SYS-CON MEDIA Authors: Zakia Bouachraoui, Liz McMillan, Carmen Gonzalez, Roger Strukhoff, David Linthicum

News Feed Item

WekaIO Raises $31.7 Million in Series C Funding

WekaIO, the innovation leader in high-performance, scalable file storage for data-intensive applications, today announced it has closed $31.7 million in a Series C funding round fueled by existing investors and new strategic investors from the storage industry, including Hewlett Packard Enterprise (HPE), Mellanox Technologies, NVIDIA, Seagate, and Western Digital Capital, the strategic investment fund of Western Digital Corp. (WDC), alongside Qualcomm which invested previously. The new funding brings the company’s total capital raised to $66.7 million.

WekaIO plans to use the investment primarily to support the continued acceleration of its market trajectory and international business expansion through increased investments in engineering, sales, and marketing, giving WekaIO Matrix™ clear market advantage in addressing data intensive applications at scale in key verticals including artificial intelligence (AI), machine learning (ML), life sciences, finance and engineering.

Matrix, the world’s fastest file system and WekaIO’s flagship product, is widely used by customers with I/O intensive workloads commonly found in AI, ML, high velocity analytics, and high-performance computing (HPC). WekaIO delivers its patented software on pre-engineered solutions with HPE, Supermicro, and Western Digital or it can be installed on any industry-standard Intel x86-based server or used on the AWS Cloud to deliver enterprise grade HPC at cloud-scale economics. The company’s capacity-based pricing model allows customers to start small and scale as their needs grow. Matrix tightly integrates object storage for best economics at scale and supports features such as snapshots, cloud backup and disaster recovery, alongside multiprotocol support including NFS and SMB. The NVMe-optimized and POSIX-compliant file system delivers the industry’s leading performance and the lowest latency, as measured by independent SPEC SFS 2014 benchmark testing and VI4IO’s 10 Node Challenge list.

“This latest round of financing sets the stage for substantial growth and allows us to continue our mission to deliver an enterprise grade HPC storage solution at cloud scale economics,” says Liran Zvibel, CEO and co-founder of WekaIO. “Modern workloads need a modern file system and legacy solutions just can’t keep pace. In under two years since our launch from stealth, we’ve been lauded with industry awards and accolades, been validated in production environments with leading enterprise organizations, and broken records on industry leading benchmark tests beating out some of the world’s largest supercomputers. This additional capital will allow us to increase our presence worldwide and continue to innovate in order to exceed the evolving needs of our customers.”

“We are seeing an explosion of artificial intelligence, machine and deep learning along with high-performance computing in the enterprise market,” said Paul Glaser, Head of Pathfinder, HPE. “By combining HPE’s industry-leading server architecture with WekaIO’s performance-leading software in an integrated, tested and validated package, we can deliver best of breed solutions to our customers. This is a great example of HPE’s Pathfinder program that seeks to partner with emerging companies that are strategically aligned with HPE to drive innovative customer solutions and benefits.”

“We have been demonstrating performance improvements for mutual customers with WekaIO since they launched from stealth in 2017. The combination of Matrix software and Mellanox Ethernet and InfiniBand adapters delivers a high-performance storage solution that can address a broad range of use cases in AI, machine learning, High Performance Computing and high velocity analytics,” commented Nimrod Gindi, Senior Vice President of M&A and Head of Investments, Mellanox Technologies. “We are enthusiastic to support WekaIO in this round of funding to encourage the development of emerging technologies, like Matrix.”

“As the world leader in accelerated computing, NVIDIA is at the forefront of AI innovation,” added Jeff Herbst, Vice President of Business Development, NVIDIA. “WekaIO has pioneered an impressive modern parallel file system that delivers important capabilities to accelerate AI and workloads at scale—with high throughput, high bandwidth and low latency data access to GPU-based servers.”

"With the increase of data-hungry and low latency AI applications in the enterprise, we anticipate that the combination of WekaIO’s cutting-edge NVMe solutions tiered to S3 data pools on Seagate’s Multi Actuator based storage products will provide unparalleled scale, performance and TCO. We are excited to partner with WekaIO, and look forward to a close relationship,” said Ravi Naik, Senior Vice President of Corporate Strategy & CIO, Seagate. “Seagate's mission is to maximize data's potential, so we are excited to support the development of NVMe-native file systems like WekaIO Matrix that were built from the ground up to maximize the efficiencies of flash to support these modern workloads.”

