Enterprise storage company SwiftStack has raised $6.1 million in Series A funding led by Mayfield Fund with additional participation from Storm Ventures and UMC Capital. This brings the company’s total funding to $7.6 million
SwiftStack is building a software-defined storage solution specifically for object storage. The platform decouples the management from the underlying storage infrastructure, enabling customers to build pools of storage on hardware. As a result, the company says the storage system helps organizations with considerable amounts of data simplify operations to reduce overall operational costs.
What this means is that application developers and operations teams can attempt to bring the flexibility and scalability of the public cloud inside their own data center. CEO Joe Arnold explains that more applications can also be supported using SwiftStack’s platform.
Navin Chaddha, managing director of Mayfield Fund, explains the power of SwiftStack’s strorage-defined solution: “With SwiftStack, application developers and operations teams can leverage the power of the public cloud storage inside their own data center, kind of like Amazon S3-in-a-box.”
The funding will be used for expansion of the company’s sales team, operations and product development.