by Angela Guess
According to a recent press release, “Primary Data, creator of the world’s first enterprise metadata engine, today announced that it has raised a total of $40 million USD in its second round of funding to support continued sales growth in tandem with the 2.0 release of its DataSphere software platform for intelligent and automated data management at petabyte scale. The funding includes a $20 million investment with participation from Pelion Venture Partners, Accel, Battery Ventures, and strategic investors from prior rounds, as well as a $20 million line of credit to support sales acceleration amidst the new product release and new industry partnerships.”
The release goes on, “To bring machine learning into data management, DataSphere collects metadata of a client’s data access and how it experiences the IOPS, latency, bandwidth and availability provided by storage. Intelligent analytics are then applied against the metadata, enabling DataSphere to match business requirements for performance, cost and reliability, make real-time automated decisions, move data without application disruption to overcome or prevent outages, and maintain compliance of service level agreements or objectives. The ability to automatically manage data by objectives enables enterprises to maximize the value of existing infrastructure and easily integrate with the cloud to achieve unprecedented improvements in performance, efficiency and scalability. DataSphere’s global namespace makes different storage systems simultaneously available to applications, operating out of band and without application interruption. This delivers unprecedented control and integration across flash, NAS and cloud storage systems.”
Read more at Globe Newswire.
Photo credit: Primary Data