Data management startup Komprise raises $24M
Komprise Inc., a startup in the emerging data management market, is looking to grow its business after landing a $24 million round of funding that doubles its total capital raised to $42 million.
Top Tier Ventures led the Series C round, which also saw participation from Western Digital Capital, Canaan Partners and Walden International.
Komprise sells file-moving and data management technology that helps organizations to store information as cheaply as possible while ensuring it can be accessed quickly when needed. The startup’s view is that secondary and unstructured data that’s rarely accessed can be expensive to maintain, so it shifts that data to less expensive storage resources such as object stores or public clouds, thereby helping its customers to save money.
Moving data to cheaper storage is not exactly a novel idea, but one of the problems of doing so is that it also slows down access to that information. When data is moved to different locations, it means a file stub is left in the original location and access requests must be sent via this stub onto the secondary storage location. This slows the process because the file system metadata needs to be read first in order to access the new location.
Komprise gets around this by using worldwide web Domain Name System lookups to avoid going through this extra step.
“The reason we started the company is that customers told us they were literally drowning in data these days,” Krishna Subramanian (pictured), chief operating officer at Komprise, said in an interview last year on theCUBE, SiliconANGLE’s mobile livestreaming studio. “Komprise analyzes and finds that data for you and shows how much you can save by managing it at a lower cost.”
Enterprises are “drowning in data” thanks to the advent of software such as Hadoop, which has enabled them to build next applications that can store virtually infinite amounts of information economically, said Holger Mueller, principal analyst and vice president of Constellation Research Inc. However, many enterprises are now struggling to work out the best way to analyze that data, he said.
“Today with all the talk of AI and ML, it is often overlooked that enterprises struggle with data, especially with what data to deploy where, such as on-premises or in the cloud,” Mueller said. “Enter Komprise, which wants to help CxOs with those crucial decisions and operations. It all looks very promising.”
The idea seems to be catching on. Komprise cites a lengthy list of partners, including storage firms such as Dell EMC, IBM Corp., NetApp Inc. and Hewlett-Packard Enterprise Co., plus public cloud providers such as Amazon Web Services Inc. and Microsoft Azure. It also claims revenue growth of more than 200 percent quarter-over-quarter in the last year.
Komprise said the new funding will be used to expand its sales, marketing, product development and customer support teams.
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