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TPG and Goldman Sachs Lead Infinidat New Funding Round

For unknown amount, to increase total funding at $325 million since 2017

Infinidat Ltd. secured an additional investment round from its existing investors – TPG Growth, Goldman Sachs Private Capital Investing, Claridge Investment Ltd., Ion Investors and Moshe Yanai, founder of Infinidat – reinforcing its investors’ commitment to the company.

The company also announced enhancements to its leadership team with the appointment of Boaz Chalamish, as its executive chairman.

The funding will be used to build on new initiatives, such as the increasing demand for flexible consumption models in the market, strengthening growth plans and enabling it to build further on its position. It will also be used for technical research and product development.

There is a growing urgency for enterprise IT organisations, and MSPs, to remain competitive by exceeding service levels, whilst efficiently managing costs and complexities within storage environments,” said Tim Millikin, partner, TPG Growth. “We are proud to continue our partnership with Infinidat and welcome Boaz to the leadership team. With the addition of his deep sector experience and the completion of a strong funding round, Infinidat is poised to meet the rapidly changing needs of their customer base and position themselves as the go-to provider of agile storage technologies.”

The Infinidat team, spanning storage industry experience and previous product successes, has developed a better, faster way to store and protect multiple petabytes of data, with the highest possible availability, at low cost.

The continued confidence and commitment our investor community shows for our vision, strategy and ongoing ability to execute is a testament to our team’s work in building world-class, robust storage solutions,” said Infinidat co-CEOs, Kariel Sandler and Nir Simon. “We are excited to work with Boaz to execute our customer-oriented strategy providing advanced customer support and delivering future-proofed data management systems. We want to ensure end-users have the best customer experience, maintain top level system performance, whilst guaranteeing the highest levels of system availability in an increasingly data focused economy.” 

The company’s storage solutions are designed to manage demanding workloads and the customer endorsements of its technical capabilities are extensive. The company has shipped over 6EB worldwide with 1EB shipped in the last six months. It was named a leader in the 2019 Gartner Magic Quadrant for Primary Storage and continues to generate positive ratings and reviews on Gartner Peer Insights.

In January 2020, Infinidat was recognised as Gartner Peer Insights Customers’ Choice for Primary Storage and was previously named a Gartner Peer Insights Customers’ Choice for General-Purpose Disk Arrays vendor in February 2019.

Capitalising on the company’s momentum, the firm recently bolstered its management team with the addition of Chalamish, an industry veteran who joined Infinidat on June, 8 as executive chairman.

Today, customers are increasingly demanding cost-effective agile storage solutions with a no-compromise approach on performance, reliability and scalability,” he said. “I’m especially excited to embark on this new journey with Infinidat, as I believe they can address these end-user demands in the most innovative way in the industry. I look forward to supporting the company in its next phase of sustained profitable growth.” 

ChalamishBoaz Chalamish has over 30 years of extensive experience in senior positions, notably VMware, Hewlett-Packard, Mercury and most recently, he was CEO at Clarizen. He has led large-scale enterprises with continued year-on-year growth as well as fostering new revenue streams. 

 

Infinidat has also announced a series of promotions within its executive management team:
VlaeminckCatherine Vlaeminck VP WW marketing;

 

 

ShprungDan Shprung EVP, EMEA and APJ; and

 

 

SullivanSteve Sullivan EVP, Americas.

 

 
 
Read also:
Infinidat Raises $95 Million Series C, Total Funding at $325 Million
$1.6 billion valuation for profitable company
October 4, 2017 | Press Release

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