All Financial Rounds of Funding of Storage Start-Ups Since 2000

We have collected all financial rounds of funding raised since 2003 when known.

But there was several others before that, the first one apparently being raised by Memorex, born in 1961 and, at this time, in tape and HDD IBM compatible subsystems and later, in 1965, being public through probably the first IPO in the storage industry, and then acquired by Burroughs in 1982.

1,532 rounds were recorded from 2000 to 2023 with a record of 93 in 2013 and then generally decreasing with 38 in 2022. For 2023, the figure is only 20 up to now.

≠ of financial rounds since 2000 in storage industry

(Source: StorageNewsletter.com)

Note that we also record the total investment when it was announced but, for some start-ups, we got only the figure for one or more rounds.

Historical records in total financial funding in $ million
(more than $300 million)
Databricks 4,200 (new one in 2023)
Dropbox 1,700
Cloudera 1,041
Cohesity 660
Kaseya 567.4
Box 554.5
Pillar Data 544
Rubrik 553
Wasabi 534.1
Pure Storage 531
Own Company 507.3
Twist Bioscience 503.1
Veeam 500
DigitalOcean 491.3
Druva 475
Dremio 421.5
Acronis 408
Vast Data 381
Nutanix 370.3
Actifio 352.5
Qumulo 351
Infinidat 325
Fungible 319.9
(Source: StorageNewsletter.com)

Largest financial round in 2023 in $ million
Databricks 684.6
(Source: StorageNewsletter.com)

18 financial rounds in 2023

Companies (HQs)	Born in	2003 funding	Total Funding	Business
Alcion (Santa Clara, CA)	2022	21	29	AI-driven BaaS platform for Microsoft 365
Arpio (Durham, NC)	2018	8.2	8.2	cloud DR for AWS
Astran (Paris, France)	2021	5	7.3	software that unlocks cloud adoption without compromising data confidentiality, security, and compliance
Cloudian (San Mateo, CA)	2011	60	233	hybrid cloud storage platform; formerly Gemini Mobile Technologies; acquired Infinity Storage in 2018
Cumulus Encrypted Storage System (Manchester, UK)	2019	8	8	blockchain-powered decentralized storage and CDN infrastructure for Web3
Databricks (San Francisco, CA)	2013	684.6	4,200	cloud data platform that interacts with corporate information stored in the public cloud
Evonetix (Essex, UK)	2015	25.4	68.1	DNA for storage; Cambridge Consultants spin-out
FilSwan (Toronto, Canada)	2021	3	3	storage and computing infrastructure layer for Web3
Floadia (Tokyo, Japan)	2011	7	33.28	embedded flash memory IP cores
Genomika (Kaunas, Kauno Apskritis, Lithuania)	2019	5	5	DNA storage technologies
Hammerspace (San Mateo, CA)	2018	56.7	56.7	SaaS to simplify availability and control of unstructured data across hybrid cloud
Impossible Cloud (Hamburg, Germany)	2021	10.9	10.9	cloud storage solution, which bridge gap between traditional and web3 businesses
Inspeere (Poitiers, France)	2019	0.6	0.6	blockchain-based backup solution
Intrinsic Semiconductor Technologies (London, UK)	2017	8.5	9.9	memristive RRAM devices, UCL spinout company
Komprise (Campbell, CA)	2014	37	85	software using analytics-driven adaptive automation to manage massive data growth transparently across all storage silos
LucidLink (San Francisco, CA)	2016	75	90	cloud backed distributed file service
Panmesia (Daejeon, Korea)	2022	12.5	12.5	fabless semiconductor company focused on CXL
UltiHash (San Francisco, CA)	2022		2.5	high-performance and sustainable storage solution
Vast Data (New York City, NY)	2016	118	381	Universal Storage Architecture with flash memory to bring end to enterprise HDD and storage tiering area; also in Israel
Volumez (Santa Clara, CA)	2020	20	20	SaaS composable data infrastructure; also in Israel
Weebit Nano (Hod Hasharon, Israel)	2015	40	106.3	in semiconductor memory elements to become faster, more reliable energy efficient and cost effective NVM

Venture Capitalists invested $1.3 billion in 17 storage startups in 2023