DataCore Secures US$60 Million in Funding to Accelerate Growth and Innovation
2024年7月16日 - 8:00PM
ビジネスワイヤ(英語)
Vistara Growth’s backing highlights DataCore’s
role in shaping the future of data ecosystems through AI-powered
advancements across core, edge, and cloud deployments.
DataCore Software, an industry leader in the data infrastructure
and management space, has achieved a significant milestone by
raising US$60 million in a financing round led by Vistara Growth, a
provider of flexible growth capital to innovative technology
companies. This investment will enable DataCore to expand its
technology offerings and operational agility, ensuring the company
can effectively meet the evolving demands of modern data
environments and infrastructure stacks. By broadening its market
reach to tackle emerging use cases, DataCore aims to support its
customers and ensure their success across core, edge, and cloud
environments.
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DataCore CEO, Dave Zabrowski (Photo:
Business Wire)
With data volumes, complexities, and cyber threats on the rise,
organizations are grappling with unprecedented challenges in data
management. DataCore is set to leverage the infusion of new capital
to advance its suite of storage solutions, with a concentrated
effort on enhancing infrastructure and data resilience. The
investment will fuel the integration of AI technologies, enabling
businesses to extract actionable insights and streamline complex
workflows through smart automation. Moreover, a continued focus on
cybersecurity frameworks will help DataCore customers counter
evolving threat vectors, providing more robust data protection
safeguards.
John O'Donoghue, who led the investment for Vistara Growth,
said, "As a pioneer in data storage and infrastructure solutions,
DataCore is well positioned to capitalize on the increasing data
volumes generated by corporate digital transformations. We have
seen first-hand how DataCore’s customers depend upon their
flexible, hardware-agnostic solutions for critical,
high-availability storage workflows, and we are excited to partner
on their next phase of growth. DataCore’s track record of
delivering cutting-edge infrastructure solutions is supported by 25
years of R&D and innovation further enhanced by strategic
acquisitions."
“This pivotal funding marks a new chapter in our commitment to
our customers and partners, enabling us to deliver greater value
through collaboration and innovation,” said Dave Zabrowski, CEO of
DataCore Software. “With the strong support of Vistara Growth, we
are poised to accelerate the development of intelligent and
resilient solutions in the areas of new-age data infrastructures
that not only address today’s data challenges but also pave the way
for future advancements. Our goal is to empower businesses with the
tools they need to thrive in an increasingly complex digital
landscape, driving long-term success and creating sustainable
impact.”
As DataCore embarks on this new chapter, the company is focused
on fueling product innovation with transformative AI and cyber
resilience solutions, pushing the boundaries of what is possible in
data management. This forward-thinking strategy positions DataCore
as a catalyst for progress, enabling organizations to modernize and
futureproof their digital infrastructure and IT systems.
About DataCore
DataCore Software delivers the industry’s most flexible,
intelligent, and powerful software-defined storage solutions for
the core, edge, and cloud. With a comprehensive product suite,
intellectual property portfolio, and unrivaled experience in
storage virtualization and advanced data services, DataCore has
helped over 10,000 customers worldwide modernize how they store,
protect, and access data. For more information, visit
datacore.com.
About Vistara Growth
Vistara Growth provides highly flexible growth debt and equity
solutions to leading technology companies across North America.
Founded, managed, and funded by seasoned technology finance and
operating executives, “Vistara” (Sanskrit for “expansion”) is
focused on enabling growth for the ambitious entrepreneurs we
invest in, our investors, our people, and the communities we
operate in. For more information, visit vistaragrowth.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240716163589/en/
For DataCore: Sharon Munday sharon.munday@datacore.com or
pr@datacore.com +44 7787 566382