WekaIO was awarded Gartner Cool Vendor, a spot in Silicon Review’s 10 Fastest Growing Storage Companies list, the Artificial Intelligence Excellence Award and the AIConics Award. These achievements highlight the company’s continued industry momentum to deliver unmatched HPC-class storage with enterprise-level features and services, all in one solution, that provides IT with a robust platform to support data-intensive applications.

About WekaIO

WekaIO helps companies manage, scale and futureproof their data center so they can solve real problems that impact the world. WekaIO Matrix™, the world’s fastest shared parallel file system and WekaIO’s flagship product, leapfrogs legacy storage infrastructures by delivering simplicity, scale, and the best performance density per U, for a fraction of the cost. In the cloud or on-premises, WekaIO’s NVMe-native high-performance software-defined storage solution removes the barriers between the data and the compute layer, thus accelerating artificial intelligence, machine learning, genomics, research, and analytics workloads.

Western Digital and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the U.S. and/or other countries.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Moroccanoil®, the global leader in oil-infused beauty, is thrilled to announce the NEW Moroccanoil Color Depositing Masks, a collection of dual-benefit hair masks that deposit pure pigments while providing the treatment benefits of a deep conditioning mask. The collection consists of seven curated shades for commitment-free, beautifully-colored hair that looks and feels healthy.
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
The textured-hair category is inarguably the hottest in the haircare space today. This has been driven by the proliferation of founder brands started by curly and coily consumers and savvy consumers who increasingly want products specifically for their texture type. This trend is underscored by the latest insights from NaturallyCurly's 2018 TextureTrends report, released today. According to the 2018 TextureTrends Report, more than 80 percent of women with curly and coily hair say they purcha...
We all love the many benefits of natural plant oils, used as a deap treatment before shampooing, at home or at the beach, but is there an all-in-one solution for everyday intensive nutrition and modern styling?I am passionate about the benefits of natural extracts with tried-and-tested results, which I have used to develop my own brand (lemon for its acid ph, wheat germ for its fortifying action…). I wanted a product which combined caring and styling effects, and which could be used after shampo...
The precious oil is extracted from the seeds of prickly pear cactus plant. After taking out the seeds from the fruits, they are adequately dried and then cold pressed to obtain the oil. Indeed, the prickly seed oil is quite expensive. Well, that is understandable when you consider the fact that the seeds are really tiny and each seed contain only about 5% of oil in it at most, plus the seeds are usually handpicked from the fruits. This means it will take tons of these seeds to produce just one b...
Steaz, the nation's top-selling organic and fair trade green-tea-based beverage company, announces its 2017 "Mind. Body. Soul." tour, which will bring authentic experiences inspired by the brand's signature Mind. Body. Soul. tagline to life across the country. The tour will inform, educate, inspire and entertain through events, digital activations and partner-curated experiences developed to support the three pillars of complete health and wellness.
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
ScaleMP is presenting at CloudEXPO 2019, held June 24-26 in Santa Clara, and we’d love to see you there. At the conference, we’ll demonstrate how ScaleMP is solving one of the most vexing challenges for cloud — memory cost and limit of scale — and how our innovative vSMP MemoryONE solution provides affordable larger server memory for the private and public cloud. Please visit us at Booth No. 519 to connect with our experts and learn more about vSMP MemoryONE and how it is already serving some of...
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understa...
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
Platform9, the leader in SaaS-managed hybrid cloud, has announced it will present five sessions at four upcoming industry conferences in June: BCS in London, DevOpsCon in Berlin, HPE Discover and Cloud Computing Expo 2019.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
When you're operating multiple services in production, building out forensics tools such as monitoring and observability becomes essential. Unfortunately, it is a real challenge balancing priorities between building new features and tools to help pinpoint root causes. Linkerd provides many of the tools you need to tame the chaos of operating microservices in a cloud native world. Because Linkerd is a transparent proxy that runs alongside your application, there are no code changes required. I...