New Start-Up Dey Storage Systems Got $3 Million in Funding
From people including storage stars John Thompson and Steve Luczo
This is a Press Release edited by StorageNewsletter.com on August 13, 2012 at 2:56 pmWith $3 million in funding raised, DEY Storage Systems, Inc. is continuing plans to pioneer data center storage management software.
Participants in the Series Seed financing include storage and technology industry leaders John Thompson, CEO Virtual Instruments; Steven Luczo, CEO Seagate; Jim Davidson, co-founder and managing partner, Silver Lake; and Terry Garnett, managing director Garnett Helfrich Capital.
The San Mateo, CA-based company formed to provide storage solutions using a more ‘open’ software-delivered model. The software will enable large data center customers to buy high performance storage at lower costs using standard hardware, similar to the storage purchase methods used by Google, Amazon and Facebook.
"DEY is unbundling storage management from the physical layer to provide customers with a storage system which is massively scalable and designed to align and integrate with their services-based infrastructures," says co-founder and CEO Jason Yoho. "The bottom line is that traditional storage does not meet the technical, operational or financial requirements in an increasingly virtualized and cloud-based world."
"DEY’s technology is being built for the most demanding data center customers," says Garrett D’Amore, co-founder and VP of engineering for DEY, and founder of the illumos.org open source project. "DEY technology places no limits on storage, giving customers a variety of choices that meet their data, performance and capacity requirements while optimizing their per dollar investment."
"Richard Elling’s vision, DEY co-founder and CTO, is to bring large-scale systems design, management and analysis techniques to solve the difficult problems facing customers as they scale storage systems," says Steven Luczo, president and CEO of Seagate. "His innovative ideas will strengthen the bonds between architecture, development and operations."
"We’ve brought together the team and the vision to address this huge opportunity in the software-delivered storage market," says Yoho. "DEY is rapidly developing its product, and has a number of leading companies signed up for early beta deployments."
Comments
The team of new private investors into the open storage management software start-up is really impressive.
You have John Thompson, current CEO of Virtual Instruments and former chairman and CEO of Symantec.
Second one is Steve Luczo, actually president, chairman and CEO of Seagate.
Third one, Jim Davidson, is co-founder and managing partner of Silver Lake. He serves on the board of Flextronics International and Virtual Instruments, and was previously a director of Seagate , Avago Technologies, and Skype.
Last one is Terry Garnett, MD at Garnett Helfrich Capital. From 1990 to 1994, he worked with Oracle reporting to CEO Larry Ellison as SVP WW marketing and business development.
All of the three main executives and co-founders of Dey Storage Systems come from Nexenta Systems.
They are:
- Jason Yoho, CEO, was the VP of business development at Nexenta and CEO of Quail Technologies, formerly spending five years at Sun where his team was responsible for building managed services within global service provider customers.
- Richard Elling, CTO, also came from Nexenta where he was senior director of solutions engineering, and from Sun where he worked for 16 years and was chief architect of integrated systems engineering and was awarded the Sun WorldWide Systems Engineer of the Year, being an early adopter of ZFS.
- Garrett D'Amore, VP engineering, was senior director of engineering for platform software at Nexenta and he is also the founder and technical lead for the illumos open source OS project.
What is preparing the Californian start-up in stealth mode and founded in January 2012? Difficult to know. It stated only on its web site: "Dey Storage Systems, Inc. provides innovative software-delivered storage solutions. Our software virtualizes storage by unbundling storage management from the physical layer, enabling customers to design and operate dynamic storage platforms supporting their services-based infrastructures."
But according press release, it seems to be a new file system, probably based on ZFS or illumos, to build huge virtualized storage silos based on low-cost standardized hardware "similar to the storage purchase methods used by Google, Amazon and Facebook."
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