Eleven Financial Rounds at Mid-Range 2024 in WW Storage Industry

We have collected all financial rounds of funding raised since 2003 when known by storage start-ups.

From January to June 2024, they were 11 compared to 25 in total year 2023. But the figure could be not far in 2024 year as they were already around half a dozen this month.

The highest amount at mid-range 2024 was Cohesity series F with $150 million with IBM, followed by Weka.IO with $140 million.

1,532 rounds were recorded from 2000 to 2023 with a record of 93 in 2013 and then generally decreasing with 38 in 2022.

Company	Web – born in		Total funding	Business
Avaneidi (Saronno, (Italy)	avaneidi.com		8.6	security enterprise storage systems; raised $8.6 million in 2024 series A
Clumio (Santa Clara, CA)	clumio.com	2017	261	SaaS for enterprise backup; $51 million in 2 rounds in 2019, and $135 million same year in series C; $75 million in series D funding in 2024
Cohesity (San Jose, CA)	cohesity.com	2013	805	web-scale, converged storage to unify backup, DevOps, and analytics; IPO proposed in 2021: series F $150 million in 2024 with IBM
Datafy (Tel-Aviv, Israel)	datafy.io	2023	6	product focusing on Elastic Block Store on the AWS cloud, to simplify cloud storage management by auto-scaling storage usage to ensure optimum management at low cost; $6 million seed round in 2024
Frore Systems (San Jose, CA)	froresystems.com	2018	196	AirJet thermal solutions for solid-state active cooling; manufacturing facility in Taiwan; raised $80 million in 2024
Hive (Cannes, France)	hivenet.com	2022	19.5	distributed storage and computing platform; $13 million raised in 2024
Keepit (Copenhagen, Denmark)	keepit.com	2007	70	backup-as-a-service provider; also in Lviv, Ukraine; raised $40 million in 2024
QiStor (CA)	qistor.com	2021	NA	hardware acceleration for key-value data store access; pre-seed funding in 2024
Simplyblock (Berlin, Germany)	simplyblock.io	2022	2.75	high performance cloud storage; $2.75 million seed funding round in 2024
Vawlt (Lisbon, Portugal)	vawlt.io	2019	2.1	data management, $1.1 million raised in 2024
Weka.IO (San Jose, CA)	weka.io	2014	390.1	SDS scales storage to hundreds of petabytes, tens of millions of IO/s, sub milliseconds latency; also engineering in Tel Aviv, Israel; $2 million investment from Western Digital Capital in 2019 included; $73 and $135 million in 2020; $140 million raised in 2024