Series A Funding Accelerates Disruption of $100B+ Datacenter Market & Enables Hybrid Cloud Startup to Meet Explosive Demand
RESTON, VA – JUNE 14, 2016 – Cloudistics, a superconverged enterprise cloud platform, today announced that it has closed $15 million in Series A funding led by Bain Capital Ventures. Cloudistics’ groundbreaking infrastructure technology, which addresses the deployment and management challenges faced by today’s IT departments as they wrestle with hyperconvergence as well as public and private cloud, holds the potential to radically revolutionize the datacenter. Series A funding will be used to invest in sales, customer support, marketing, and R&D, and will enable the Company to accelerate its vision of making superconverged infrastructures ubiquitous in enterprise datacenters.
“The superconvergence of network, storage, compute, virtualization, and management in the enterprise datacenter is a $100 billion business opportunity in infrastructure technology today with Cloudistics squarely in the epicenter of this third wave of datacenter innovation,” said Najaf Husain, co-founder and CEO of Cloudistics. “Our platform is completely self-contained and businesses can deploy applications and native containers within minutes. Bain Capital Ventures has a very successful track record in the infrastructure software space and we are honored to welcome them as our partner to drive the long-term success of our company.”
Cloudistics is the first true software-defined everything cloud infrastructure that integrates network, storage, compute, virtualization, and management within a single platform. Its unique decoupled scaling architecture enables customers to add compute, storage, and network capacity independently—the cloud consumption model—which delivers as much as a 90% cost savings over the public cloud. Built-in virtual network micro-segmentation capabilities secure applications and containers from outside threats. Application performance is improved 5x over many hyperconverged infrastructures with its line-speed virtual networks and elastic block storage technologies.
Ben Nye, managing director at Bain Capital Ventures, who will join Cloudistics Board of Directors, added, “Cloudistics superconverges all resources on which applications depend including network, storage, compute and virtualization into a unified appliance that is managed from the cloud. As customers look to revamp their data center infrastructures, Cloudistics offers the simplest, most secure and lowest cost private cloud infrastructure on the market.”
“As operating costs continue to increase, companies are investing in technologies that reduce overall spend and allow them to focus on driving business outcomes rather than managing infrastructures,” said Tim Stammers, Director, 451 Group. “Customers seek an infrastructure model with the simplicity, elasticity, and consumption characteristics of the public cloud with the predictable performance, predictable costing, and data governance of the private cloud. Cloudistics delivers this model to its customers.”
“Cloudistics has integrated some of the best of what Dell has to offer, including our FX converged platform systems and networking switches, and developed an innovative solution that meets the rapidly changing needs of customers in the superconverged market,” said Joyce Mullen, vice president and general manager, Global OEM Solutions, Dell. “Cloudistics is an example of a forward-thinking company leveraging Dell OEM Solutions to deliver next generation technology for the modern datacenter.”
To meet accelerating market demand, Cloudistics is building a broad distribution channel and established promising go-to-market partnerships to raise awareness and increase accessibility of the technology.
Cloudistics delivers superconverged cloud infrastructure to medium and large enterprises with its software-defined application cloud platform, natively converging network, storage, compute, virtualization, and management into a single solution to drive unprecedented simplicity in the datacenter. Customers can start with a base infrastructure and scale to multi-site and multi-geo infrastructures with predictable economics and performance. With proprietary secure virtual networking, elastic storage, and SaaS management, Cloudistics is the blueprint for application-optimized hybrid cloud infrastructures. Learn more at cloudistics.com
About Bain Capital Ventures
Bain Capital Ventures (BCV) partners with disruptive B2B founders to accelerate their ideas to market. The firm invests from seed to growth in enterprise software, infrastructure software and industries being transformed by data. BCV has helped to launch and commercialize more than 200 companies since 1984 including select prior investments in DocuSign, Kiva Systems, LinkedIn, Rapid7, SurveyMonkey and TellApart. BCV has approximately $3 billion of assets under management and offices in the Bay Area, New York City and Boston. Follow BCV at @BainCapVC or visit www.baincapitalventures.com
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Leigh Anne Varney
Varney Business Communication