siliconindia | | September 20148PernixData Grabs $35 Million in Series C FinancingBitglass Secures $25 Million in Series B FinancingSan 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 Caufi eld 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 fl agship product, PernixData FVP software, virtualizes server fl ash 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 fi rst full fi scal 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 fi rst 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 vi rt ua l i z e d data centers."also closed its fi rst full fi scal 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 our next phase of product vision and deliver FVP globally to all vi rt ua l i z e d data centers."Bitglass, a provider of data protection solutions for the enterprise has secured $25 million in Series B funding. Bitglass offers the industry's most complete solution, securing corporate data in the cloud, at access and on mobile devices. Founded in 2012, even when it was emerging from stealth in January 2014, Bitglass has enjoyed strong demand for its Total Data Protection solution. The company currently enables customers in every major vertical, including healthcare, fi nancial services, manufacturing and transportation to secure BYOD and cloud applications such as Google Apps, Salesforce, Microsoft 365 and Box. Bitglass has delivered several disruptive innovations that are enabling enterprises to easily adopt the mobile devices and cloud apps that their business needs. It enables enterprises to adopt public cloud apps while storing data encrypted in their own private cloud. Leading cryptographers have vetted the fi rm's patent-pending searchable full-strength encryption technology. Apart from this, it also secures corporate data on any device with no software agents or profi les. In addition, Bitglass' data-centric security embeds protection directly into the data, and automatically tracks, encrypts, and redacts sensitive corporate data based on policy and context. Finally, the fi rm's user experience is completely transparent to end users allowing them to access corporate data the way that they normally do, without worrying about whether IT is monitoring their personal communications.The capital infusion, which brings Bitglass' total funding to date to $35 million, will be used to expand sales, marketing, and technology development of Bitglass' Total Data Protection solution. New investors include a large global bank and SingTel Innov8, the venture-investing arm of SingTel Group, Asia's leading communications group with over 500 million mobile customers. Existing investors NEA and Norwest participated in the round as well. "We are honored to attract capital from investors with a fi rst-hand understanding of the markets we serve," says Nat Kausik, CEO of Bitglass. "The fresh capital will enable us to accelerate innovation and growth."Poojan KumarNat Kausik
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