Excelero Storage

Company Overview

Snapshot

Founded in September 2014 by Yaniv Romem, Omri Mann, and Ofer Oshri, Excelero Storage operated with 11–50 employees. The company raised $30.5 million across 4 funding rounds from 9 investors, including Qualcomm Ventures. Excelero Storage was acquired by Nvidia in March 2022.

Business overview

Excelero Storage developed a software-defined block storage solution designed to meet the performance and scalability demands of large web-scale and enterprise applications. Its core product, NVMesh, enabled customers to construct a distributed, high-performance server SAN for diverse application workloads, providing the benefits of local flash performance with centralized storage convenience. This technology served markets requiring high-performance computing, such as hyper-scale industrial IoT services, machine learning applications, and massive-scale simulation visualization, operating within the Business Software sector, specifically in Data Architecture and Data Storage.

Strategic signal

The acquisition of Excelero Storage by Nvidia in March 2022 for an estimated $35 million represents a significant strategic move within the high-performance computing and AI infrastructure market. This acquisition signals Nvidia's commitment to integrating advanced software-defined storage capabilities directly into its ecosystem, enhancing its offerings for AI, machine learning, and analytics workloads. For investors, this indicates a strong validation of Excelero's technology and a consolidation trend in the data center and storage solutions space, where specialized software is increasingly critical for optimizing hardware performance.

Company Intelligence Q&A

What was the most significant recent corporate event for Excelero Storage?

In March 2022, Excelero Storage was acquired by Nvidia. This acquisition was estimated to be around $35 million, and Excelero's 30 employees joined Nvidia.

What was Excelero Storage's total capital raised before its acquisition?

Excelero Storage raised a total of $30.5 million across 4 funding rounds from 9 investors before its acquisition by Nvidia in March 2022.

Which investors participated in Excelero Storage's November 2017 funding round?

In November 2017, Excelero Storage received investment from Qualcomm Ventures and Battery Ventures.

What was a key partnership for Excelero Storage in 2019?

In November 2019, Excelero partnered with Boston Limited to deploy a new high-performance computing (HPC) architecture for the Science and Technology Facilities Council (STFC). This architecture utilized Excelero's NVMesh elastic NVMe block storage solution to accelerate machine learning tasks.

When did Excelero Storage launch its NVMesh Server SAN software?

In March 2017, Excelero Storage launched from stealth with version 1.1 of its NVMesh Server SAN software, designed to enable enterprises to deploy next-generation data centers.