PernixData Closes $35M In Series C Funding For Its Disruptive Server Side Storage Technology

On Wednesday, PernixData announced the finalization of $35M in Series C funding in a round led by Menlo Ventures. The Series C funding raise also included the participation of individual investors in the form of Marc Benioff, CEO of Salesforce.com, Jim Davidson, Managing Director at Silver Lake and Steve Luczo, CEO of Seagate Technology. PernixData’s revolutionary server-side flash storage technology allows customers to scale their storage infrastructure without adding hardware-based storage capacity. PernixData FVP delivers software-based scale-out storage capability based on the aggregation of RAM or flash for any virtualized application. PernixData’s disruptive scale-out technology enables IT administrators to decouple storage capacity from its underlying hardware infrastructure toward the end of scaling storage capacity without intrusive additions to storage hardware.

The announcement of PernixData’s Series C funding comes hot on the heels of the company’s July 31 news of quarter over quarter revenue growth of 42% in its first full fiscal year. To date, PernixData claims over 200 paying customers for its FVP product in more than 20 countries. With an extra $35M in the bank, PernixData lies poised to consolidate its impressive early traction in the use of serve side flash to improve storage scalability and performance. Expect PernixData to continue leading the revolution in the decoupling of storage capacity from hardware-based storage capacity as its flagship FVP product expands its market penetration and continues its maturation in collaboration with customer feedback. Existing investors Kleiner Perkins Caulfield and Byers, Lightspeed Ventures, Lane Bess, Mark Leslie and John Thompson also participated in today’s Series C round, which brings the total capital raised by PernixData to $62M.

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