CloudByte Raises $4 Million In Funding

Posted Jun 19, 2013

CloudByte is a storage virtualization solutions company that changes the way that storage is deployed in private and public clouds.  CloudByte is based in Silicon Valley and they have a development team in Bangalore.  CloudByte has raised $4 million in a new round of funding.  This round of funding was led by Fidelity Growth Partners India.  Nexus Venture Partners and Kae Capital also participated in this round.

“The support we have received from Fidelity, as well as our existing investors, is a testimony to our tremendous market opportunity and the success we are already having in this market,” stated CloudByte CEO Greg Goelz. “While the all-flash discussion continues, our software approach allows organizations to optimize their infrastructure based on their requirements and select their preferred storage components; today, most customers are just beginning to deploy SSDs and economics is a key factor in driving their storage solutions. We enable our customers to start with the mix that is right for their business and continue to use CloudByte to manage their storage as their business grows and needs change.”

CloudByte’s ElastiStor helps redefine storage endpoints beyond capacity to storage performance (IOPS, throughput, and latency).  CloudByte helps host applications that have diverse workloads on a single extensible shared storage platform.  This helps substantially reduce costs.