Storage startup Kaminario closes $15M funding
Kaminario Inc., an Israel-born diskless storage company with headquarters in Newton, has raised $15 million in a Series C funding round that adds new investor Globespan Capital Partners to the roster of backers.
So far, Kaminario has brought in $34 million in venture backing from investors Sequoia Capital and Pitango Venture Capital, which also participated in the new round, according to a release from Kaminario. In conjunction with the funding, Kaminario will add Globespan managing director Venky Ganesan to the company’s board of directors.
According to the company, Kaminario makes storage appliances based on off-the-shelf blade servers and solid state drives, and launched the first product called K2 in July of 2010. Officials said in the release that Kaminario would use the new funds to expand the K2 product line and to boost sales distribution channels and marketing efforts.
Founded in 2008, Kaminario has its research and development in Israel, where about 40 of the company’s approximately 50 employees are located. However, Dani Golan, CEO of Kaminario and co-founder along with COO Ofir Dubovi, said the company always knew it would be based in the U.S.