Amplidata Closes $8M Funding Round
Amplidata, which makes high-performance object storage technology, announced today that it has completed an $8 million round of funding from investors Big Bang Ventures, Endeavour Vision, Intel Capital and Swisscom.
In 2008, Amplidata launched its product titled AmpliStor, an optimized object storage solution for “big data” applications. Big data, which ranges from a few dozen terabytes to many petabytes in a single data set, involves unstructured data whose size is beyond the ability of commonly used software tools to capture, manage and process within a reasonable time frame.
Amplidata enables customers to deploy petabyte-scale storage infrastructures that meet the highest availability and performance requirements.
“During 2011, Amplidata gained significant traction with digital media deployments and reference projects such as Montreux Jazz live video archive,” said Dominique Pitteloud, partner at Endeavour Vision in Geneva. “The additional funding will support further development of the sales and support organization in the U.S., Europe and Asia.”
“The demand for more efficient storage products has grown rapidly as data capacities have increased exponentially, placing data center budgets under pressure. With AmpliStor, customers benefit from the system’s scalability and performance while reducing the cost of storing data,” said Wim De Wispelaere, CEO of Amplidata.
Today’s announcement was the completion of a Series C round of funding totaling $8 million. Amplidata is a privately funded company that has received previous investments from Endeavour Vision, Big Bang Ventures, Swisscom Ventures and Intel Capital. Its operational headquarters are in Lochristi, Belgium, and the U.S. headquarters are in Redwood City.