Hybrid cloud and storage company Datrium closed a $60 million Series D funding round led by Samsung Catalyst Fund. Icon Ventures, and existing investors NEA and Lightspeed Venture Partners, also participated.
“Data is powering the economy,” said Shankar Chandran, SVP and managing director at Samsung Catalyst Fund in a statement. “Cutting-edge infrastructure, like Datrium’s hybrid cloud platform, will help enterprises overcome major obstacles in data analysis and storage.”
In addition to the financing, Icon Venture’s Michael Mullany, former VP of marketing and products at VMware, will join the Datrium Board of Directors.
The company, founded in 2012, has raised $170 million to date.
Datrium’s software simplifies hybrid cloud compared to traditional storage systems and hyperconverged infrastructure (HCI), said Datrium CEO Tim Page.
The company’s platform integrates compute, storage, virtualization, and backup. But unlike traditional HCI, it allows customers to independently scale capacity and/or workload performance. It also scales all data management functions including snapshots, replication, encryption, deduplication, compression, erasure coding, and space reclamation. And it rebuilds failed drives.
“Enterprises globally have the same problems in simplifying compute and data management across on-prem and cloud,” Page said in a statement. “Where SANs don’t even have a path to cloud, traditional HCI has too many tradeoffs for core data centers — backup requires separate purchasing and administration, and cloud DR [disaster recover] automation is seldom guaranteed. Larger enterprises are realizing that Datrium software offers them a simpler path.”
Today’s funding news follows a big customer win for the company, which competes against HCI and storage vendors including Nutanix, Dell EMC, and NetApp. In June the San Francisco 49ers selected Datrium as the football team’s official converged infrastructure provider.