Primary Data Raises $50 Million
Primary Data is an enterprise software company that has raised a $50 million round of funding. Primary Data focuses on software-defined data center technologies. Primary Data is developing next generation data virtualization and mobility technologies that manages how information is stored.
Primary Data will be using this round of funding to bring new technologies to the market in the second half of 2014. Primary Data is led by Fusion-io founders David Flynn and Rick White.
“Cloud and the performance of Flash have spurred a transition in storage. But it’s not about the storage resources themselves. Instead, we need to focus on the data,” stated David Flynn, co-founder and CEO of Primary Data. “Data needs to live beyond the boundaries of the storage systems that hold it. This is one of the problems Primary Data solves. With record-setting funding, we are now ready to lead the charge to a new era of storage that spans from Flash to Cloud.”
Accel Partners led this $50 million round of funding. Battery Ventures, Pelion Venture Partners, Lightspeed Venture Partners, and Wing Capital Group also participated in this round.
Primary Data is expected to launch out of stealth mode in Q2 of 2014.