Exablox Raises $22M to Transform Enterprise Storage with Cloud-Managed Innovation
Enterprise storage disruptor Exablox has secured $22 million in Series B funding from prominent investors including DCM, Norwest Venture Partners (NVP), and US Venture Partners. The investment signals strong confidence in the company’s mission to simplify and secure business data storage.
Addressing Critical Storage Pain Points
Founded in 2010 and recently emerged from stealth mode, Exablox targets four key challenges plaguing enterprise storage:
- Skyrocketing costs of traditional solutions
- Overly complex installation processes
- Cumbersome management requirements
- Inadequate data protection measures
“Businesses are tired of expensive, Frankenstein storage systems loaded with bolt-on technologies,” explained CEO Douglas Brockett. “We’ve developed a third-generation file system approach specifically designed for mid-market needs.”
Industry Veterans Driving Innovation
The Exablox team brings deep expertise from leading tech companies including:
- Data Domain
- Veritas
- NetApp
- Bell Labs
- GreenPlum
Their solution delivers cloud-managed, scale-out storage optimized for unstructured data - one of the fastest-growing segments in enterprise IT.
Market Potential and Investor Confidence
Matthew Howard of Norwest Venture Partners highlighted why Exablox stands out:
“With the NAS storage market projected to exceed $12 billion by 2016, we’ve evaluated numerous opportunities. Exablox’s differentiated approach to unstructured data management shows real traction with both customers and partners.”
Funding Allocation and Future Growth
The $22 million investment will accelerate:
- Product development to enhance storage capabilities
- Strategic partnerships to expand market reach
- Team growth to support scaling operations
As enterprises grapple with exponential data growth, Exablox’s simplified, secure approach positions it as a potential game-changer in the storage sector.
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