{"id":652994,"date":"2013-04-17T13:23:08","date_gmt":"2013-04-17T17:23:08","guid":{"rendered":"http:\/\/www.pehub.com\/?p=196884"},"modified":"2013-04-17T13:23:08","modified_gmt":"2013-04-17T17:23:08","slug":"reduxio-raises-9m-from-jerusalem-ventures-carmel-ventures","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/652994","title":{"rendered":"Reduxio Raises $9M From Jerusalem Ventures & Carmel Ventures"},"content":{"rendered":"

Reduxio Systems<\/strong> said it raised $9 million in a Series A round led by Jerusalem Venture Partners<\/strong> and Carmel Ventures<\/strong>. Reduxio is developing a storage operating system.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

REDUXIO, THE SCALE-OUT HYBRID STORAGE COMPANY, RAISES $9M IN A ROUND LED BY JERUSALEM VENTURE PARTNERS AND CARMEL VENTURES<\/p>\n

The Israel-Based Company has Developed a New Storage Operating System that Leverages Flash to Bring Disruptive Functionality to the Enterprise<\/p>\n

Apr. 17th, 2013, Tel Aviv, Israel \u2013 Reduxio Systems, a next generation hybrid innovator, announced today that it secured $9M in a Series A round led by two of Israel’s leading venture capitalist firms, Jerusalem Venture Partners (JVP) and Carmel Ventures.<\/p>\n

Storage industry veterans Mark Weiner, Nir Peleg and Amnon Strasser founded Reduxio in 2012 after recognizing the challenges of integrating new key functionality and hardware advances into legacy storage systems.<\/p>\n

“Designing a system from the ground up allowed us to break free of all the limitations and to fully take advantage of new network, server and drive architectures,\u201d said Mark Weiner, CEO of Reduxio. “In this way, we can deliver revolutionary functionality to match the particular needs in cloud, virtual machine and structured data environments.”<\/p>\n

“We are seeing a paradigm shift in storage, as SSDs and 10GbE adoption rates increase. Reduxio’s novel approach is a game changer,” Said Ori Bendori, General Partner at Carmel Ventures.<\/p>\n

“We’re excited by the hybrid space and how Reduxio’s technology accelerates flash adoption in the enterprise,\u201d said Kobi Rozengarten, General Partner at JVP and a veteran of the flash memory industry, \u201cWe invested in Reduxio early and used our incubator to partner from their founding.”<\/p>\n

Reduxio\u2019s cost-effective hybrid provides an alternative to the expensive all flash arrays. Mainstream vendors have been struggling to integrate SSDs into their legacy architectures and to have different key features work together. The fast growing storage needs of cloud and corporate cloud environments that are virtualized and application dependent are demanding more innovative solutions.Reduxio\u2019s disruptive storage technologies provide a much needed solution to these challenges.<\/p>\n

\u201cReduxio was born from the idea that the only way to truly introduce new and innovative functionality in conjunction with the newest hardware required a completely new base-architecture designed from the ground up \u2013 taking advantage of the latest advances,\u201d said Reduxio CEO Weiner. \u201cFor the past decade, spinning disks have not kept up with the performance advances in the rest of the storage architecture. New functionality added to older systems is not always compatible as one layer of complexity is added onto the next. Reduxio is providing answers to these challenges.\u201d
\nAbout Reduxio Systems<\/p>\n

Reduxio\u2019s hybrid arrays are specifically designed for the particular needs of today\u2019s storage environments focusing on cloud, virtual machines and structured data sets. The ReduxOS operating system and next generation smart placement algorithms will reset price\/performance and functionality requirements moving forward.<\/p>\n

About Jerusalem Venture Partners (JVP)<\/p>\n

Based in the JVP Media Quarter in\u00a0Jerusalem, JVP (www.jvpvc.com) is one of\u00a0Israel’s\u00a0largest and most active venture capital funds with over\u00a0$900 million\u00a0raised to date. Founded in 1993, JVP has helped build over 90 companies and has orchestrated 25 of the largest exits in the region with 14 industry sales and 11 IPOs on NASDAQ.\u00a0Established in 1993 by JVP Founder and Chairman\u00a0Erel Margalit, JVP’s General Partners are\u00a0Gadi Tirosh\u00a0and\u00a0Kobi Rozengarten.<\/p>\n

About Carmel Ventures<\/p>\n

With over $600 million currently under management, many successful exits, and a growing portfolio of promising start-ups, Carmel is among Israel’s top-tier venture capital funds. Founded in 2000 by pioneers and leaders of the Israeli high tech industry, Carmel provides significant capital and active, hands-on support through the growth cycle of its portfolio companies and is recognized as a true company-building fund in Israel. Carmel, headquartered in Herzliya, is a member of the Viola Group, Israel\u2019s premier technology focused Private Equity group with $2B under management. For more information, please visit www.carmelventures.com.<\/p>\n

The post Reduxio Raises $9M From Jerusalem Ventures & Carmel Ventures<\/a> appeared first on peHUB<\/a>.<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Reduxio Systems said it raised $9 million in a Series A round led by Jerusalem Venture Partners and Carmel Ventures. Reduxio is developing a storage operating system. PRESS RELEASE REDUXIO, THE SCALE-OUT HYBRID STORAGE COMPANY, RAISES $9M IN A ROUND LED BY JERUSALEM VENTURE PARTNERS AND CARMEL VENTURES The Israel-Based Company has Developed a New […]<\/p>\n","protected":false},"author":7545,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-652994","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7545"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=652994"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/652994\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=652994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=652994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=652994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}