Hedvig secured $18m this week which will help fuel expansion of its software-defined storage offering
Distributed storage platform provider Hedvig has secured $18m in a round of funding the company said will be used to double down on development and expansion.
In the cloud space storage heterogeneity can cause big performance bottlenecks – particularly in tightly integrated systems, which many applications and services are quite clearly becoming – and legacy datacentres are struggling to keep pace.
Hedvig, which came out of stealth earlier this year and was founded by former Facebook and Amazon NoSQL and storage specialist Avinash Lakshman (also the brains behind Cassandra), offers a highly scalable storage platform (block, file and object) that the company says provides fully programmable, highly granular storage provisioning – software-defined storage in other words.
The platform supports pretty much every hypervisor or Linux container service above it, and uses REST-based APIs so cloud users can tap into the platform in a fairly straightforward way.
The investment round, which brings the total amount raised by the firm to just over $30m, was led by Vertex Ventures with participation from existing investors True Ventures and Atlantic Bridge. As part of the deal Vertex Ventures General Partner In Sik Rhee will be joining Hedvig’s board of directors.
“We’ve identified the potential in a broken and fragmented storage market, and are not only looking to bring software-defined storage mainstream, but fundamentally change how companies store and manage data,” Lakshman said.
“Riding the wave of momentum from our recent company launch, this new investment round further validates our technology and approach, and will fuel our unwavering commitment to be the leading force of innovation in software-defined storage.”
Hedvig’s success comes at a time of rising popularity of the concept of the software-defined datacentre, which sees the orchestration of almost everything – storage, compute, networking – through software.