Infinidat worth $1.6B after Goldman investment of $95M

Data storage company Infinidat Inc. has raised $95 million from a growth equity wing of Goldman Sachs, indicating that the 6-year-old company continues to find traction in a market where others have stumbled recently.

The company turned profitable during the past year, according to chief marketing officer Randy Arseneau. Arseneau didn’t share revenue numbers, but the company says it grew 250 percent from second-quarter 2016 to second-quarter 2017.

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