USA – Infinidat, a Waltham, Mass.-based provider of multi-petabyte data storage solutions, secured an additional investment round of undisclosed amount.
Backers included TPG Growth, Goldman Sachs, Claridge, Ion Investors and Moshe Yanai, founder of Infinidat. The funding will be used to build on new initiatives, such as the increasing demand for flexible consumption models in the market, strengthening the company’s growth plans and enabling it to build further on its industry leadership position. It will also be used for technical research and product development. Infinidat also appointed Boaz Chalamish, as its Executive Chairman. Chalamish has over 30 years of extensive experience in senior leadership positions, notably VMware, Hewlett-Packard, Mercury and most recently, he was CEO at Clarizen. He has led large-scale enterprises with continued year-on-year growth as well as fostering new revenue streams. Infinidat has also announced a series of promotions within its executive management team — Catherine Vlaeminck is promoted to VP Worldwide Marketing; Dan Shprung becomes EVP, EMEA and APJ; Steve Sullivan is now EVP, Americas. Founded in 2011 by Yanai, Infinidat provides data storage solutions designed to manage demanding workloads. The company has shipped over 6 Exabytes worldwide with 1 Exabyte shipped in the last six months. 11/06/2020
