Burlywood Completing $10.6 Million Series A Funding Round

Burlywood, Inc., in flash-based storage for cloud data centers, completed its Series A funding with proceeds totaling $10.6 million.

The money raised will drive strategic-growth initiatives, accelerate go-to-market activities and support the progression of its TrueFlash storage software solution towards mass production.

The Series A funding round was led by Michael Jones and John Scarano with participation from Acadia Woods Partners.

Jones is an investor, strategic advisor, and entrepreneur who founded (i) Structure which was purchased by Infocrossing and subsequently WIPRO. He was also previously the CIO of Level 3 Communications and Corporate Express.

Scarano is the co-founder and former COO of Zayo, the former vice chairman of euNetworks, and was responsible for deployment of Level 3’s original network; he is a current adjunct professor in CU’s graduate engineering school and a serial investor in scale-up businesses in several industries.

Acadia Woods Partners is a New York-based investment partnership that focuses primarily on early-stage technology companies. Burlywood’s initial start-up and launch financing was funded primarily by angel investors.

“Burlywood closed a $10 million Series A funding round almost exclusively fromindividuals, with the vast majority coming from industry insiders,” said Jones. “Raising this amount of capital from individuals is quite an accomplishment and is a testament to Burlywood’s approach to re-inventing flash and accelerating business transition to the all-flash data center. I’m confident Burlywood’s TrueFlash technology is going to be disruptive to the storage industry by improving the ROI of flash adoption. They will do this by delivering meaningful cost reduction, increased performance and application-specific functionality.“

Led by a team with decades of storage controller experience, Burlywood has built an architecture that allows for innovation and flexible integration of customer requirements. With the introduction of TrueFlash, the start-up is providing a modular flash storage architecture that accelerates time to market of new flash technology while delivering cost and performance benefits to customers deploying cloud storage solutions, AFAs, and hyperconverged solutions.

“When it is time to search out funding opportunities, I think something more important than simply finding a source of available cash is finding people that you can truly partner with to help bring your company to the forefront of your respective industry,” said Tod Earhart, CEO, Burlywood. “Our investor base includes many experienced veterans in major technology segments including storage, data centers, and large scale network infrastructure who are very excited about our disruptive approach to storage architecture and delivery. We are excited to have investors that understand our opportunity and can help position us for large scale success.”

Read also:
Start-Up Burlywood Exits Stealth Mode
Designs modular controller architecture that accelerates time-to-market of new flash adoption.
By Jean Jacques Maleval on 2017.09.05