Today SoftIron, which creates top storage solutions for modern-day enterprises, has announced securing €31.4 million Series B equity funding from its existing investor base. SoftIron will use the funding to expand its presence to the Asia Pacific, as well as continue growing in Europe and North America.
SoftIron, founded in 2012, creates scale-out data centre solutions, improving metrics like density, efficiency, capacity, speed and heat emission. Co-founders Phil Straw, Mark Chen and Norman Fraser set out to disrupt the storage sector and challenge legacy storage vendor solutions with their HyperDrive storage options, and has since expanded its offering to address the full spectrum of data centre requirements, most recently with the addition of its HyperSwitch product. Because SoftIron has complete, end-to-end ownership of the entire design and manufacturing process, it is the only vendor able to claim auditable provenance on its products, meaning 100% complete transparency on the integrity of its hardware and software.
Phil Straw, CEO of SoftIron, commented: “We are no longer just building a storage appliance; we are offering a coherent end-to-end solution that I believe will revolutionize the enterprise data centre. Coupled with our auditable hardware and “Secure Provenance” promise, we are well-positioned to take our business to the next level.”
Harry Richardson, Chief Scientist at SoftIron, commented: “Now to be able to bring the result to market at scale is a tremendous validation for the team and for our vision to deliver purpose-built hardware that maximizes the flexibility and power of open-source software-defined solutions. We’ve got some truly great things in store for organizations looking to leverage open source and transition their mission-critical computing away from proprietary vendor lock-in.”
SoftIron will use the newly raised funds to expand its presence across North America, Europe, and the Asia Pacific region, as well as boost its marketing, sales and support teams. In addition, the funding will strengthen engineering initiatives to build its portfolio of data centre appliances, based on leading open source software solutions.