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
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.