All-flash upstart Kaminario trousers $53m, spills scale-up secrets

K2 can grow higher

Kaminario has picked up $53m in an E-round of funding, taking total funding to $128m and signalling the startup's backers are convinced its low cost/GB and scale-up/scale-out architecture will give it the growth goodies.

In comparison, fellow all-flash array startup Pure Storage is the funding champion with $450m and SolidFire next with $150m. We think Skyera has between $90 million and $100m. Violin, which has gone public, says it is now fully funded.

Dani Golan, Kaminario's CEO and co-founder, claims Kaminario wins 80 per cent of the time when competing for customer orders with one particular rival. Part of the reason is the combination of scale-up and scale-out features in K2's design. Other suppliers, he says, are either one or the other, and cannot easily add "up" to "out" or vice versa.

The CEO claims K2's effective cost/GB is $2, whereas Pure's, for example, is $4 - $5/GB.


K2 is also the name of an all-flash array. Storms might be coming as Kaminario is named after Kaminari, a goddess of thunder and lightning in Japanese mythology.

He says that his firm's revenues have quadrupled year-on-year since the May v5 release of its K2 array. Golan won't give out annual run-rate numbers or say when Kaminario's revenues may overtake those of Pure or SolidFire.

His backers in the latest round, which included three new funding sources together with all the existing investors, clearly think the biz has what it's going to take to succeed in the all-flash array business.

He sees the hybrid newbies fumbling around and introducing all-flash Nimble and Tegile arrays as a sign that the market is coming towards the all-flash array being the mainstream SAN array replacement, and not legacy or freshly designed hybrid arrays.

Gartner ranked the mid-enterprise focused and channel-only Kaminario number three in its all-flash array critical capabilities report in September. This was behind leader SolidFire and number two Pure Storage, but ahead of EMC, HP, IBM and others. It had Kaminario classed as a visionary in its all-flash array MQ at the time.

Kaminario is also announcing the addition of 256-bit AES encryption. It is always-on and can be added online as K2 hardware and software upgrades are non-disruptive.

Golan takes heart from all the legacy storage vendors having reported poor recent results. He thinks customers have pent-up dissatisfaction with legacy arrays. The ex fighter pilot says the market is ripe for the biggest change in 25 years. ®

Other stories you might like

  • Cheers ransomware hits VMware ESXi systems
    Now we can say extortionware has jumped the shark

    Another ransomware strain is targeting VMware ESXi servers, which have been the focus of extortionists and other miscreants in recent months.

    ESXi, a bare-metal hypervisor used by a broad range of organizations throughout the world, has become the target of such ransomware families as LockBit, Hive, and RansomEXX. The ubiquitous use of the technology, and the size of some companies that use it has made it an efficient way for crooks to infect large numbers of virtualized systems and connected devices and equipment, according to researchers with Trend Micro.

    "ESXi is widely used in enterprise settings for server virtualization," Trend Micro noted in a write-up this week. "It is therefore a popular target for ransomware attacks … Compromising ESXi servers has been a scheme used by some notorious cybercriminal groups because it is a means to swiftly spread the ransomware to many devices."

    Continue reading
  • Twitter founder Dorsey beats hasty retweet from the board
    As shareholders sue the social network amid Elon Musk's takeover scramble

    Twitter has officially entered the post-Dorsey age: its founder and two-time CEO's board term expired Wednesday, marking the first time the social media company hasn't had him around in some capacity.

    Jack Dorsey announced his resignation as Twitter chief exec in November 2021, and passed the baton to Parag Agrawal while remaining on the board. Now that board term has ended, and Dorsey has stepped down as expected. Agrawal has taken Dorsey's board seat; Salesforce co-CEO Bret Taylor has assumed the role of Twitter's board chair. 

    In his resignation announcement, Dorsey – who co-founded and is CEO of Block (formerly Square) – said having founders leading the companies they created can be severely limiting for an organization and can serve as a single point of failure. "I believe it's critical a company can stand on its own, free of its founder's influence or direction," Dorsey said. He didn't respond to a request for further comment today. 

    Continue reading
  • Snowflake stock drops as some top customers cut usage
    You might say its valuation is melting away

    IPO darling Snowflake's share price took a beating in an already bearish market for tech stocks after filing weaker than expected financial guidance amid a slowdown in orders from some of its largest customers.

    For its first quarter of fiscal 2023, ended April 30, Snowflake's revenue grew 85 percent year-on-year to $422.4 million. The company made an operating loss of $188.8 million, albeit down from $205.6 million a year ago.

    Although surpassing revenue expectations, the cloud-based data warehousing business saw its valuation tumble 16 percent in extended trading on Wednesday. Its stock price dived from $133 apiece to $117 in after-hours trading, and today is cruising back at $127. That stumble arrived amid a general tech stock sell-off some observers said was overdue.

    Continue reading
  • Amazon investors nuke proposed ethics overhaul and say yes to $212m CEO pay
    Workplace safety, labor organizing, sustainability and, um, wage 'fairness' all struck down in vote

    Amazon CEO Andy Jassy's first shareholder meeting was a rousing success for Amazon leadership and Jassy's bank account. But for activist investors intent on making Amazon more open and transparent, it was nothing short of a disaster.

    While actual voting results haven't been released yet, Amazon general counsel David Zapolsky told Reuters that stock owners voted down fifteen shareholder resolutions addressing topics including workplace safety, labor organizing, sustainability, and pay fairness. Amazon's board recommended voting no on all of the proposals.

    Jassy and the board scored additional victories in the form of shareholder approval for board appointments, executive compensation and a 20-for-1 stock split. Jassy's executive compensation package, which is tied to Amazon stock price and mostly delivered as stock awards over a multi-year period, was $212 million in 2021. 

    Continue reading
  • Confirmed: Broadcom, VMware agree to $61b merger
    Unless anyone out there can make a better offer. Oh, Elon?

    Broadcom has confirmed it intends to acquire VMware in a deal that looks set to be worth $61 billion, if it goes ahead: the agreement provides for a “go-shop” provision under which the virtualization giant may solicit alternative offers.

    Rumors of the proposed merger emerged earlier this week, amid much speculation, but neither of the companies was prepared to comment on the deal before today, when it was disclosed that the boards of directors of both organizations have unanimously approved the agreement.

    Michael Dell and Silver Lake investors, which own just over half of the outstanding shares in VMware between both, have apparently signed support agreements to vote in favor of the transaction, so long as the VMware board continues to recommend the proposed transaction with chip designer Broadcom.

    Continue reading

Biting the hand that feeds IT © 1998–2022