Big data management and storage solutions company
Iguaz.io has received a $15 million investment. Iguaz.io, which has headquarters in Herzliya, Israel, bills itself as a “stealthy start-up with an innovative approach to data management addressing the unique challenges of Big Data applications”. Alongside Big Data the company’s offerings extend to IoT solutions and cloud applications. Its Series A funding was led by “Israel's leading venture capital firm” Magma Venture Partners with additional investments from Jerusalem Venture Partners (JVP) and other key investors. The investment will be used to extend the company’s team.
iguaz.io helps cloud operators design and deploy hyper-scale data centers. The company has been in operation for over past two decades and was established by former executives from a number of technology companies that have operated in storage, cloud computing, high-speed networking, analytics and cyber-security. These include XtremIO, which was bought by EMC; XIV, which was bought by IBM; Voltaire, which was bought by Mellanox; and Radvision, which was bought by Avaya.
“Enterprise customers have been sharing their pain points and challenges with us as they try to adopt Big Data and predictive analytics in their business,” explained iguaz.io’s CEO and co-founder Asaf Somekh. “We designed our solution from the ground up to address these challenges and allow our customers to focus on their applications and business.”
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