Model9

Company Overview

Snapshot

Founded in August 2015 by Adi Pundak-Mintz, Motti Tal, and Gil Peleg, Model9 operated with 1–10 employees. The company raised $13.75M across three funding rounds from five investors. A significant milestone was its acquisition by BMC Software in April 2023.

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. This enables secure integration with advanced analytics tools. Model9 serves financial institutions, government agencies, and transportation companies, operating within the Business Software sector, focusing on data architecture, data analysis, and decision support.

Strategic signal

Model9's acquisition by BMC Software in April 2023 signals a strategic consolidation within the mainframe data management market. This move by a major enterprise software provider like BMC indicates a growing demand for modernizing legacy systems and integrating mainframe data with cloud technologies, validating Model9's approach and technology as a key enabler for digital transformation in large organizations.

Company Intelligence Q&A

When was Model9 acquired?

Model9 was acquired by BMC Software in April 2023.

What was Model9's last disclosed funding round?

In February 2020, Model9 raised $9M in a funding round led by Intel Capital, with participation from.

Which investors participated in Model9's February 2020 funding round?

The February 2020 funding round saw participation from Intel Capital.

When did Model9 raise its Seed round?

Model9 secured a Seed funding round in January 2018, with investment from GlenRock Group.

When was Model9 founded and by whom?

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