Business Wire

Pavilion Data Raises $25 Million in Series C Funding Round

Share

Pavilion Data Systems, the industry leader in NVMe-over-Fabrics (NVMe-oF) storage technologies, announced today its Series C funding of $25 million, bringing the total funding to $58 million. New investors are Taiwania Capital and RPS Ventures.

All existing investors: Kleiner Perkins Caufield & Byers, Korea Investment Partners, DAG Ventures, Artiman Ventures, SK Telecom, and Tyche Partners participated in this round. The new investment will accelerate the delivery of the company's NVMe-oF products, expanding to new markets, and growing the team to support customer demand.

"The adoption of NVMe-oF is increasing, and Pavilion provides differentiated technology in this market. Repeat sales and strong customer demand prove that its NVMe-oF platform can bring competitive advantages to large organizations, especially those that rely on analytics and machine learning," said Huang Lee, managing partner at Taiwania. "We are pleased to lead this round and look forward to bringing Pavilion to new markets such as Asia where the cloud-scale deployments require an NVMe-oF solution without the complexities and limitations of traditional storage."

"Here at RPS Ventures, we appreciate the opportunity to join forces with Pavilion and the other investors to help the company expand to new verticals and other parts of the world," said Kabir Misra. managing partner at RPS. "When we decided to invest, we looked at the large, diverse customer base, but also the strong intellectual property. We were equally impressed by its OPENCHOICE business model and how it is changing the way storage is sold today."

"We are pleased with the Series C oversubscribed round of funding and our ongoing customer progress," said Gurpreet Singh, CEO of Pavilion Data. "In 2019, we have delivered a large number of systems to leading organizations worldwide. Many of these customers are now purchasing additional arrays as they continue to scale out. The platform is used in Artificial Intelligence, Machine Learning and Deep Learning workloads spanning IBM Spectrum Scale, MySQL, and NoSQL databases, as well as Pivotal™ Greenplum. We are also providing unification of modern cloud and legacy enterprise applications, including the Pivotal Cloud Foundry, Kubernetes with persistent K8s, and VMware. We solve their challenges with the immediate benefits of an NVMe-oF system and the procurement flexibility they need through our OPENCHOICE business model."

Pavilion was just awarded Best of Show – Most Innovative Startup at the Flash Memory Summit 2019. Earlier this year, the company was named an IDC NVMe over TCP Innovator, a CRN Hottest Storage Startups to Watch, became the first NVMe-oF solution for Spectrum Scale on IBM's Global Solutions Directory, became a Dell Extended Technologies Partner for direct and channel resale, and was awarded five patents for a total of 16 to date. The company is an active member of NVMexpress, SNIA, STAC Research, and TACC's STAR Program.

About Pavilion Data Systems

Pavilion Data Systems empowers organizations to make better decisions faster. Its ultra-fast, rack-scale NVMe-over-Fabric Storage Platform ingests, processes, stores and serves an order of magnitude more data for massively-parallel modern applications. Pavilion's OPENCHOICE Storage™ business model provides flexibility to reuse existing standard 2.5" NVMe SSDs or purchase the latest SSDs directly from drive makers, dramatically reducing procurement costs and future-proofing the platform investment. Pavilion Data's solutions enable Internet and SaaS companies, cloud service providers and enterprises to deliver business-critical applications at the speed of direct-attached storage, with the economics, reliability, manageability, and data management services of shared storage. To find out more, visit www.paviliondata.io or follow the company on Twitter at www.twitter.com/paviliondata.

Contact information

Pavilion Data Systems
Walter Hinton
720-394-7161
walter.hinton@paviliondata.io

Silicon Valley PR
Georgiana Comsa
650-800-7084
georgiana@siliconvalleypr.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Gilead and Galapagos Complete Closing of Their Transformative Research and Development Collaboration23.8.2019 23:01:00 EESTPress release

Gilead Sciences, Inc. (NASDAQ: GILD) and Galapagos NV (Euronext & NASDAQ: GLPG) today announced the closing of the global research and development collaboration agreement signed on July 14, 2019. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190823005335/en/ This agreement has received clearance from the U.S. Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and merger control approval from the Austrian Federal Competition Authority. Under the terms of the agreement, the closing of this transaction triggers an upfront license fee payment of $3.95 billion by Gilead to Galapagos. In addition, Gilead has made an equity investment in Galapagos of approximately $1.1 billion (or approximately €960 million) by subscribing for new shares at a price of €140.59 per share, including issuance premium. As a result, Gilead now owns 13,589,686 ordinary shares of Galapagos, representing approximately 2

32 Leading Global Fashion and Textile Companies Make Commitments on Climate, Biodiversity and Oceans23.8.2019 10:47:00 EESTPress release

