Venture Funding

Datrium Closes $55 Million Funding


SUNNYVALE — Datrium, a developer of Open Convergence platform for cloud builders, has secured $55 million in Series C financing led by New Enterprise Associates (NEA), with return investment by Lightspeed Venture Partners, as well as funding from a third, outside investor.

This new financing brings Datrium’s total raised to date at more than $110 million since inception. The company plans to continue scaling sales, marketing, support and engineering to bring the benefits of Open Convergence and its flagship product, DVX, to cloud builders around the world.

Datrium was founded by virtualization and data management industry leaders from VMware and Data Domain, including early funding from VMware founders Mendel Rosenblum, Edouard Bugnion and Diane Greene, along with Data Domain founder Dr. Kai Li and ex-CEO Frank Slootman.  By providing a data platform that models public cloud infrastructure-as-a-service (IaaS), Datrium eliminates the need for storage arrays, while integrating seamlessly with multi-vendor enterprise infrastructure.

“Storage arrays are a dying market, but for most cloud datacenters hyperconverged infrastructure is too inefficient and siloed to be a replacement,” said Brian Biles, CEO of Datrium.  “Datrium is the first vendor to bring the Open Convergence vision to life, splitting elastic data services from efficient data persistence.  Our DVX is available for VMware today in the US and Japan, and we are excited to broaden our reach with this new investment.”

“We are in the business of supporting transformative innovation,” said Scott Sandell, Managing General Partner of NEA and Datrium Board Member.  “From early on, we felt that Datrium had the potential to significantly impact the multi-billion dollar cloud infrastructure market. We’re seeing this foresight realized through the company’s impressive traction and are thrilled to continue partnering with the team.”

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