Feeds

Miserly investors toss $11m at storage upstart Amplidata

For an E-round. You might as well go busking with a trumpet

Business security measures using SSL

Is this thin investment provisioning in action? Object storage startup Amplidata has had $11m chucked at it to grow the business – a relatively trifling amount.

Amplidata develops and sells the AmpliStor object storage product, which is OEMed as Lattus by Quantum. It uses a component of its StorNext multi-tier file virtualisation software and positions it as an alternative to tape.

We’re told Intel Capital led the round with participation from all existing investors, including Endeavor Vision, Hummingbird Ventures, Quantum, and Swisscom Ventures. That makes the average investment from all six less than $2m each. With backers like this, Amplidata could well think it's on a weight-loss diet.

This is the funding history so far:

  • 2008 - Amplidata founded with, we understand, $2.5m seed funding
  • May 2010 - A-round of $2.5m from Big Bang Ventures
  • September 2010 - B-round of $6m
  • February 2012 - C-round of $8m from Big Bang Ventures, Endeavour Vision, Intel Capital and Swisscom
  • September 2012 - D-round of $6m from Quantum and Intel Capital, Swisscom Ventures, Hummingbird Ventures and Endeavour Vision
  • March 2014 - $11m E-round
Amplidata funding

Amplidata funding history

That makes Amplidata's total funding $36m. The latest infusion will be used “to drive the next phase of growth by expanding its sales and marketing initiatives and investments in its research and development team to further advance true cloud-scale storage economics.”

Competitor Cleversafe picked up $55m in D-round funding in August last year. Fellow upstart Scality received $22m in a C-round in June 2013.

Both payments make Amplidata look relatively under-funded and indicate it’s growing more slowly than its main competitors with investors loath to fund it more generously. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.