StarWind Software Secures $3.25M funding from several venture companies
StarWind Software Inc., a leading provider of software defined storage for Hyper-V environments, today announced a $3.25M Series B round of venture capital financing. The round was led by Almaz Capital, with participation from ABRT Venture, and AVentures Capital. Alexander (Sasha) Galitsky, a general partner at Almaz Capital, will join the company’s board.
Microsoft’s Hyper-V is emerging as the leading virtualization platform for SMBs, with growth similar to that of VMware’s ESX in enterprise space last decade. The funding will enable StarWind to capitalize on its leading position in the growing Hyper-V market.
“Sales of StarWind VSAN for Hyper-V have been growing over 100% a year, because the product is simpler to use, more affordable to deploy, and provides compelling value for companies large and small by eliminating the need for hardware components and specialized administrative support,”, Galitsky explained. “This is a large business opportunity where the founders are uniquely equipped to address what has until now been a prohibitive problem, in particular for small and medium-sized enterprises.”
StarWind’s founders, Artem Berman and Anton Kolomyeytsev, have been developing proprietary technology on the frontier of iSCSI SAN since 2003. With its upcoming release StarWind SAN will become the first solution running on Windows platform that creates clusters of multiple hypervisor hosts without separate physical shared storage.
Added Veeam Software CEO and ABRT Partner Ratmir Timashev who led the Series A investment, “StarWind offers a great value proposition for Windows Server administrators who are virtualizing on Hyper-V platform. It provides business continuity without requiring expensive proprietary hardware and added IT staff.”