History 2005: Financial Funding of Several Storage Start-Ups

• Scentric, whose  name is an abbreviation of “Storage” and “Centric”, is a new software start-up co-founded by Sanjay Sahgal, the one-time  co-founder and COO of iVivity. The Duluth, GA-based company has raised $5.6 million in venture  capital. Its CTO is Hemant Kutande, co-founder of Storability Software. Note also the presence of director of marketing Nik Simpson, who spent several years as product marketing manager for DataCore Software. $centric is in stealth  mode. “Our goal is to deliver a new gen of software products designed to solve some of the most pressing problems facing IT administrators,” proclaimed a company release.
• Born in 2004, start-up Illuminator has secured $5 million for its 1st financial round. Based in San Mateo, CA, with an R&D team in RamatGan, Israel it will be publishing an application recovery software. Its founders are veteran storage experts who developed Legato’s NetWorker. 
• Intelligent storage switch maker Maxxan  Systems has secured $29 million in its latest funding round, bringing its total investment to $113 million since its  inception in 2000. 
• Archivas, in software for fixed-content data, is at $16 million with its new second round of $10 million in funding. 
• Mempile, which is working on single-disk 3D optical technology with 1TB capacity, raised $11.6 million in its 2nd investment campaign after a 1st round of $5.5 million. 
• Anthology Solutions, formerly SOS  Systems, created in Korea and established in San Jose, CA, in 2002, has received $5 million for its 1st financial round of funding. The company offers SMBs a network storage solution based on its own  ASIC. 

This article is an abstract of news published on issue 205 on January 2005 from the former paper version of Computer Data  Storage Newsletter.