Western Digital Invests in Flash Storage Startup Kaminario
The $25 million investment brings Kaminario’s total equity raised to $245 million
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Founded in 2008 by Golan, Kaminario develops and markets all-flash storage arrays for databases, data mining, business intelligence, and web applications. In early 2017, Kaminario completed a $75 million funding round from investors including Sequoia Capital and Israel-based Pitango Venture Capital. To date, the company raised a total of $245 million, according to Pitchbook data.
In a Tuesday statement, Kaminario reported that during the third quarter of 2018, it managed to reach positive cash flow for the first time. Kaminario also reported a 55% growth in its software business during the first nine months of 2018, compared with the same period in 2017.
Headquartered in Needham, Massachusetts, the company has additional offices in Israel, New York, and Silicon Valley. It employs around 300 people according to LinkedIn data.