Storage Venture Funding:
While down from 2014, 2015 was a strong year with $1.4B in funding across 45 rounds with an average round size of $30.9M – Simplivity led with the largest round of $175M followed closely by Infinidat with $150M.
Looking forward, 2016 will likely be another strong year of 40+ rounds of funding with even more focus on start-ups proving their business cases and ramping revenues along the way.
The storage venture market has certainly been hot but VCs will closely track IPO hopefuls such as Nutanix and others as they contemplate adding more unicorns to the mix.
We are also bullish on 2016 as there is plenty of innovation coming out of the 13 companies that raised their 1st round of funding and also the 15 start-ups that closed on their 2nd round of funding. Later stage funding still leads in terms of total consideration but 28 out of 45 funding rounds being earlier stage is a great sign that the storage disruption engine has plenty of fuel in the tank.
For SASI’s complete 2015 Storage M&A and Venture Funding Report, please contact Christine Tosney at firstname.lastname@example.org.