Flash array storage vendor Kaminario closes $53 million financing round

Kaminario, a provider of all-flash array storage provider for midrange enterprises, has closed a $53 million financing round, bringing total raised capital to $128 million.

In addition to existing investors Sequoia Capital, Pitango, Globespan, Tenaya and Mitsui, the round includes contributions from new investors, Silicon Valley Bank and Lazarus Hedge Fund, as well as a large public company.

The Newton, MA.-based Kaminario will use the new investment to accelerate growth and extend go-to-market sales, marketing and support reach.

The company quadrupled bookings since the launch of its fifth-generation K2 in late May with a range of customers in industries including financial services, healthcare, digital advertising, federal and education;

Dani Golan, founder and CEO of Kaminario, said: “Our funding is a strong endorsement for our mission of making flash storage accessible and affordable for every enterprise. With its unmatched cost-efficiency and the unique scalability of its architecture, K2 will continue to revolutionize the all-flash array market.”

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