ScaleIO

Company Overview

Snapshot

Founded in March 2011 by Boaz Palgi, ScaleIO operated with 51–200 employees. The company raised $12 million across one funding round from two investors. ScaleIO was acquired by Dell EMC in June 2013.

Business overview

ScaleIO developed elastic converged storage solutions, with its flagship ECS product designed to reduce data center storage costs by streamlining operations. The company built information infrastructures and virtual infrastructures, providing solutions in areas such as backup and recovery, enterprise content management, unified storage, big data, enterprise storage, data federation, archiving, security, and de-duplication. ScaleIO served global markets, enabling customers to adopt and trust next-generation information management and facilitate IT as a service for cloud computing journeys within the Business Software sector.

Strategic signal

In June 2013, ScaleIO was acquired by Dell EMC, a significant exit that validated its innovative approach to elastic converged storage solutions. This acquisition by a major industry player like Dell EMC underscored the strategic importance of ScaleIO's technology in addressing enterprise data storage challenges and signaled a consolidation trend in the storage market.

Company Intelligence Q&A

When was ScaleIO founded?

ScaleIO was founded in March 2011.

Who was a co-founder of ScaleIO?

Boaz Palgi was a co-founder of ScaleIO.

What was a key funding event for ScaleIO?

In December 2012, ScaleIO raised $12 million in a funding round from investors including Greylock and Norwest Venture Partners.

What is ScaleIO's primary business focus?

ScaleIO specializes in elastic converged storage solutions, aiming to reduce data center storage costs and streamline operations for businesses globally.