How much funding has Avere Systems raised?

Avere Systems has raised $51.0M in total funding, most recently a series e round.

Who are Avere Systems's investors?

Avere Systems's investors include Western Digital Capital, Menlo Ventures, Shiv Chaudhary, Lightspeed VP, Tenaya Capital, GV.

When was Avere Systems founded?

Avere Systems was founded in 2008.

Where is Avere Systems headquartered?

Avere Systems is headquartered in Pittsburgh, Pennsylvania, United States.

What industry is Avere Systems in?

Avere Systems operates in Data & Analytics, Hardware, Infrastructure.

How many employees does Avere Systems have?

Avere Systems has 51-200 employees.

Avere Systems

Acquired

High-Performance NAS Caching and Hybrid Cloud Storage

Pittsburgh, United States · Founded 2008 · $51.0M raised

Data & Analytics

Hardware

Infrastructure

Headquarters: Pittsburgh, Pennsylvania
Employees: 51–200
Founded: 2008
Business Model: B2B

Website: averesystems.com
Total Funding: $51.0M
Last Round: $14.0M Series EMar 2017
Rounds: 3

About

Avere Systems was a Pittsburgh-based enterprise storage company founded in 2008 that pioneered high-performance NAS caching and hybrid cloud storage solutions for media, entertainment, and HPC workloads. Its flagship vFXT product acted as a high-speed cache layer between compute clusters and back-end NAS or cloud storage, enabling low-latency access to large datasets without migrating data. Avere's technology was particularly valued for rendering pipelines, genomics, seismic processing, and other I/O-intensive workflows. The company raised $97 million in venture funding before being acquired by Microsoft in January 2018, with its technology subsequently integrated into Azure as Azure HPC Cache.

Summary

Avere Systems is a Data & Analytics company based in Pittsburgh, United States, founded in 2008. It has raised $51.0M in total across 3 rounds, most recently a $14.0M Series E round in Mar 2017. Investors include Western Digital Capital, Menlo Ventures and Shiv Chaudhary.

LinkedIn X (Twitter)