Congratulations to Poojan Kumar, Satyam Vaghani and the rest of the PernixData team for raising a great Series B round led by Kleiner Perkins.
At Lightspeed, we are very proud of what the team has achieved in short 15 months since inception. As the founding investor board member I have witnessed first hand an enterprise innovation at Instagram speed. PernixData’s innovative Flash Virtualization Platform (FVP) disrupts the storage market by enabling virtualized datacenters to take advantage of decoupled storage performance from raw capacity. With PernixData’s FVP, companies no longer need to purchase capacity from storage vendors when they need performance. This radical design promises to not only solve the storage performance problem, but also ensures that enterprises can scale out their performance as easily as they scale their compute and memory, without any need to change applications or storage infrastructure.
With more than 30 employees and growing, PernixData has over 50 customers in its beta program globally and is preparing for a public release of the product in the next few months. We believe that customers and partners have been waiting for a solution such as FVP, which positions PernixData to capitalize on a huge opportunity in the enterprise storage market.
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