Komprise has secured USD24 million in a Series C investment round led by Top Tier Ventures, with strategic investment from new investor Western Digital Capital, the strategic investment fund of Western Digital Corp, along with participation from existing investors, Canaan Partners and Walden International.
This new funding round, which brings the total financing since inception to USD42 million, will be used globally to boost sales, marketing, product development and customer support.
Komprise enables customers to swiftly adapt their data management to suit a range of business requirements. The Komprise Intelligent Data Management Platform allows organisations to manage the complete data lifecycle with data analytics, replication, archive and effortless migration. The solution is designed to address today’s massive scale of data and enables customers to dynamically opt for the right storage solution at the right time, saving money and enhancing data management.
“We have been watching the company closely, and are impressed with how quickly enterprises are adopting Komprise,” says Garth Timoli, general partner at Top Tier Ventures. “Data is growing exponentially and the Komprise software-based business model is uniquely positioned to address this space. We know Komprise is poised to scale massively, led by its proven founders and executive team.”
“The increasing volume, variety, velocity and value of unstructured data is driving the need for more efficient and flexible storage architectures,” says Mark Long, president, Western Digital Capital. “Komprise’s data management platform provides exceptional analytics capabilities and highly flexible management of data assets, enabling more efficient on-premises and hybrid cloud architectures. Our investment in Komprise complements our focus on helping our customers create infrastructures to manage, preserve, experience and unlock the true potential of their data.”
“We are pleased that both new and existing investors have demonstrated their support and we will look forward to using this new cash infusion to significantly grow our product, customer and partner base,” says Kumar K Goswami, CEO Komprise. “We are always looking for new and innovative ways to work, and as organisations continue to store more data, at an unprecedented scale, we are seeing more customers re-evaluate their data management system.”
