Model9

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 $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. Model9 serves critical sectors including financial institutions, government agencies, and transportation companies, operating within the Business Software sector, with a focus on IT, R&D & Data Solutions, Data Architecture, and Data Analysis & Decision Support.

Strategic signal

In April 2023, Model9 was acquired by BMC Software. This acquisition signals a strategic consolidation within the mainframe modernization and cloud data management market, indicating that Model9's patented technology for integrating mainframe data with cloud platforms is a valuable asset for larger enterprise software providers looking to enhance their offerings and address the digital transformation needs of their clients.

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 solutions into a larger enterprise software portfolio.

When was Model9 founded and by whom?

Model9 was founded in August 2015 by Adi Pundak-Mintz, Motti Tal, and Gil Peleg.

What was Model9's total capital raised prior to acquisition?

Model9 raised a total of $13.75 million across 3 funding rounds before its acquisition in April 2023.