Infinidat raises $95 million in its campaign to reinvent disk storage

You might think a storage company that’s placing big bets on spinning disks would be roadkill in the race to flash storage, but Infinidat Inc. has done a good job of defying conventional wisdom since it was founded six years ago.

Today, the company is announcing $95 million of new investment in a Series C round that values it at $1.6 billion, up from $1.2 billion at the time of its last funding round in April 2015. Infinidat has now raised a total of $325 million.

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