Western Digital Capital, the investment arm of data storage equipment maker Western Digital, has invested an amount reported by Calcalist to be $25m in US-based cloud storage software developer Kaminario.
Kaminario has created a composable data platform for data centre operators that enables them to increase automation while accessing real-time data analytics. It began life in 2008 as a flash storage specialist but has since pivoted to focus on software only.
Dani Golan, Kaminario’s founder and chief executive, said: “Kaminario has committed to a software business model and to transforming its go-to-market strategy with innovative partnerships that help us accelerate growth, while containing cost.
“Reaching cash-flow positive is a milestone for Kaminario and will give us the ability to chart our own strategic path, while continuing to deliver unique value to our customers and partners.”
The company has now raised approximately $243m in total, $75m of which came in a January 2017 series F round co-led by Waterwood and CIRTech that included Sequoia Capital, Pitango Venture Capital, Lazarus Israel Opportunities Fund, Silicon Valley Bank and Globespan Capital Partners.
Diversified conglomerate Mitsui is also among Kaminario’s existing backers, having participated in a $68m series E round that closed in 2015, investing through its Mitsui Global Investment unit.
Sequoia Capital, Pitango Venture Capital, Globespan Capital Partners, Tenaya Capital, Lazarus Hedge Fund and Silicon Valley Bank also contributed to the series E round.
