Click here to close now.




















Welcome!

News Feed Item

Elastifile Raises $8 Million From Battery and Lightspeed to Deliver Next-Generation, High-Performance Primary Storage Solution

Serial Entrepreneurs Amir Aharoni, Shahar Frank and Roni Luxenburg Are Behind an Ambitious, Next-Generation Storage Venture

HERZLIYA, ISRAEL -- (Marketwired) -- 01/14/14 -- Elastifile, a company developing new storage technology that dramatically improves the performance and reduces the cost of large data centers and private clouds, announced it has raised $8 million in Series A financing from Battery Ventures and Lightspeed Venture Partners. As part of the investment, Battery General Partner Itzik Parnafes and Lightspeed Partner David Gussarsky will join Elastifile's board.

Elastifile's co-founders are serial entrepreneurs and highly experienced executives. They include CEO Amir Aharoni, previously an executive at Mobixell Networks and Optibase; CTO Shahar Frank, co-founder of XtremIO, a leading flash array storage company which was acquired by EMC in May 2012; and VP of Research and Development Roni Luxenburg, formerly director of software engineering at Red Hat.

Elastifile is redefining storage for the next generation of software-defined data centers and private clouds, which require elastic, high-performance, cost-effective and converged compute and storage services. The company's solution leverages emerging and pervasive data-center technologies such as flash-based storage media and 10GE networks.

"Elastifile's unique, built-from-the-ground-up, flash-dedicated architecture will deliver an elastic scale-out solution, which the new breed of fast-growing data centers and private clouds need -- at an unmatched price-performance ratio," said CEO Aharoni. "And we could not ask for better partners in this venture than Battery and Lightspeed, two firms with extensive experience and track records of success in the fast-growing, enterprise-storage market." Both firms previously invested together in XtremIO.

"Elastifile is solving a big problem," added Battery's Parnafes. "The flexibility, manageability and performance of Elastifile's solution will change the way storage architects manage primary storage in their data centers."

"I am excited to back such a seasoned team with a singular focus and ambitious vision," said Gussarsky, of Lightspeed. "The potential market for this technology is enormous, and we look forward to partnering with Amir, Shahar and Roni to build innovative new products."

About Elastifile

Elastifile develops a new elastic, scale-out, and converged storage solution for next-generation data centers. The company, based in Herzliya, Israel is building a unique, high-performance scale-out solution for virtualized data-centers and private clouds. Elastifile was founded by industry veterans Amir Aharoni, Shahar Frank and Roni Luxenburg, all serial entrepreneurs, and is backed by Battery Ventures and Lightspeed Venture Partners.

About Battery Ventures

Battery invests in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, e-commerce, digital media and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to buyout and invests globally from offices in Boston, Silicon Valley and Israel. To learn more, visit www.battery.com and follow the firm on Twitter @BatteryVentures.

About Lightspeed Venture Partners

Lightspeed Venture Partners is a leading global venture capital firm with over $2 billion under management and teams in Silicon Valley, India, Israel and China with Lightspeed China Partners. Over the past two decades, the Lightspeed team has backed more than 200 consumer, enterprise and cleantech companies, many of which have become leaders in their respective markets, including Nimble Storage, Brocade, DoubleClick, eHealth, Flixster, Fusion-io, Informatica, Kosmix, Nicira, Provigent, Riverbed Technology, Virsa Systems and XtremIO. http://lsvp.com/.

CONTACT:

Rebecca Buckman
Battery Ventures for Elastifile
650-292-2077
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device acce...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...