Hybrid Cloud Storage Startup Elastifile Raises $16 Million

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   Elastifile increased $16 million, the Santa Clara, Calif.-based technology startup declared on Sept. 6.
   Present investor Western Digital Capital led the round of financing with additional funding from Battery Ventures, CE Ventures, Cisco Investments, Dell Technologies Capital and Lightspeed Venture Partners. To date the company has raised $65 million.
   The new infusion of funds will be used to reinforce the Elastifile's earnings efforts amid a period of lively growth. The business reported that over 40 clients are utilizing the organization's "cross-cloud data cloth" technology.
   Elastifile is led by CEO and co-founder Amir Aharoni, previously of Mobixell Networks and Optibase. Its CTO, Shahar Frank, co-founded flash storage systems manufacturer XtremIO, that was acquired by EMC at 2012.
   The business established its flash- and - cloud-enabled Elastifile Cloud File System platform in April. Combining the performance-enhancing capacities of flash and multi-cloud support, the elastic infrastructure technologies enables organizations to get rid of storage silos and expand critical workloads into the cloud.
   Also crucial to this offering is the capability to "lift and shift" software to the clouds without needing to refactor them.
   Elastifile contains information deduplication and compression at no extra cost and supports both the 3 leading cloud computing suppliers, Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform. Back in June, the business became a formal Google Cloud Technology Partner, enabling clients to transfer stateful containers, software and other on-premises workloads into the Google cloud and rear with no modification and with service-level arrangement (SLAs) assurances complete.
   "Elastifile has developed a cloud-scale distributed file system built to free information locked inside storage silos so all users and workflows could get it immediately from anywhere," said Mark Long, president of Western Digital Capital, in a declaration. "The business is addressing a significant and growing challenge associated with conventional storage architectures. We strongly encourage their efforts and are very happy to expand our continuing strategic relationship."
   Lead investor Western Digital was occupied on the deal-making leading recently.
   On Aug. 29, the hard drive manufacturer announced that it's getting flash storage systems manufacturer Tegile Systems for an undisclosed sum. Months before, on April 11, Western Digital spearheaded a $33 million investment around for Tegile.
   Also in August, Western Digital snapped cloud up content sharing and storage expert Upthere for an undisclosed sum. In May 2016, Western Digital finished its acquisition of flash chip manufacturer and solid-state drive (SSD) supplier of SanDisk, a trade valued at an estimated $19 billion.