Datrium, a start-up based in Sunnyvale, California, secured $55 million in Series C funding for its Open Convergence platform for cloud builders.
Datrium said its converges storage and compute in a radical new way, modeled on public cloud IaaS services instead of traditional 3-tier infrastructure or hyperconvergence.
The new funding round was led by New Enterprise Associates (NEA), with return investment by Lightspeed Venture Partners, as well as funding from a third, outside investor. This bring total funding at Datrium to more than $110 million.
The company cited rapid growth for its Datrium DVX platform, which was introduced in Q1. Some milestones:
- Customer Adoption: More than 50 companies in banking, cloud hosting, health care, public sector, manufacturing, media & entertainment and technology leaders have deployed Datrium in two full quarters of availability.
- NVMe Adoption: NVMe-based DVX systems have been deployed by multiple customers since Q1 2016.
- Pace of Innovation: Three major releases in seven months. In addition to Datrium DVX General Availability in January, Datrium has released Insane Mode in May, an on-demand VM acceleration utility that doubles performance with the touch of a button, as well as Performance Density in August, which doubled per-server flash to 100 terabytes for both SATA/SAS and PCIe/NVMe flash.
- Go-to-Market Growth: Authorized go-to-market partners has soared to 80 companies in North America and Asia today and growing.