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.
Movement of data occurs in real-time, and occurs at the file-level or
block-level within a file. All of it is done automatically by the
system. In the past few months, Avere has closed deals with companies
like Sony Pictures Imageworks and GX Technology. In July, the company
joined the VMware Technology Alliance Partner (TAP) program. The VMware
TAP program helps technology vendors integrate their products with
VMware virtualization software and deliver timely, joint solutions to
Brian Paul, managing director of Tenaya Capital, is joining the Avere
Systems board. "Avere has proven to be a company that simply cannot be
ignored. We have been watching Avere closely since they entered the
market and we are very excited about their disruptive technology and
the value they bring to customers," Paul said. "I look forward to
joining the company's Board of Directors and helping Avere to continue
to deliver superior business results."
Ron Bianchini, co-founder and CEO of Avere, said while the company was
not actively looking for additional funding in the company, they jumped
at the opportunity to bring on a partner like Tenaya Capital. "We're
very pleased that we can continue to expand our efforts to introduce
dynamic tiering to enterprise storage customers," he said.
Nathan Eddy is Associate Editor, Midmarket, at eWEEK.com. Before joining eWEEK.com, Nate was a writer with ChannelWeb and he served as an editor at FierceMarkets. He is a graduate of the Medill School of Journalism at Northwestern University.