Primary Data announced a $40 million funding round and released version 2.0 of its DataSphere software platform.
After receiving an initial $50 million in 2013 the company will use the new funds to continue build out its sales team and business. The $40 million funding was split between $20 million led by Pelion Ventures and a $20 million line of credit.
DataSphere is the company's enterprise metadata engine for bringing machine learning into data management by sitting in between enterprise applications and on-premise storage and cloud storage, providing metadata driven data placement, tiering and protection service.
"Automating data management through an intelligent data fabric that spans different types of storage is critical to enabling enterprises to fully leverage their data while finally solving storage complexity,” said Blake Modersitzki, Managing Director at Pelion Venture Partners. “With DataSphere, Primary Data is leading the industry in bringing intelligence to data management across the enterprise and into the cloud, and we are proud to invest in the transformation Primary Data is delivering for its innovative customers.”
The version 2.0 release of DataSphere brings many new features for bringing intelligence into data management. With the selection of data objectives the new release now provides deep control capabilities with Objective Expressions. DataSphere says version 2 enables parallel performance and support for multiple clouds, and adds support for SMB 2.1 and 3.1, as well as Active Directory.
Chief Scientist for Primary Data Steve Wozniak said, “DataSphere 2.0 makes it simple for enterprises to finally automate how data is managed by using the intelligence that has been sitting right there in your metadata all along.”
Primary Data also noted that it continues to expand its partnerships with Amazon AWS, Cloudian, Google, Scality, NetApp and VMware to help joint customers get the right data to the right place at the right time.
Primary Data was recently listed in the Gartner 2017 Hype Cycle for Storage Technologies.
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