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Hedvig Raises $18 Million In Series B Funding
SI Team
Thursday, July 2, 2015
Hedvig, which provides software-defined storage, announced the closing of an $18 million Series B funding round. The funding round was led by Vertex Ventures and was joined by True Ventures and Atlantic Bridge. With a total net pool of approximately $30.5 million in financing till date, the latest funding will be channelized towards rapid global expansion and meeting the growing demands of its customer base. "We've identified the potential in a broken and fragmented storage market, and are not only looking to bring software-defined storage mainstream, but fundamentally change how companies store and manage data," said Avinash Lakshman, Founder and CEO of Hedvig.

Hedvig has been re-architecting software-defined storage. It accelerates data to value by condensing the disparate storage systems into a single platform there by creating a virtualized pool that provides storage with a couple of clicks, scales to petabytes and runs in both pivate and public clouds. Customers like Intuit, Dovilo, Van Dijk and Paul Hastings LLP etc use Hedvig's solutions to transform their storage from a box where data resides to a fundamental business enabler. Riding the wave of momentum from the new investment round further validates Hedvig's technology and approach, and will fuel its unwavering commitment to be the leading force of innovation in software-defined storage, according to Lakshman.

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