Komprise Raises $6M Series A to Develop Analytics-Driven Software That Makes it Crazy Easy to Manage the Massive Data Growth While Cutting 70% of Costs
Canaan Partners leads round backing serial entrepreneurs with a track record of eliminating storage cost and complexity
San Francisco, CA – June 18, 2015 -- Komprise today announced it has raised $6M in Series A funding, led by Canaan Partners. These funds will be used to build out Komprise’s data management software, which creates a sustainable approach to managing the growing onslaught of data while eliminating the headaches, cost, complexity and silos of current approaches. Komprise is the industry’s first solution designed to use analytics-driven adaptive automation to manage massive data growth transparently across all storage silos. The solution manages, organizes, protects and provides access to data across both on-premise and cloud data stores, without changes to existing processes or infrastructure, while saving over 70% of the costs. Komprise was built by a team of serial entrepreneurs with a passion and successful track record of making complex IT infrastructure “crazy easy.”
According to Science Daily, 90 percent of the world’s data has been generated in the past two years, and data is continuing to double every two years. By 2020, the digital universe will reach 44 zetabytes. Existing data management approaches were not designed to handle this monumental explosion in the volume, variety and velocity of data — especially unstructured data. As a result, businesses are spending 25 percent of their IT budgets on storage, and 80 percent of this cost is in the management of the data – storing, migrating, protecting, and finding data. Komprise eliminates 70% of these costs by breaking the cycle of buying and managing more storage and intelligently automating the data management processes transparently across data silos.
“The reality is most businesses today are struggling simply to keep up with the growth of their data,” said Krishna Subramanian COO & co-founder at Komprise. “Not only are storage needs growing rapidly, but most of the data ends up collecting dust in a storage bin since it can be costly and complex for a company to find and interpret. Our solution helps businesses to organize, discover and unlock the value of unstructured data while streamlining costs.”
“There have been dozens of successful startups that have focused on the issue of storage, but to date nobody has addressed the issue of actually managing that data,” said Maha Ibrahim, general partner at Canaan. “Customers demand the ability to dynamically manage their assets in the cloud. We are excited to be backing such an innovative solution in data management and such a phenomenal teamThe founding team has successfully built two prior start ups that made complex IT infrastructure “crazy easy.” Their last company, Kaviza, eliminated the cost and complexity of virtual desktops with a converged scale-out VDI architecture that eliminated the reliance on SANs. The award-winning solution is successfully used by thousands of customers and was acquired by Citrix in May 2011.
To continue fueling its growth, Komprise is expanding its team and hiring in all areas including product, engineering, sales, and marketing. To learn more about the company’s open positions or to sign up for the company’s beta interest list, please visit Komprise.com.
Komprise creates a sustainable approach to data management that enables businesses to manage the massive scale of data growth while unlocking its value. Komprise is the third company for the co-founders who have built two prior data startups that eliminated the cost and complexity of traditional infrastructure. For more information, go to www.komprise.com.
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