Kaminario Secures $53 Million

Kaminario, Inc. has closed a oversubscribed $53 million financing round, bringing total raised capital to $128 million.

In addition to existing investors Sequoia Capital, Pitango Venture Capital, Globespan Capital Partners, Tenaya Capital, Inc. and Mitsui & Co. Global Investment Ltd., the round includes contributions from new investors, Silicon Valley Bank and Lazarus Hedge Fund, as well as a large public company.

The firm will use the new investment to accelerate growth and extend go-to-market sales, marketing and support reach with its efficient, scalable and agile K2 all-flash storage array.

“Flash arrays have quickly exploded in the market because they can meet modern business needs in a way legacy solutions cannot,” said Haim Sadger, managing partner, Sequoia Capital. “The growing demand is pushing vendors to be more agile, scalable and cost-effective than ever before – and Kaminario has risen to the head of the pack. The speed with which the company has moved from early pioneer to a leading player in this burgeoning market is a testament to its world-class innovation and successful customer deployments.”

Since the launch of its fifth-generation K2 all-flash array, Kaminario has continued to grow its customer base with hundreds of K2 systems, maintaining high customer satisfaction rate.

Highlights of the company’s notable achievements include:

• Quadrupled bookings since the launch of its fifth-generation K2 in late May with a range of customers in industries including financial services, healthcare, digital advertising, federal and education;
• Named a visionary in Gartner’s 2014 first annual Magic Quadrant for Solid-State Arrays based on its scale-up/scale-out architecture, an average price of $2/GB with the guaranteed effective capacity and strong R&D and engineering support;
• Featured consistently in the top three solutions across six use cases in Gartner’s Critical Capabilities for Solid-State Arrays report;
• Received the Most Innovative Flash Memory Technology at the Flash Memory Summit; and
• Expanded its channel partner network to 70+ US-based partners.

“Leveraging flash is simply better for business – with the right solution, enterprises can accelerate business outcomes with faster time-to-market for new services, better user experiences and quicker business insights,” said Dani Golan, founder and CEO, Kaminario. “Our additional funding is a strong endorsement for our mission of making flash storage accessible and affordable for every enterprise. With its unmatched cost-efficiency and the unique scalability of its architecture, K2 will continue to revolutionize the all-flash array market.“