Seagate Leads $15M Series B for Hybrid Storage Startup Reduxio

Israeli hybrid storage startup Reduxio announced it has completed a $15 million Series B financing round led by Seagate. Existing investors Intel Capital, Carmel Ventures, and Jerusalem Venture Partners joined the round.

Reduxio's storage operating system that actively distributes data across multiple storage tiers and has patents pending for inline deduplication and compression and data recovery. The company's Tier-X hybrid storage system integrates SSDs and disks into a multi-tier storage pool and uses algorithms to identify and automatically relocate blocks of dta between tiers to optimize for performance.

Reduxio CEO Mark Weiner was previously CEO at Exanet, a storage vendor that was acquired by Dell. Prior to that he led StorAge Networking, which was sold to LSI.

John Williams, who was recently appointed as president at Reduxio, came from NetApp, prior to which he held various roles at F5 Networks and 3Com.

"This investment underscores our continued commitment to further strengthen our position as a storage solutions leader from components to systems to services,”Rocky Pimentel, president of the Global Markets and Customers division at Seagate, said in a statement. “Reduxio has built an architecture that can truly leverage the capabilities of hard disk drives, solid state storage, and future non-volatile technologies together in a single system. We believe that systems that successfully integrate multiple media types can deliver compelling price/performance and reliability benefits and will have a unique position in the market."