Belgium-based big data company Amplidata has secured $11m in funding, raising its total invested capital to $33m.
Intel Capital led the funding round and this is the second time that the venture giant has invested in the company. In 2012, Intel made an investment of $8m in Amplidata along with Swisscom Ventures, the corporate venturing unit of Switzerland-based telecommunications company Swisscom, Big Bang Ventures and Endeavour Vision.
All the company’s other existing investors participated in the round as well, including data storage company Quantum and venture capital fund Hummingbird Ventures.
Ian Cooper, investment director at Intel Capital, said: “With no end in sight to the massive growth of data and the ever increasing value of that data, organszations need a cost effective way to manage and scale their storage solutions. Amplidata is well positioned to take advantage of the growing demand for object-based storage running on commercial-off-the-shelf hardware.”
“From the world’s largest content owners to smaller businesses seeking competitive advantage, our customers rely on Quantum to help them maximise the value of their digital assets,” Jon Gacek, president and CEO of Quantum added.
“One way we do so is with our Lattus Object Storage offerings, which incorporate best-of-breed Amplidata technology and can be integrated with our other scale-out storage, archive and data protection solutions to provide unmatched user benefits.”
Amplidata is renowned for its object-based software defined storage system, AmpliStor. The software caters to the data requirements of enterprise, private cloud, and hyper scale public.
Following its inception in 2008, Amplistor has gained popularity with world leaders in telecommunications, cloud services, life sciences, media and entertainment, security and surveillance and R&D relying on its services. Amplidata intends to invest the funding in growth and expansion, marketing research and product development.
“There is robust demand for storage solutions that offer true cloud-scale economics that allow customers to unlock the value of their massive volume of data”, said Mike Wall, chairman and CEO of Amplidata. “Customers have recognised AmpliStor’s ability to be dynamically scaled and reconfigured across multiple sites while providing leadership performance, data durability and operating efficiency.”