KPCB-PernixData Raises $35M In Series C Financing, Closes First Fiscal Year With Record Revenue
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 21 August 2014
Release date- 20082014 - PernixData Raises $35M In Series C Financing, Closes First Fiscal Year With Record Revenue.
PernixData, the leader in server-side storage intelligence, announced today that the company has raised $35 million in Series C funding. Menlo Ventures led the oversubscribed round, which also included new individual investments from Marc Benioff (chairman and CEO of salesforce.com), Jim Davidson (Co-Founder, Managing Partner and Managing Director at Silver Lake), and Steve Luczo (chairman and CEO of Seagate Technology). Previous investors Kleiner Perkins Caufield and Byers, Lightspeed Ventures, Lane Bess, Mark Leslie and John Thompson also contributed to the Series C round, which now brings the total investment in the company to $62 million.
On July 31, 2014 PernixData also closed its first full fiscal year, which had 42 percent quarter-over-quarter revenue growth and revenues that set a record amongst enterprise infrastructure software companies.
'PernixData has experienced an absolutely amazing year with groundbreaking product features, 160 percent growth in world-wide headcount, extensive industry accolades, top tier funding, and revenues that were 50 percent higher than any other enterprise software company during its first year of sales, handily beating the previous record in this space,' said Poojan Kumar, CEO and co-founder of PernixData. 'This underscores the enormous demand for our unique decoupled storage architecture. We will use this revenue momentum and the new round of funding to execute on our next phase of product vision and deliver FVP globally to all virtualized data centers.'
'We are witnessing a fundamental shift in storage design where performance is decoupled from capacity using PernixData FVP software and server side flash,' said Steve Luczo, chairman of the board and CEO of Seagate Technology. 'This brings unparalleled performance and scalability to virtualized applications, and makes flash technology a strategic component of tomorrow's software defined data center.'
'The initial journey to virtualization took many years and resulted in a fundamental shift in data center design and operations,' said John W. Thompson, CEO of Virtual Instruments and chairman of Microsoft. 'It is really exciting to see this next phase of acceleration as more companies of all sizes embrace the unique technology of PernixData to improve overall application performance in their software defined data centers.'
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