Storwize
Data Storage Optimization with Real-time Data Compression
Company Overview
Snapshot
Founded in January 2004 by Jonathan Amit and Gal Naor, Storwize operated with 51–200 employees. The company raised $30,000,000 across 3 funding rounds before being acquired by IBM in June 2010.
Business overview
Storwize specializes in providing real-time data compression solutions designed to enhance storage space within network storage environments. The company's core technology involves appliances that integrate between an organization's storage arrays and its network, aiming to significantly increase capacity by 2-5 times. This approach generates associated savings in capital, operational, maintenance, and management resources. Storwize serves enterprises across various vertical markets, with solutions successfully tested for interoperability with major storage vendors like EMC and NetApp, operating within the Business Software sector.
Strategic signal
Storwize's acquisition by IBM in June 2010 highlights the strategic importance of real-time data compression technology in the enterprise storage market. This event signaled a consolidation trend where major technology players sought to integrate advanced data optimization capabilities to enhance their storage offerings and address growing data management challenges for their clients.
Log in to access full profile ›Company Intelligence Q&A
- When was Storwize acquired and by whom?
- Storwize was acquired by IBM in June 2010.
- What was Storwize's total capital raised before acquisition?
- Storwize raised a total of $30,000,000 across 3 funding rounds, including a $19,000,000 round in April 2008.
- Which investors participated in Storwize's April 2008 funding round?
- In April 2008, Storwize received investment from Bessemer Venture Partners, Lehman Brothers, and Sequoia Capital.
- Which investors participated in Storwize's June 2007 funding round?
- In June 2007, Storwize received investment from Sequoia Capital and Maverick Ventures IsraeI.
- What is Storwize's primary business focus?
- Storwize focuses on data storage optimization through real-time data compression solutions, aiming to boost storage capacity and reduce associated costs for network storage environments.