10 hot storage companies to watch
Innovations such as software-defined storage ( #SDS), #hyperconverged infrastructures ( #HCI), and #blockchain have investors flocking to enterprise storage startups, and this market shows no signs of slowing down. Collectively, the 10 startups featured in this roundup have raised more than $736 million in VC funding. This total is even more impressive when you factor in two startups not included in that calculation. One of them is entirely self-funded, while the other has a unique business model and an equally unique source of non-VC funding: an ICO, or Initial Coin Offering. @Dell EMC, @NetApp, @Nimble, @Pure Storage, @Veeam @Cohesity.
According to research firm IDC, the worldwide enterprise storage market expanded by 13.7 percent year over year to just under $13.6 billion in the fourth quarter of 2017. Other research firms believe the growth rate will accelerate in the near term. Research and Markets, for instance, predicts that one fast-growing segment of the overall enterprise storage market, cloud storage, will expand to become a $92.5 billion market by 2022.
The startups in this roundup are positioning themselves to ride that growth wave, offering everything from hybrid cloud storage with smart-tiered caching to platforms intended to deliver 100 percent uptime with zero data loss after a recovery event to a system designed in a way that could enable it to become the Airbnb of distributed storage.