Caminario Secures $75 Million Investment to Expand into Global Market
Published2017.01.12 14:29Caminario announced that it has secured $75 million (89.55 billion KRW) in a new financing round.
Including this round, Caminario has received a total of $218 million (approximately 260.4 billion KRW) in investment to date. This investment was led by the Waterwood Group. The new funds will be used to accelerate Go to Market Initiatives and for technology research and development.
Dani Golan, CEO of Kaminario, stated, “The role of data centers is changing as the pace of enterprise digital transformation and cloud adoption accelerates. Amidst these changes, Kaminario is perfectly positioned to deliver agile solutions for on-demand applications to our customers. With this investment, Kaminario is now able to drive innovation initiatives to better serve our customers while expanding into global markets.”
▲ Kaminario K2 All Flash Array
According to IDC, the all-flash array market is expected to maintain a high compound annual growth rate (GAGR) of 21.4% over the five years leading up to 2020.
Steve Duplessie, an ESG founder and market analyst, stated, “Many companies are shifting their application purchasing methods from on-premises to cloud-based SaaS. “Amid these changes, Software-as-a-Service (SaaS) providers are facing expansion demands that are disrupting the traditional infrastructure paradigm,” he said. “Slow data input/output (I/O) speeds are fatal for SaaS providers because they must pour funds into securing additional resources to improve speed. Kaminario has established itself in the market as a company capable of handling excessive I/O processing demands without unnecessary investment.”
Kaminario's solution is built for Flash and adopts a software-defined architecture. It empowers on-demand applications to function properly, transforms simple data into useful information, and supports SaaS business growth.
Focusing investment on overseas market expansion, strengthening the partner ecosystem, and technological innovation
Kaminario stated that it is focusing on developing storage solutions closer to the application layer, and to this end, plans to drive tighter integration between database platforms, virtualization solutions, hypervisors, new application development paradigms, and storage.
In addition, they added that they plan to expand their market into Western Europe, Eastern Europe, Asia-Pacific, and the Middle East by utilizing the ACCELERATE channel partner program.
Kaminario's software-defined architecture enables customers to adopt the latest hardware technologies faster without replacing equipment. With this investment, Kaminario plans to accelerate the execution of innovation projects related to emerging hardware technologies such as NVMe and NVMe fabric.
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