Datrium takes $60m D-round as it tries to distance self from cutthroat HCI scene
Ya, we're in the hybrid cloud, data management game now
Near-hyperconverged system startup Datrium has gained $60m in D-round funding.
The round was led by Samsung Catalyst Fund, with participation from Icon Ventures, and existing investors NEA and Lightspeed Venture Partners. Michael Mullany of Icon Ventures will join the Datrium Board.
The company was founded in 2012 with a $10m A-round. This was quickly followed by a $40m B-round later that year, and then with a $55m C-round in 2016. Total funding is now $165m. Datrium took the midway between converged and hyperconverged systems with hyperconverged nodes running storage controller software which linked them to a shared storage box.
Datrium said storage and compute could scale separately and claimed performance advantages. However, this did not stop the HCI market rapidly consolidating around two leading suppliers – Dell EMC and Nutanix.
Datrium hired a new CEO, Tim Page, in July and the company has a focus on replacing what it calls tired old VxBlock converged systems. It's now trying to separate itself from the HCI herd.
Page said the fresh funding would help Datrium expand its technical and geographical momentum: "Enterprises globally have the same problems in simplifying compute and data management across on-prem and cloud. Where SANs don't even have a path to cloud, traditional HCI has too many tradeoffs for core data centres – backup requires separate purchasing and administration, and cloud DR automation is seldom guaranteed. Larger enterprises are realising that Datrium software offers them a simpler path."
The company recently announced Cloud DVX, claiming it offered 2-10x lower AWS costs for cloud backup, and CloudShift, DR orchestration for on-premises and cloud for Datrium's single data stack, enabling guarantees of DR readiness and instant-RTO workload restarts on-prem.
Datrium said more than 30 per cent of new Datrium customers had adopted the company's Cloud DVX in the first three months of availability.
It doesn’t say how many such customers there were, nor how many existing customers adopted Cloud DVX, and the adoption claim smacks of somebody trying hard to find something positive to say.
With $60m in the bank it now has the time to build up its sales channel and get Cloud DVX adopted more widely. ®