AVON, Mass.--()--Terascala, the Fast Data company, today announced that Intel Capital has made a financial investment in Terascala. The investment is part of the company’s $14 million Series B funding round previously announced April 24, 2012, that is being used to fund growth in research and development, customer support, marketing, and sales.
“This investment will help us gain better market traction with major system vendors, including Dell, EMC, and NetApp”
The burgeoning growth of unstructured data has ushered in an era known as Big Data computing, which challenges IT organizations to store, manage and more quickly deliver petabyte-range data to large scale, compute-intensive applications. Parallel data delivery can make these applications run 5x to 10x faster, leading to more responsive business results. Purpose-built on Intel® servers with Xeon® E5-2600 processors—and coupled with one of the industry’s most widely deployed open source parallel file systems, LustreTM—Terascala offers a high performance storage appliance that enables enterprises to utilize Big Data now while leveraging their existing investments.
“With Big Data and compute capacity both growing at exponential rates, the important problem to solve is how to get the two together more rapidly,” said John Mascarenas, Investment Director, Intel Capital. “Conventional data delivery technology is not fast enough, but this problem can be solved with a parallel file system delivering data to and from applications running on Intel’s latest family of Xeon processors. Together with our recent acquisition of Whamcloud, we are committed to making Big Data actionable for enterprises.”
“This investment will help us gain better market traction with major system vendors, including Dell, EMC, and NetApp,” said Steve Butler, CEO of Terascala. “Our goal is to make high performance storage solutions enterprise-ready—optimized for performance and capacity, easy to set up and use, and with toolsets to manage data workflow within an existing IT infrastructure.”
The Terascala LustreStack appliance suite offers tools for system monitoring, health check and break/fix; event logging and alerts; application tuning; and workflow. For more information, visit http://www.terascala.com/lustrestack.php.
About Intel Capital
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$10.6 billion in over 1,245 companies in 52 countries. In that timeframe, 200 portfolio companies have gone public on various exchanges around the world and 299 were acquired or participated in a merger. In 2011, Intel Capital invested US$526 million in 158 investments with approximately 51 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.
Terascala is the Fast Data Company. Terascala’s LustreStack software suite enables storage providers to offer Lustre-based storage appliances that are simple to deploy, easy to use, and optimally tune. With LustreStack-powered storage appliances, organizations can optimize the performance of HPC and Fast Data applications without needing specialized expertise or compromising on system availability or performance. LustreStack appliances are available from several major suppliers. Founded in 2005, Terascala is based in Avon, Mass., and counts a number of industry leaders among its partners, including Dell and EMC. Learn more at http://www.terascala.com.
Terascala and the Terascala logo are trademarks of Terascala, Inc. All other brands, products, or service names may be trademarks or property of their respective holders.