Model9

Cloud Data Management for Mainframe Computer Environments

Business Software
Acquired (Inactive) by BMC Software on Apr 2023 - closed due to acquisition
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Company Overview

Snapshot

Founded in August 2015 by Adi Pundak-Mintz, Motti Tal, and Gil Peleg, Model9 operates with 1–10 employees. The company raised a total of $13.75 million across 3 funding rounds from 5 investors. In April 2023, Model9 was acquired by BMC Software.

Business overview

Model9 specializes in cloud data management for mainframe computer environments, aiming to accelerate digital transformation and cloud adoption in large enterprises. The company's patented technology facilitates the delivery of mainframe data to various cloud or on-premises storage platforms, eliminating the need for tape and virtual tape systems. This enables secure integration with advanced analytics tools, serving clients in financial institutions, government agencies, and transportation companies within the Business Software sector.

Strategic signal

The acquisition of Model9 by BMC Software in April 2023 signifies a strategic move by a major multinational software company to enhance its mainframe modernization capabilities. This event validates Model9's technology and market approach, indicating a strong demand for solutions that bridge legacy mainframe systems with modern cloud infrastructure. For investors, this highlights the value in specialized enterprise software that addresses complex data management challenges in established industries.

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Company Intelligence Q&A

What was a significant corporate milestone for Model9?
In April 2023, Model9 was acquired by BMC Software, marking a key exit for the company and integrating its cloud data management technology into a larger enterprise software portfolio.
Who founded Model9?
Model9 was founded by Adi Pundak-Mintz, Motti Tal, and Gil Peleg in August 2015.
What was Model9's last disclosed funding round?
In February 2020, Model9 raised a funding round with Intel Capital as a lead investor.
Which investors participated in Model9's Seed round?
In January 2018, Model9 secured Seed funding from GlenRock Group.
When did Model9 secure its Pre-Seed funding?
In January 2017, Model9 secured Pre-Seed funding with StageOne Ventures as a lead investor.
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