DataGravity Raises $50M for Intelligent Storage Appliance

DataGravity has raised $50 million in a series C investment led by Accel Partners. Total investments in DataGravity is now $92 million. The investment will go toward product development and go-to-market strategy

The company focuses not only on storage, doing something with that data. DataGravity offers what it calls a data-aware storage appliance. It is an early-stage company with the mission of turning data into information and making discovery simple to use.

It launched “data-aware storage platform” DataGravity Discovery Series earlier this year. The Discovery Series is storage appliance that integrates data protection, data governance, and search and discovery. It’s used to drive insights into data and streamline data management.

“The DataGravity vision of the direction ‘storage’ should be going is very compelling and exciting. It is grounded in deep technical innovation – businesses that deploy this technology will gain a competitive advantage,” said Ping Li, venture capitalist with Accel Partners, in a release. “Speaking with DataGravity channel partners and customers crystallized the value DataGravity will bring to businesses. I look forward to working with the team as it makes storage data-aware for more organizations.”

Li joins a board consisting of other members such as Peter Levine, partner at Andreessen Horowitz; David Orfao, managing director at General Catalyst Partners; and Bruce Sachs, general partner at CRV.

"We’re excited to have Ping and Accel Partners joining our mission,” said Paula Long, CEO of DataGravity. “The enthusiastic support we have received from customers, partners, analysts, and investors underscores the deep need in the market for data-aware storage that delivers a competitive business advantage.”