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All Financial Rounds of Funding of Storage Start-Ups Since 2003

Total of 1,245, but less and less, 93 in 2013, only 28 in 2021

We have collected all financial rounds of funding raised since 2003 when known.

But there was several others before that, the first one apparenty being raised by Memorex, born in 1961 and, at this time, in tape and HDD IBM compatible subsystems and later, in 1965, being public through probably the first IPO in the storage industry, and then acquired by Burroughs in 1982.

1,245 rounds were recorded from 2003 to 2022 with a record of 93 in 2013 and then generally decreasing with only 28 in 2021. For 2022, the figure is 8 up to know.

≠ of financial rounds since 2003

Start Up F1 F1
(Source: StorageNewsletter.com)

The average amount per round was $22 million for these 1,245 financial fundings for a total of $27,524 million.

Average amount per round since 2003
Start Up F2

(Source: StorageNewsletter.com)

Total amount of financial rounds per year

Start Up F3
(Source: StorageNewsletter.com)

Note that we also record the total investment when it was announced but, for some start-ups, we got only the figure for one or more rounds.

The global amount is here $36,816 million for 616 companies or an average of $59.8 million. The record here is $1,700 million by Dropbox in front of Cloudera with $1,041 million.

Historical records in total financial funding in $ million
(more than $300 million)
Dropbox 1,700
Cloudera 1,041
Cohesity 660
Kaseya 567.4
Box 554.5
Pillar Data 544
Rubrik 553
Pure Storage 531
Ownbackup 507.3
Veeam 500
DigitalOcean 491.3
Druva 475
Dremio 421.5
Acronis 408
Nutanix 370.3
Actifio 352.5
Qumulo 351
Infinidat 325
Actifio 308
(Source: StorageNewsletter.com)

Largest financial rounds in 2021 in $ million
(at more than $100 million)
Ownbackup 407.5
N-able 255
Acronis 250
Liqid 179
Wasabi 174.5
Druva 147
Dremio 135
(Source: StorageNewsletter.com)

Largest financial rounds in 2022 in $ million
(at more than $100 million)
Dremio 160
Minio 103
(Source: StorageNewsletter.com)

Financial rounds in 2021

Companies Year founded 2021 funding* Total funding* Business
Acronis (Schafthausen, Switzerland) 2003 250 408 backup software with cyber protection
Alluxio (San Mateo, CA) 2015 50 73 memory-centric distributed storage system; formerly Tachyon Nexus
Catalog (Boston, MA) 2016 35 54.3 DNA-based platform for massive digital data storage
Dremio (Santa Clara, CA) 2015 135 421.5 data lake storage cloud software
Druva Software (Sunnyvale, CA) 2007 147 475 continuous data availability and de-dupe backup software for laptops; investment of NTT in 2016; originally in Pune, India
Filebase (Greater Boston Area, MA) 2019 2 2 object storage platform powered by decentralized storage networks
HYCU (Boston, MA) 2018 87.5   backup-as-a-service; also known as¬† Comtrade Software
Internxt (Valencia, Spain) 2017 1 2 decentralized cloud storage service for files, apps, and websites
Intrinsic Semiconductor Technologies (London, UK) 2017 1.4 1.4 Memristive RRAM devices, UCL spinout company
Iridia (Carlsbad, CA) 2016 30 40.1 DNA-based storage solution; formerly Dodo Omnidata; $20 million and $6 million in 2021
Kyligence (Shangai, China) 2016 70 118 cloud providing intelligent analytics performance layer that sits between data sources and BI tools
Liqid (Lafayette, CO) 2013 179 228.2 on-demand composable infrastructure; $79 and $100 million in 2021
LucidLink (San Francisco, CA) 2016 12 19.6 cloud backed distributed file service
LyteLoop (NYC, NY) 2015 40   method to utilize power of ultra-high bandwidth lasers to store massive amounts of data in space
Molecular Assemblies (San Diego, CA) 2013 24   practical method of synthesizing DNA
N-able (Ottawa, Canada) 2000 255 255 cloud-based software solutions for managed service providers, formerly SolarWinds MSP, acquired by SolarWinds in 2013, IPO in July 2021
Nyriad (San Jose, CA) 2014 28 58.1 storage solutions for big data and HPC, also in New Zealand
OpenDrives (Culver City, CA) 2011 20 31 all-flash and hybrid NAS for media workflows, series B in 2018
OwnBackup (Englewood Cliffs, NJ) 2015 407.5 507.3 backup and restore ISV on the Salesforce.com AppExchange; also in Israel; two rounds in 2021: $167.5 million and $240 million
Rewind (Ottawa, ONT) 2015 80 80 online backup service that protects cloud data, $15 million and $65 million in 2021
Robin.IO (San Jose, CA) 2015 38 86 cloud native Kubernetes storage
Scality (San Francisco, CA) 2010 20 172 massively scalable storage platform; spin-off from Bizanga; R&D in Paris; formerly BizangaStore; investment of HPE in 2016, probably around $10 million; born in Paris, France
Silk (Needham, MA) 2008 55 239.5 database supercharger, from AFA to storage-as-a-service vendor; R&D in Israel; round C in 2011; strategic investment from Western Digital Capital in 2018; formerly Kaminario
SkyKick (Seattle, WA) 2011 130 200.5 SaaS cloud automation and management products for Microsoft information technology service providers
StorageOS (London, UK) 2015 10 20 low entry point, full enterprise functionality storage array integrated with VMWare, Docker, AWS, and Google Cloud
Tsecond (San Jose, CA) 2020 4.6 4.6 technologies that reimagine how enterprises and organizations activate big data to drive insights and innovation, Bryck Portable Media Device to capture, process, move and store data from anywhere
VAST Data (New York City NY) 2016 83 263 Universal Storage Architecture with flash memory to bring end to enterprise HDD and storage tiering area; also in Tel Aviv, Israel
Wasabi Technologies (Boston, MA) 2015 174.5 286.2 cloud-based object storage as a service; formerly BlueArchive,successor of Storiant in software for cold storage (?); 2 rounds in 2017: $8.5 and $10.8 million; investment from NTT DOCOMO Ventures in 2019; 27.5 and 112 million and then $25 million in 2021

 *in $ million
(Source: StorageNewsletter.com)

Financial rounds in 2022

 
Companies Born in 2022 funding Total funding Business
Aleph.im (Paris, France) 2019 10 10 cross-blockchain decentralized storage and computing network
Dremio (Santa Clara, CA) 2015 160 421.5 data lake storage cloud software
GRAID Technology (Santa Clara, CA) 2020 15 18 NVMe and NVMeoF RAID card
Minio (Palo Alto, CA) 2014 103 123.3 multi-cloud object storage suite
Pavilion Data Systems (San Jose, CA) 2014 45 107 processor agnostic storage in PCIe-based shared storage environment; data analytics acceleration platform
PlIO/s (Ramat Gan, Israel) 2017 65 115 NAND storage processor; investment from State Of Mind Ventures
Virtana (San Jose, CA) 2008 73 158 virtual infrastructure optimization solutions; spin-out from Finisar; merged with Load Dynamix in 2016 with new $20 million investment; formerly Virtual Instruments
WekaIO (San Jose, CA) 2014 73 158.9 SDS scales storage to hundreds of petabytes, tens of millions of IO/s, sub milliseconds latency; also engineering in Tel Aviv, Israel

* in $ million
(Source: StorageNewsletter.com)

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