Country for PR: United States
Contributor: PR Newswire New York
Wednesday, March 25 2020 - 19:00
AsiaNet
SoftIron Raises $34M in Series B Funding for Global Expansion of Purpose-Built Enterprise Data Center Appliance Business
LONDON, March 25, 2020 /PRNewswire-AsiaNet/ --

-- New Capital to Accelerate SoftIron's Global Expansion, Support Product 
Engineering, Fortify Leadership and Expand Sales Channels

SoftIron Ltd., the leader in purpose-built and performance-optimized data 
center appliances, announced today that it has secured $34 million in Series B 
equity funding from its existing investors. SoftIron will use the funding to 
expand its presence across North America, Europe, and the APAC region with 
planned growth in sales, product marketing, and support. In addition, the 
funding will strengthen engineering initiatives to build its portfolio of data 
center appliances based on leading open source software solutions.

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Logo - https://mma.prnewswire.com/media/557880/SoftIron_Logo.jpg 

SoftIron(R) creates task-specific appliances for scale-out data center 
solutions, delivering industry-leading performance across metrics including 
density, efficiency, capacity, speed and heat emission. Its hardware is 
designed, developed and assembled in California and is purpose-built to 
optimize the performance of best-in-class open-source software for today's 
hyper-scale and SMB data centers. Co-founders Phil Straw, Mark Chen and Norman 
Fraser set out to disrupt the storage sector and challenge legacy storage 
vendor solutions with their HyperDrive(R) software-defined storage portfolio, 
which was custom built to deliver optimal Ceph performance. The company has 
since expanded its offering to address the full spectrum of data center 
requirements, most recently with the addition of HyperSwitch(TM), a 
next-generation top-of-rack switch built to maximize the performance and 
flexibility of SONiC. Because SoftIron has complete, end-to-end ownership of 
the entire design and manufacturing process, it is the only vendor able to 
claim auditable provenance on its products, meaning 100% complete transparency 
on the integrity of its hardware and software.

"What's most exciting for us is the realisation of our original vision 
holistically to address the needs of every aspect of today's data center," said 
Phil Straw, CEO of SoftIron. "We had nothing to lose when we started out, so we 
did the unthinkable and built our appliances from scratch to address what we 
saw as the new normal: a flexible, adaptable, open-source based, 
software-defined data center. I'm proud to say we are now well on our way to 
being a full spectrum computer company. We are no longer just building a 
storage appliance; we are offering a coherent end-to-end solution that I 
believe will revolutionize the enterprise data center. Coupled with our 
auditable hardware and "Secure Provenance" promise, we are well-positioned to 
take our business to the next level."

"We've spent the last few years flying under the radar, honing our vision and 
working hard to deliver it through genuine, cutting-edge technological wins," 
said Harry Richardson, Chief Scientist at SoftIron. "Now to be able to bring 
the result to market at scale is a tremendous validation for the team and for 
our vision to deliver purpose-built hardware that maximizes the flexibility and 
power of open-source software-defined solutions. We've got some truly great 
things in store for organizations looking to leverage open source and 
transition their mission-critical computing away from proprietary vendor 
lock-in."

Recently, SoftIron announced the introduction of HyperSwitch(TM), a line of 
next-generation top-of-rack network switches built to maximize the performance 
and flexibility of SONiC (Software for Open Networking in the Cloud), an 
open-source network operating system developed by Microsoft for scale-out 
performance networking. 

About SoftIron(R)

SoftIron(R) is the world-leader in task-specific appliances for scale-out data 
center solutions. Their superior, purpose-built hardware is designed, developed 
and assembled in California, and they are the only manufacturer to offer 
auditable provenance. SoftIron's HyperDrive(R) software-defined, enterprise 
storage portfolio runs at wire-speed and is custom-designed to optimize Ceph. 
HyperSwitch(TM) is their line of next-generation, top-of-rack switches built to 
maximize the performance and flexibility of SONiC. HyperCast(TM) is their 
high-density, concurrent 4K transcoding solution, for multi-screen, 
multi-format delivery. SoftIron unlocks greater business value for enterprises 
by delivering best-in-class products, free from software and hardware lock-in. 
For more information visit www.SoftIron.com.


SOURCE:SoftIron


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