Media Mentions

INFINIDAT , an Israeli company founded by the engineering team behind EMC’s Symmetrix and IBM’s XIV, started shipping product in 2013. With over 100 PB shipped to multiple Fortune 100 companies, the company feels it is ready to expand its sales and marketing footprint to take on the behemoths of the storage industry such as EMC, HDS and NetApp. The $150m from TPG, a large capital management group, brings INFINIDAT’s total funding to $230m. The original $80m came from the founder’s, who’ve been quite successful with their earlier ventures. Why a new high-end array vendor in an industry battered by cloud storage, flash arrays, and scale out object storage? INFINIDAT offers up to 2 PB of usable capacity – without dedup or compression – in a single 42u rack, guaranteed 99.99999 percent availability – less than three seconds of downtime year – all software included in the base price, with three years of 24 seven on-site service. All for $1 per usable GB.

Search for information about INFINIDAT , the latest data storage company founded by industry legend Moshe Yanai, and you’ll come up with surprisingly little. At least, you would until today. That’s likely to change after INFINIDAT announced Wednesday it has raised $150 million in a Series B round led by TPG Growth, the venture capital fund of the private equity firm TPG. The round values INFINIDAT at $1.2 billion post-investment, and it brings the total raised by the company to $230 million. INFINIDAT , a five-year-old Israel-based startup with its U.S. headquarters in Needham, MA, makes data storage arrays that combine flash storage with conventional hard disk drives. The company says the system, which it calls the Infinibox, has room for 2 petabytes of data and throughput speeds of up to 12 gigabytes per second. INFINIDAT is targeting enterprise customers, such as firms in healthcare and financial services, managed service providers, and cloud vendors that run an increasing number of apps in the cloud and have massive data storage needs.