tenth of the cost per terabyte. It scales up to tens of petabytes. By combining a series of energy-saving technologies, Amplidata’s storage appliances need just 10W per terabyte of raw disk capacity, a five-fold saving compared with conventional storage.

Amplidata already has a successful OEM business across Europe and the US. This round of funding will allow the company to expand its sales and marketing operations into the US market. Swisscom Ventures’ involvement shows that the solution is also of strategic relevance to telecom operators.

"Amplidata storage technology is disruptive in the best possible sense," says Frank Maene, Managing Partner at Big Bang Ventures. "Put simply, it is more cost-effective, more reliable and greener than competing storage solutions."

"Wim De Wispelaere and Wouter Van Eetvelde are innovators and industry veterans," adds Dominique Pitteloud, Senior Investment Director at Endeavour Vision. "It’s an attractive investment because they’re a strong team, with innovative solutions in a hot market."

Amplidata offers a new generation of scalable, highly available storage targeted at cloud computing applications. Addressing the need of both primary storage and backup, the Amplidata solution requires three times less disk storage, is five times more power-efficient than current solutions and is ten times less expensive. The company was founded in 2008 by Wim De Wispelaere (CEO) and Wouter Van Eetvelde (COO), two storage industry veterans, and high-tech visionary Kristof De Spiegeleer (Chairman). Amplidata is headquartered in Lochristi, Belgium, with business operations in Redwood City (CA), USA, and R&D operations in Germany, Egypt and India.

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