Considering the founder’s experience and past record exiting, this positions Infinidat in a good place for a future exit by an industry player like IBM or EMC
Geektime has learned that Israeli startup storage solution company Infinidat has raised $150 million in a round led by private VC firm TPG Growth and with participation from Israeli angel investor Zohar Gilon. Founded in 2011 by sector leader Moshe Yanai, who helped manage the development of EMC’s Symmetrix storage array line and launched IBM-acquired startup XIV, Infinidat develops cost efficient, high powered storage solutions for businesses. On Wednesday, they also announced their new InfiniBox storage system, which CTO Brian Carmody told CRN is the first to “offer unified block, file, object and mainframe storage.”
This recent round brings the four-year-old company’s total funding raised to $230 million. The company is now valued at $1.2 billion post investment. Most of the company’s previous funding came largely from its founder, Moshe Yanai.
A round to be excited about?
Though the storage solution market is only expected to grow 15% from now until 2019, few players in this space can provide reliable hardware. Considering Yanai’s experience and past record exiting, this positions Infinidat in a good place for a future exit by an industry player like IBM or EMC. The big question is whether they will be able to exit for more than Anobit, an Israeli storage solution startup that was acquired by Apple in 2013 for $390 million.