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Elastifile Closed $16 Million Funding Round Led by WD

Total backing over $65 million
This is a Press Release edited by StorageNewsletter.com on 2017.09.08

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Elastifile, Inc., the enterprise hybrid cloud data management company, closed a $16 million funding round, led by Western Digital Capital, the strategic investment fund of Western Digital Corp. 

With this investment from a group of existing and new investors, the total backing raised is over $65 million.

Elastifile's cross-cloud data fabric offering is growing quickly with over 40 customers.

Western Digital Capital initiated the round along with new investor CE Ventures, and existing investors, including Lightspeed Venture Partners, Battery Ventures, Dell Technologies Capital and Cisco Investments.

"As an investment in our vision, people, technology, and business growth, this is a declaration of confidence in Elastifile's ability to make a difference for the future of enterprise IT," said Amir Aharoni, CEO and co-founder, Elastifile. "With nearly 100 employees in the US, Israel, and Europe, we are working relentlessly to help enterprises and their users free their data and enable their true hybrid cloud with our cross-cloud data fabric."

"Elastifile has developed a cloud-scale distributed file system designed to free data locked inside storage silos so all users and workflows can access it instantly from anywhere," said Mark Long, president, Western Digital Capital. "The company is addressing an important and growing challenge associated with traditional storage architectures. We strongly support their efforts and are pleased to expand our ongoing strategic relationship."

"Dell Technologies is pleased to extend its investment in Elastifile's unique vision and technology for the cross-cloud data fabric," said Yair Snir, VP and MD, Dell Technologies Capital. "Elastifile is solving the data bottleneck for true enterprise hybrid cloud use cases."

With Elastifile, businesses are empowered by data rather than limited by it. Users can run existing and new applications on, elastic infrastructures in public IaaS, on-prem, and service providers. For active data use cases, the flash-native Elastifile Cloud File System delivers linear scale-out NAS performance with no-compromise enterprise data services and HA, enabling the demanding workflows on stateful containers, bare metal, and VMs.  For inactive data use cases like DR and data protection, Elastifile's CloudConnect is integrated to deliver efficient data transfer and cloud tiering, with granular check in and out of files to low-cost object storage. Together, the firm facilitates seamless aggregation of multi-site data into true hybrid cloud workflows, enabling powerful cloud-bursting, analytics, and more.

Read also:
Start-Up Profile: Elastifile
In software-defined data infrastructure for on-premises, in-cloud and hybrid cloud deployments
by Jean Jacques Maleval | 2017.04.12 | News

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