Amplidata Secures $11 Million, Quantum Once More Participating

Amplidata NV has closed a venture funding round of $11 million to support and accelerate the momentum for its patented AmpliStor solution that enables customers to manage, secure, and unleash the value in the massive amounts of data they generate.

This round brings the total invested capital to $33 million. Intel Capital led the round with participation from all existing investors, including Endeavor Vision, Hummingbird Ventures, Quantum Corp., and Swisscom Ventures.

Amplidata will use the funding to drive the next phase of growth by expanding its sales and marketing initiatives and investments in its R&D team to further advance true cloud-scale storage economics.

The number of customers has grown across enterprises and private and public clouds deploying application services for cloud storage. Customers include leaders in telecommunications, cloud services, life sciences, media and entertainment, security and surveillance and R&D.

"There is robust demand for storage solutions that offer true cloud-scale economics that allow customers to unlock the value of their massive volume of data", said Mike Wall, chairman and CEO, Amplidata. "Traditional RAID-based systems are no longer viable in today's petabyte and beyond scale. Customers have recognized AmpliStor's ability to be dynamically scaled and reconfigured across multiple sites while providing leadership performance, data durability and operating efficiency."

Commenting on the investment, Ian Cooper, investment director, Intel Capital, said: "With no end in sight to the massive growth of data and the ever increasing value of that data, organizations need a cost effective way to manage and scale their storage solutions. Amplidata is well positioned to take advantage of the growing demand for object-based storage running on commercial-off-the-shelf hardware."

"From the world's largest content owners to smaller businesses seeking competitive advantage, our customers rely on Quantum to help them maximize the value of their digital assets," said Jon Gacek, president and CEO, Quantum. "One way we do so is with our Lattus Object Storage offerings, which incorporate best-of-breed Amplidata technology and can be integrated with our other scale-out storage, archive and data protection solutions to provide unmatched user benefits."

Author: Anonymous

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