Avere Systems
AcquiredHigh-Performance NAS Caching and Hybrid Cloud Storage
Pittsburgh, United States · Founded 2008 · $51.0M raised
- 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
- Acquisition Date
- Jan 2018
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 4 funding rounds and 6 investors for this company. The full record is or through the API.
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 Lightspeed Venture Partners.
Tech & App Stack
2 technologies & apps tracked
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Funding & Exit History
Jan 2018
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Funding: Series B through Series E. Amounts, valuations, and investors where available.
Investors
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