Excelero receives strategic investment from Western Digital
This investment represents the fourth strategic player to invest in Excelero, including Micron and Qualcomm, and brings the total VC funds invested in Excelero to $35 million. Excelero will use the funds to accelerate its go-to-market activities worldwide.
‘Excelero has developed a software-defined block storage solution designed to redefine storage for web-scale applications. The company is addressing an important and growing challenge associated with traditional architectures and we are pleased to support their efforts,’ said Mark Long, president, Western Digital Capital.
‘Western Digital is committed to providing a variety of options to customers to solve the increasing challenge of managing AI, real-time analytics and other Fast Data applications. Our new OpenFlexTM architecture and products allow for the independent scaling of compute, storage and network resources, with orchestration and management enabled through an open API. We look forward to working with Excelero to integrate and advance our technologies to create even more powerful solutions for customers in data-centric businesses’ added Long.
‘Analytics, machine learning, advanced visualisation and AI are driving organisations to embrace new scale-out IT architectures, and they can’t do it with traditional storage architectures,’ said Lior Gal, CEO and co-founder of Excelero. ‘We’re honoured to receive this strategic funding from Western Digital Capital and to embark on a technical collaboration with Western Digital. We look forward to accelerating our go-to-market efforts together as we drive innovation in data centre technologies.’