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PernixData Grabs $35 Million in Series C Financing
SI Team
Monday, September 1, 2014
San Jose based PernixData, a provider of server-side storage intelligence has raised $35 million in Series C funding. Menlo Ventures led the oversubscribed round, which also included new individual investments from Marc Benioff (chairman and CEO of salesforce.com), Jim Davidson (Co-Founder, Managing Partner and Managing Director at Silver Lake), and Steve Luczo (chairman and CEO of Seagate Technology). Previous investors Kleiner Perkins Caufield and Byers, Lightspeed Ventures, Lane Bess, Mark Leslie and John Thompson also contributed to the Series C round, which now brings the total investment in the company to $62 million.

PernixData is fundamentally changing how storage is designed and operated in virtual data centers. The company's flagship product, PernixData FVP software, virtualizes server flash and RAM to enable scale-out storage performance that is independent of capacity. No changes are required to VMs, servers or primary storage, ensuring maximum performance of all virtualized applications in a seamless, scalable, and cost-effective manner.

On July 31, 2014, PernixData also closed its first full fiscal year, which had 42 percent quarter-over-quarter revenue growth and revenues that set a record amongst enterprise infrastructure software companies.

"PernixData has experienced an absolutely amazing year with groundbreaking product features, 160 percent growth in world-
wide headcount, extensive industry accolades, top tier funding, and revenues that were 50 percent higher than any other enterprise software company during its first year of sales, handily beating the previous record in this space," says Poojan Kumar, CEO & co-founder of PernixData. "This underscores the enormous demand for our unique decoupled storage architecture. We will use this revenue momentum and the new round of funding to execute on our next phase of product vision and deliver FVP globally to all virtualized data centers."
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