PernixData raises $35m in Series C financing

PernixData has raised $35 million in Series C funding. Menlo Ventures led the oversubscribed round, which also included new individual investments from Marc Benioff (chairman and CEO of salesforce.com), Jim Davidson (Co-Founder, Managing Partner and Managing Director at Silver Lake), and Steve Luczo (chairman and CEO of Seagate Technology). Previous investors Kleiner Perkins Caulfield and Byers, Lightspeed Ventures, Lane Bess, Mark Leslie and John Thompson also contributed to the Series C round, which now brings the total investment in the company to $62 million.

  • 10 years ago Posted in

On July 31, 2014 PernixData also closed its first full fiscal year, which had 42 percent quarter-over-quarter revenue growth and revenues that set a record amongst enterprise infrastructure software companies.


“PernixData has experienced an absolutely amazing year with groundbreaking product features, 160 percent growth in world-wide headcount, extensive industry accolades, top tier funding, and revenues that were 50 percent higher than any other enterprise software company during its first year of sales, handily beating the previous record in this space,” said Poojan Kumar, CEO and co-founder of PernixData. “This underscores the enormous demand for our unique decoupled storage architecture. We will use this revenue momentum and the new round of funding to execute on our next phase of product vision and deliver FVP globally to all virtualised data centers.”


“We are witnessing a fundamental shift in storage design where performance is decoupled from capacity using PernixData FVP software and server side flash,” said Steve Luczo, chairman of the board and CEO of Seagate Technology. “This brings unparalleled performance and scalability to virtualised applications, and makes flash technology a strategic component of tomorrow’s software defined data center.”


“The initial journey to virtualisation took many years and resulted in a fundamental shift in data center design and operations,” said John W. Thompson, CEO of Virtual Instruments and chairman of Microsoft. “It is really exciting to see this next phase of acceleration as more companies of all sizes embrace the unique technology of PernixData to improve overall application performance in their software defined data centers.”

Leading the Decoupled Storage Revolution
PernixData is fundamentally changing how storage is designed and operated in virtual data centers. The company’s flagship product, PernixData FVP software, virtualises server flash and RAM to enable scale-out storage performance that is independent of capacity. No changes are required to VMs, servers or primary storage, ensuring maximum performance of all virtualised applications in a seamless, scalable and cost-effective manner.


· Revolutionary Product. PernixData first began shipping FVP software in August of 2013. In a short period of time, the product established itself as the premier platform for storage acceleration with unique features like write acceleration, clustering, and installation within the hypervisor. In April 2014, FVP also became the first acceleration solution to run on both flash and RAM, and to support any file, block or direct attached storage.
Today, FVP is estimated to be accelerating approximately 120,000 virtual workloads worldwide.
 

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