Ahead of the G7 meeting at Biarritz from August 24-26, French President Emmanuel Macron, accompanied by Economy and Finance Minister Bruno Le Maire, Minister of Labour Muriel Pénicaud, and Deputy Minister of Ecological and Solidary Transition Brune Poirson, has invited to the Elysée Palace representatives of the 32 fashion and textile companies who have launched the Fashion Pact by his side. In April 2019, ahead of the G7 meeting, Emmanuel Macron had given François-Henri Pinault, Chairman and Chief Executive Officer of Kering (Paris:KER), a mission to bring together the leading players in fashion and textile, with the aim of setting practical objectives for reducing the environmental impact of their industry. In a historic move, given the scale and importance of the coalition that has been created, 32 leading companies from the fashion and textile industry have given themselves a set of shared objectives in the form of a Fashion Pact. The coalition includes groups and brands in Luxury,

Ethereum (ETH) Now Available on bitFlyer Buy/Sell23.8.2019 08:00:00 EESTPress release

Cryptocurrency exchange bitFlyer has announced it is adding Ethereum (ETH) to its Buy/Sell trading platform. From today, bitFlyer Buy/Sell users across Europe and the US can send and receive ETH while ensuring they adhere to the same robust regulatory standards as bitFlyer guarantees for Bitcoin (BTC) transactions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190822005486/en/ Ethereum (ETH) Now Available on bitFlyer Buy/Sell (Graphic: Business Wire) Andy Bryant, Co-head and COO, bitFlyer Europe, said, “At bitFlyer, we want to offer not just the most popular coins, but the most respected ones too, which makes ETH a logical choice to expand our service offering. Not only has ETH proved itself as a useful altcoin, particularly in relation to smart contracts, it has an incredibly strong community that surrounds it. We’re committed to offering the best customer experience whilst prioritising security and regulatory standards, a

STALICLA Announces Completion of pre-IND Meeting With FDA on STP1 for Subgroup of Patients With Autism Spectrum Disorder (ASD)23.8.2019 03:00:00 EESTPress release

STALICLA, a Swiss Biotech company, today announced the completion of its pre-IND (Investigational New Drug) meeting with the U.S. Food and Drug Administration (FDA) on the preparation for entry of STP1 into clinical trials. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190822005559/en/ STALICLA at the Food and Drug Administration (FDA) to discuss its investigational precision medicine for Autism Spectrum Disorder (Photo: STALICLA) “We are appreciative of FDA´s technical guidance and strong interest in personalized medicine approaches for patients with Autism Spectrum Disorder. STALICLA is committed to rapidly move forward with the submission of its STP1 IND. STP1 holds the potential to become the first precision medicine for a subgroup of patients with ASD, and herald a new age for this field.” - Lynn Durham, CEO and Founder of STALICLA. ASD is a common neurodevelopmental disorder, with high level of heterogeneity, that aff

San Fang Chemical Switches to Rimini Street Support for its Oracle EBS and Oracle Database Software23.8.2019 01:00:00 EESTPress release

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that San Fang Chemical Co., Ltd., a global manufacturer and distributor of artificial leather products headquartered in Taiwan, has switched to Rimini Street support for its Oracle E-Business Suite application and Oracle Database software. In addition to immediately saving 50% of its annual maintenance costs that they were previously paying the vendor, the company can now maintain its core, robust Oracle system for a minimum of 15 years from the time that they switched to Rimini Street support with no forced upgrades. San Fang Chemical has also been able to liberate its IT resources and divert its substantial cost savings to invest in more forward-looking innovation projects to help pave the way for future growth and competitive advantage. This press release features mu

Gravity Unveils its Future Plans During Gamescom 201922.8.2019 18:46:00 EESTPress release

Gravity Interactive, Inc., a subsidiary of Gravity Co., Ltd. (NASDAQ: GRVY) which is a leading global game company, participated in Gamescom which is one of the three largest game fairs in the world, held in Cologne, Germany from August 20th to 24th. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190822005507/en/ Gravity Interactive, Inc., a subsidiary of Gravity Co., Ltd. (NASDAQ: GRVY) which is a leading global game company, participated in Gamescom which is one of the three largest game fairs in the world, held in Cologne, Germany. At the fair, Gravity announced that it plans to launch ‘Ragnarok M: Eternal Love’ in the European region on September 4th 2019. ‘Ragnarok M: Eternal Love’ will be launched in Russia and Turkey, as well as Europe and it will be serviced in seven languages including English, Portuguese, Spanish, Russian, German, French, and Turkish. (Photo: Business Wire) On August 20th, Gravity held a presentati

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom