Western Digital invests in flash storage startup Kaminario

By 10/10/2018June 4th, 2021No Comments

Western Digital Capital, the strategic investment arm of California-based computer data storage company Western Digital Corp., led a $25 million investment in Israeli flash storage company Kaminario Inc., Kaminario CEO Dani Golan told Calcalist Wednesday.

Founded in 2008 by Golan, Kaminario develops and markets all-flash storage arrays for databases, data mining, business intelligence, and web applications. In early 2017, Kaminario completed a $75 million funding round from investors including Sequoia Capital and Israel-based Pitango Venture Capital. To date, the company raised a total of $245 million, according to Pitchbook data.

 In a Tuesday statement, Kaminario reported that during the third quarter of 2018, it managed to reach positive cash flow for the first time. Kaminario also reported a 55% growth in its software business during the first nine months of 2018, compared with the same period in 2017.