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» VIEW ALL POSTS Nov 18 2013   10:31AM GMT

SimpliVity raises $58 million, prepares for hyper-growth



Posted by: Dave Raffo
Tags:
Storage

Hyper-converged storage startup SimpliVity’s executives were in hyper-funding mode the last few months. SimpliVity closed a whopping $58 funding round today, bringing its total to $101 million over three rounds.

CEO Doron Kempel said SimpliVity will use the cash to significantly grow the size of the company and its sales. SimpliVity’s OmniCube stack includes storage, server, and VMware hypervisor in one box, with the ability to cluster 40 units.

“This gives us a lot of dry powder and we plan to triple the size of our organization next year and multiple our sales by five times,” Kempel said of the funding round.

He said SimpliVity has around 130 employees now. He won’t disclose revenue but said the startup has more than 100 customers, many with more than one OmniCube. He said one customer bought six systems in 17 days.

Kempel said SimpliVity will add more form factors and capabilities next year. You can expect a smaller system in the 2 TB to 3 TB range for remote offices and support for the KVM hypervisor early in the year and Microsoft Hyper-V to follow.

When asked how he raised so much money, Kempel said the investors agreed with him that SimpliVity can take over the data center. “The IT stack has 12 products,” he said. “VMware virtualizes the servers, and we virtualize everything else.”

Nutanix, Scale Computing, and Pivot3 also sell hyper-converged hardware stacks, and software players are getting into the game. Last week Maxta came out of stealth with software that pools capacity and processing power on virtual machines. VMware’s Virtual SAN (vSAN) – currently in beta – behaves similarly.

Kleiner Perkins Caufield & Byers (KPCB) Growth and DFJ Growth venture companies led the SimpliVity funding round, with Meritech, Swisscom Ventures, Accel and Charles River Ventures participating.

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