Israeli society Infinidat, specializing in data storage solutions, has completed a funding round of $ 95 million led by Goldman Sachs. TPG Growth also participated in the transaction. This brought to 325 million dollars the total amount raised by the company since its creation.
Founded in 2011 by Moshe Yanai, Infinidat develops data storage solutions that allow data to be stored and analyzed in order to gain a competitive advantage. Marketed since 2014, the company’s flagship product, InfiniBox, is aimed at telecom operators, banks and cloud service providers to enable them to consolidate their existing IT systems. Each InfiniBox system is capable of handling more than 5 petabytes of data, the equivalent of 5 million gigabytes.
In the storage solutions market, Infinidat has to deal with major players who favor the cloud to store and protect business data. In this segment of activity, we find in particular Dropbox, Google Drive and Salesforce.
The objectives of the Start-up
This funding should enable Infinidat to continue developing its data storage solutions. “We look forward to deploying the capital from this fundraiser to accelerate our innovations, reach more customers, move faster and continue to serve our community of loyal customers.», Said Izhar Sharon, president of Infinidat.
Infinidat: the key data
Founder: Moshe yanai
The head office : Herzliya (Israel)
Activity: data storage solutions
Funding: $ 95 million in October 2017