Today INFINIDAT announced that in a second round of funding it has an additional $150 million dollars in funding from TPG Growth, the growth equity platform of global investment firm TPG. This brings Infinidat’s total funding up to $230 million giving the company a valuation of $1.2 billion. Terms of the transaction were not disclosed.
INFINIDAT is a fairly new company founded in 2010 by Moshe Yanai, both an EMC Fellow and an IBM Fellow and the inventor of EMC’s Symmetrix platform. INFINIDAT was founded to create solutions for the “most pressing information storage problems facing today’s enterprises.” With data continuing to grow, businesses need to make tradeoffs on how much data they keep active, what type of protection they offer, and the amount of money they spend on storing the data, including solutions, power, and personnel.
INFINIDAT ’s flagship product is the unified storage system, InfiniBox. InfiniBox has some fairly impression claims and specifications. It is ultra-dense with 2PB of capacity in a single 42U rack. It boasts an unprecedented reliability of 99.99999% uptime with a self-healing architecture, comprehensive end-to-end data verification, and high performance double-parity InfiniRAID. The solution provides an unlimited space-efficient snapshot technology, InfiniSnap. InfiniBox supports block, file, and Object storage.