Avere Closes $17 Million Series B Funding Round
Storage specialist Avere, maker of the FXT Series solid-state storage and traditional spinning media appliances, brings in $17 million in funding.Avere Systems, a company specializing in Demand-Driven Storage solutions, announced that investors have contributed an additional $17 million in funding bringing total investment in the company to $32 million and enabling it to expand production and distribution of its FXT Series appliances that accelerate the performance of network attached storage environments. Led by Tenaya Capital, the Series B funding round also includes original investors Menlo Ventures and Norwest Venture Partners. The Avere FXT Series contains both solid-state storage and traditional spinning media. Reads, writes, and metadata are allocated to storage media via Avere's approach to dynamic tiering. Allocation algorithms running on the FXT appliances monitor access frequency patterns and workload type and manage data placement on multiple internal tiers to help increase performance, distribute workload in the cluster and minimize requests to the mass storage server.
Each FXT Series hardware platform contains DRAM and NVRAM to accelerate the performance of active data. The most active data is stored in the 64GB bank of DRAM within each FXT appliance. Write performance is accelerated and protected by 1GB of NVRAM provided per appliance. Each appliance also contains 8 15k SAS HDDs or 8 SLC Flash SSDs to support large application working sets. The FXT Series is offered in three models, FXT 2300, FXT 2500, and FXT 2700, each available with 2 10GbE and 2 1GbE or 10 1GbE networking ports.