Needham-based Kaminario Collects $75 Million in Fundraising Round

NEEDHAM, MA — Investors are backing Needham-based Kaminario with $75 million in financing.

The all-flash storage company recently announced that the new funding brings their total up to $218 million, with participating investors including Sequoia, Pitango, Lazarus, Silicon Valley Bank and Globespan Capital Partners. The new capital will be used to accelerate go-to-market initiatives, expand Kaminario’s global presence and fuel research and development.

“Our strong business growth, cutting-edge technology and the all-flash market opportunity make Kaminario very attractive to investors and partners alike,” said Dani Golan, founder and CEO, Kaminario in a statement. “The role of the data center is transforming as businesses continue to accelerate digital transformation and cloud adoption, and we are perfectly positioned to deliver agile storage solutions for today’s on-demand applications. This new funding will allow us to continue our global expansion and accelerate our innovation agenda to better serve our customers.”

Kaminario was founded in 2008 and sells solid state storage area network products made up of flash memory.

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