Ursheet Parikh and Guru Pangal’s office in Santa Clara is quite abuzz with activity. Their company’s break through offering is setting new standards in the cloud storage space since they left Cisco and Brocade to start StorSimple.
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Their initial investors were Index Ventures and Redpoint Ventures.Since the early days the momentum has grown and grown. With large industry leaders like Microsoft and VMWare certifying its cloud storage offering - the company has uniquely achieved the most stringent “Certified for Windows Server 2008” level of certification and also VMware Ready status. StorSimple was recently named the Microsoft BizSpark Partner of the Year, is a Silver award winner in Storage Magazine’s Products of the Year and was identified by Gartner as a cool vendor.
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Having won a slew of recognitions and awards in such a short time, it is indicative of the momentum the company has. It should come as no surprise that having already secured two rounds of venture funding in the last two years, the company has just closed its third round of funding from its investors — Ignition Partners, Index Ventures, Mayfield Fund and Redpoint Ventures, bringing the total funding to a cool $31.5 million. Richard Fade of Ignition Partners who led the third round summarizes the potential of StorSimple well. “History has shown first movers with great breakthrough products capture disproportionate value for their customers and investors - we believe StorSimple to be just such a
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company. StorSimple is a company we wanted to become a bigger a part of. It has an awesome team, a proven product, early market leadership and deep partner relationships with companies such as Microsoft, who recently selected StorSimple as a Partner of the Year.”
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