Enterprise data storage Infinidat Ltd. today announced it has raised an undisclosed sum of new funding.

The Series D round came from existing investors TPG Growth, Goldman Sachs, Claridge Israel, ION Crossover Partners and Moshe Yanai, founder of Infinidat.

Founded in 2011, Infinidat offers software-focused enterprise data storage architecture that is designed to solve the conflicting requirements of bigger, faster and less expensive storage. Designed to manage the most demanding workloads, Infinidat’s technology is said to simultaneously deliver submillisecond latency, seven nines of reliability, 100% availability and hyperscale capacity with a significantly lower total cost of ownership than incumbent storage technologies.

Brian Carmody, chief technology officer of Infinidat, spoke to SiliconANGLE’s theCUBE in May 2019, discussing how the company has taken the path less traveled to find a better way to support data by the exabyte. Carmody discussed that although the company’s early traction was in consolidating storage solutions around its InfiniBox appliance for regulated industries, such as banking, Infinidat now sees growth in greenfield applications.

“Once we get into the digital transformation, these greenfield applications, which is most of our new growth, it’s actually all about using your digital infrastructure as a revenue-generating machine for opening up new markets, new opportunities, new applications,” Carmody said.

Some of those greenfield applications include clients working on self-driving vehicles and wearables that are extremely data-heavy.

In a separate interview with theCUBE in April 2019, Craig Hibbert, vice president of strategic accounts at Infinidat, explained that the company’s technology relies on a set of fully abstracted, software-driven functions that are layered on low-cost commodity hardware. Data flows into dynamic random-access memory and algorithms instruct the cache how to layout virtual redundant arrays of independent disks, or RAID structure.

“We don’t have any Java; we don’t have any flash; we don’t have any hosts; we don’t have massive servers around the data center collecting information,” Hibbert explained. “We just have an HTML5 interface. So, our time-to-deployment is very quick.”

Although the amount of the new round was not disclosed, Infinidat has previously raised $325 million, including $95 million in October 2017 and $150 million in April 2015, the latter round giving the company a unicorn valuation in excess of $1 billion.

Along with the funding, Infinidat also announced that Boaz Chalamish had joined the company as its executive chairman. Chalamish comes to the position with 30 years of experience in senior leadership positions including VMware Inc., Hewlett-Packard Co., Mercury Interactive Corp. and most recently as chief executive officer of Clarizen Inc.

Image: Infinidat