Iguaz.io, a start-up based in Israel, announced $15 million in Series A funding for its data management and storage solutions for Big Data, IoT and cloud applications.
The funding round was led by Magma Venture Partners, the funding includes additional investments from JVP and large strategic investors.
The iguaz.io founding team is comprised of a group of former executives from successful technology companies in the fields of storage, cloud computing, high-speed networking, analytics and cyber-security. These companies include XtremIO (acquired by EMC), XIV (acquired by IBM), Mellanox, Voltaire and Radvision (acquired by Avaya).
“Enterprise customers have been sharing their pain points and challenges with us as they try to adopt Big Data and predictive analytics in their business,” said Asaf Somekh, co-founder and CEO of iguaz.io. “We designed our solution from the ground up to address these challenges and allow our customers to focus on their applications and business.”
“The IT industry is undergoing major shifts with the spread of cloud technologies on the one hand and new data consumption requirements on the other,” said Yaron Haviv, co-founder and CTO of iguaz.io. “We’re leveraging state-of-the-art hardware with our novel software architecture enabling customers to take a leap forward in their data-driven businesses.”
