Western Digital Invests in Flash Storage Startup Kaminario
The $25 million investment brings Kaminario’s total equity raised to $245 million
11:3910.10.18
Western Digital Capital, the strategic investment arm of California-based computer data storage company Western Digital Corp., led a $25 million investment in Israeli flash storage company Kaminario Inc., Kaminario CEO Dani Golan told Calcalist Wednesday.
Kaminario CEO Dani Golan. Photo: PR
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Founded in 2008 by Golan, Kaminario develops and markets all-flash storage arrays for databases, data mining, business intelligence, and web applications. In early 2017, Kaminario completed a $75 million funding round from investors including Sequoia Capital and Israel-based Pitango Venture Capital. To date, the company raised a total of $245 million, according to Pitchbook data.
Kaminario CEO Dani Golan. Photo: PR In a Tuesday statement, Kaminario reported that during the third quarter of 2018, it managed to reach positive cash flow for the first time. Kaminario also reported a 55% growth in its software business during the first nine months of 2018, compared with the same period in 2017.
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Headquartered in Needham, Massachusetts, the company has additional offices in Israel, New York, and Silicon Valley. It employs around 300 people according to LinkedIn data.
