Infinidat Closes $95 Million
IT storage startup Infinidat completed $95 million in Series C financing. The round was led by Goldman Sachs, with participation from TPG Capital.
Infinidat was founded in 2011 by a team of storage industry experts. It is focused on helping customers eliminate compromises among cost, capacity, functionality and performance when it comes to storage, enabling greater focus on what makes organizations competitive. The company has brought to market InfiniBox, a Flash-optimized storage platform that outperforms all-Flash arrays in real world workloads, is simple to use, and provides 99.99999% data availability.
In its announcement, the company said the fundraising will be deployed to accelerate Infinidat’s innovations, reach more customers, and move faster.