Terascala Receives Funding From Intel Capital

Terascala, Inc. announced that Intel Capital has made a financial investment in Terascala.

The investment is part of the company’s $14 million Series B funding round previously announced April 24, 2012, that is being used to fund growth in research and development, customer support, marketing, and sales.

The burgeoning growth of unstructured data has ushered in an era known as big data computing, which challenges IT organizations to store, manage and more quickly deliver petabyte-range data to large scale, compute-intensive applications. Parallel data delivery can make these applications run 5x to 10x faster, leading to more responsive business results. Purpose-built on Intel servers with Xeon E5-2600 processors-and coupled with Lustre, Terascala offers a performance storage appliance that enables enterprises to utilize big data now while leveraging their existing investments.

"With big data and compute capacity both growing at exponential rates, the important problem to solve is how to get the two together more rapidly," said John Mascarenas, investment director, Intel Capital. "Conventional data delivery technology is not fast enough, but this problem can be solved with a parallel file system delivering data to and from applications running on Intel’s latest family of Xeon processors. Together with our recent acquisition of Whamcloud, we are committed to making big data actionable for enterprises."

"This ivestment will help us gain better market traction with major system vendors, including Dell, EMC, and NetApp," said Steve Butler, CEO of Terascala. "Our goal is to make high performance storage solutions enterprise-ready-optimized for performance and capacity, easy to set up and use, and with toolsets to manage data workflow within an existing IT infrastructure."

The Terascala LustreStack appliance suite offers tools for system monitoring, health check and break/fix; event logging and alerts; application tuning; and workflow.

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Terascala Closed $14 Million Series B Funding Round
After first round at $3 million in 2007