Kaminario Raised Additional $15 million

Kaminario, Inc. has achieved more than 100% quarter-over-quarter growth in bookings in Q4 2014, with the majority of customers choosing to expand their implementations following initial purchase.

The company also announced it has raised an additional $15 million toward its recently oversubscribed round of $53 million in December due to strong demand from investors. The company’s total funding now stands at $143 million.

“Kaminario is at the leading edge of a revolution in storage,” said Brian Abrams, partner, Lazarus Hedge Funds, a US-based hedge fund. “More companies than ever are looking to implement flash in their data centers, and Kaminario’s all-flash array offers an unprecedented combination of value and performance. This funding round strongly positions Kaminario to capitalize on its recent progress and grow exponentially in the months and years ahead.”

Kaminario’s growing roster of customers spans across many industries, including an elite institution of higher education, a national food distributor, and a top federal agency in the United States. The company will continue to bolster its portfolio in 2015, planning to expand into five new regions in Europe.

“We believe that all-flash is the future of storage, and we’re committed to developing a comprehensive, top-tier product that supports the broad scope of our customers’ requirements,” says Dani Golan, founder and CEO, Kaminario. “The growth and recognition we’ve experienced in 2014 attests to our dominance in industry innovation, our understanding of customer needs and product roadmap delivery. We’re both humbled and invigorated by how far we’ve come and will continue working to achieve our mission of making flash storage accessible, affordable and beneficial for every enterprise.”

Q4 results cap a year of company milestones and industry recognition, including:

• Released the fifth-generation of K2, a cost-efficient all-flash array with an average price of $2/GB guaranteed capacity and being a scale-up and scale-out solution;
• Raised $68 million in Series E for a total of $143 million in overall funding;
• Named a visionary in Gartner’s 2014 first annual Magic Quadrant for Solid-State Arrays and featured consistently in the top three solutions across six use cases in Gartner’s Critical Capabilities for Solid-State Arrays report;
• Increased headcount by 25% quarter-over-quarter since launching its latest K2 in order to address the influx of new customers, a rate that will continue through 2015;
• Set the pace for product innovation with dozens of submitted patents, and with the addition of always-on, data-at-rest encryption capailities to K2;
• Awarded the Most Innovative Flash Memory Technology” at the Flash Memory Summit;
• And expanded its channel partner network to more than 70 US-based partners.

  Read also:
  Kaminario Secures $53 Million
  Bringing total raised capital to $128 million