Another year, another crop of data storage startups popping up
Storage vendors live in an interesting world: there are many innovative companies with great ideas to solve key customer problems, but the reality is that customers want a complete solution, so many startups find that they have great May be acquired or run into trouble rather than succeed as a standalone company. However, this has not stopped the pace of innovation, and a considerable number of innovative companies have entered the storage industry.
These innovative companies are facing a changing business environment. According to IDC, spending on external storage systems slowed to 2% year over year in the first quarter of 2022, but according to Enterprise Storage Forum forecasts, the cloud storage market will maintain a compound annual growth rate of 24% from 2022 to 2029 (CAGR).
Below is a list of the 10 hottest data storage startups so far, selected because they have only recently launched their first storage product or service, 3 are from the hot flash storage market, and most of the others are Looking to make a name for itself in the cloud storage market.
Interestingly, just looking at this list gives the impression that storage startups are not as predominantly US-based as they used to be. While Israel has been a hotspot for storage startups, only 3 of the 10 startups on the list are based in the US, 2 are in Israel, and the rest are in various European countries.
Also, it may be just a coincidence that five of the 10 companies on the list start with the letter i, but the i craze that started with the iPod, iPad and iPhone seems to be making a comeback.
Can all these companies survive long enough to make their mark on the storage industry? Time will prove everything.
President, Co-Founder: Jeff Bonwick
Headquarters: Mill Valley, California, USA
iodyne is the start-up developer of Pro Data portable storage devices. Pro Data products are configured with up to 12 high-performance NVMe SSDs with a total capacity of up to 24 TB, daisy-chaining up to 6 Pro Data per host through the Thunderbolt interface, making The total capacity can reach 576 TB, and it provides the protection of RAID-6 and iodyne Cloud.
President: Michael Ferrec
Headquarters: Poitiers, France
Drawing on research done at the I3S laboratory at the University of Cote d’Azure in France, Inspeere developed DATIS, a cloud-based distributed data protection technology that compresses data, encrypts it using AE-256, and distributes it over multiple It is segmented before each storage to ensure security, continuity and data recovery.
CEO, Founder: Fran Villalba Segarra
Headquarters: Valencia, Spain
Cloud storage technology provider Internxt offers Internxt Drive with file synchronization, backup and sharing technology with an emphasis on privacy. Internxt uses military-grade encryption and file slicing in a user-friendly way, allowing users to connect to Windows, Macintosh or Linux. environment with complete control over their files and data.
CEO, Founder: James Bressington
Headquarters: Swansea, UK
Cloud storage developed by icedrive is like a physical hard drive, allowing users to access, manage and update their cloud storage as easily as they are connected to a computer. Available to desktop, mobile and web users, this cloud storage enables comprehensive data protection, file sharing, audio and video streaming directly from the cloud using the built-in media player.
CEO: Jacob Cherian
Headquarters: New York and Tel Aviv, Israel
Ionir, which develops container-native data services for Kubernetes, was founded in 2020 with $11 million from investors including C5 Capital and Jerusalem Venture Partners, formerly known as Reduxio. Ionir’s technology enables enterprises to migrate data across different clusters or globally with all required services including data protection, performance, persistence, mobility and deduplication.
CEO, Founder: Glen Olsen
Headquarters: Wellington, New Zealand
Nexustorage, a software-defined storage technology developer focused on simplifying data management, offers Nexfs intelligent software that combines block, file, cloud and object storage technologies with data protection and automated data lifecycle management, combining up to three tiers of storage in one Automatically place data on the most appropriate storage tier in a single, scalable storage pool.
CEO: Robert Crooke
Headquarters: San Jose, California, USA
Solidigm, arguably the largest storage startup to date, was founded on December 29, 2021, when Intel decided to combine its SSD business and certain NAND SSD-related intellectual property with its NAND memory manufacturing plant in Dalian, China , sold to South Korea-based semiconductor maker SK Hynix, in a $7 billion deal that created a new company called Solidigm.
CEO, Co-Founder: Adi Gelvan
Headquarters: Tel Aviv, Israel
Speedb has developed Speedb Data Engine, which can directly replace the open-source RocksDB embedded storage engine, which is a popular embedded persistent key-value store that can be used as fast storage for massive databases. Speedb’s technology supports petabyte-scale datasets and billions of objects, maintaining high performance even on low-cost hardware.
CEO: Tommi Kannisto
Headquarters: Tallinn, Estonia
The Storadera Space service offered by Storadera is designed to provide a storage cloud located in Europe, competing with AWS and other hyperscalers with Amazon S3-compatible offerings. Storadera’s service costs €6 per terabyte per month and integrates with a number of data protection products, including MSP360 Explorer freeware, Synology Hyper Backup, and Veeam Backup and Replication.
CEO, Co-Founder: Mike Lee
Headquarters: Campbell, California, USA
SSD controllers developed by TenaFe target data storage solutions for client, data center and emerging edge applications. TenaFe’s first product, the TC2200, is a PCIe Gen4 NVMe DRAM-less SSD controller that uses TenaFe’s proprietary FlexLDPC technology, LDPC (Low Density Parity Check) error correction engine, and supports TLC and QLC NAND flash SSDs with high performance Latency and high durability.