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Exablox gets $22M to tackle your multi-terabyte storage problem

Originally posted on VentureBeat:

exablox

Today, almost every mid to large-size company is grappling with storing massive amounts of data cheaply.

This has led to a resurgence in interest in the once-stodgy enterprise data storage market. Exablox, a stealthy startup that just raised $22 million in a highly-oversubscribed funding round, is one of the hot startups in this space.

“Nearly every company has a multi-terabyte storage problem,” said Doug Brockett, the company’s CEO in an interview.

The Mountain View, Calif. based company has been heads down for two years developing its cloud-based solution to securely store unstructured data — texts, emails, documents and so on. The founding team is currently working with a small number of customers and partners to better understand their pain-points. The founders claim the suite of current suite of products are often tricky for IT departments to install and manage, and do not adequately protect sensitive data.

According to the founding team…

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A financial analyst by profession with a focus on value investing. Likes Benjamin Graham's investing style

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