TidalScale Extends Series B in $27 Million Oversubscribed Funding
CAMPBELL, Calif., Dec. 03, 2018 (GLOBE NEWSWIRE) -- TidalScale, the pioneer at the heart of the Software-Defined Server revolution, today announced it has now raised $27 million in an oversubscribed Series B funding. Additional investors, including Forte Ventures, have joined the round since it was first announced Oct. 9.
Gary Smerdon, President & CEO at TidalScale “We’re thrilled to see that investor interest in TidalScale continues unabated, with our Series B round now at $27M. It’s gratifying that this growing group of visionary investors recognizes how TidalScale Software-Defined Servers help organizations sharpen their competitive advantage, help drive down software licensing costs and data center TCO, and improve application performance. With our groundbreaking software, TidalScale is transforming the economics of the data center.”
-- TidalScale has now raised $27 million in an oversubscribed Series B funding. -- Additional investors, including Forte Ventures, joined the round since it was first announced Oct. 9. -- Forte Ventures joins a strong investment syndicate that includes Bain Capital Ventures, Hummer Winblad, Sapphire Ventures, Infosys, SK Hynix, and a leading server OEM, as well as other undisclosed investors. -- TidalScale’s breakthrough Software-Defined Server technology amplifies the value of modern data centers by enabling organizations to build a virtual server of any size—the right size—in just minutes.
Additional Quotes:Tom Hawkins, Managing Partner at Forte Ventures:“TidalScale’s innovative software breaks the mold for deploying in-memory workloads. We believe the cost-effectiveness, simplicity, and flexibility of Software-Defined Servers will disrupt every IT organization’s approach to big data problems. With each customer use case, TidalScale is demonstrating how beneficial its Software-Defined Servers can be for organizations struggling to accommodate growing data sets and fluctuating workloads.”
Kevin Krewell, Principal Analyst at TIRIAS Research:“TidalScale’s unique technology has the potential to break through the limitations of today’s scale-up and scale-out solutions with the best of both worlds. TidalScale technology can deliver the performance of in-memory computing with the scalability of traditional scale-out clusters, yet with the simplicity of monolithic scale-up servers.”
See TidalScale in Booth 557 at #GartnerIO Attendees of the Gartner IT Infrastructure, Operations & Cloud Strategies Conference 2018, Dec. 3-6 in Las Vegas, Nev., can see TidalScale’s Software-Defined Servers in action at Booth #557.
-- TidalScale Blog -- TidalScale News -- TidalScale White Papers: • Software-Defined Servers: A guide to the missing piece in the Software-Defined Data Center (featuring research from Gartner) • 7 Technology Trends Driving the Industry to Software-Defined Servers
About Forte VenturesForte Ventures collaborates and co-invests with corporate strategic partners in the most innovative and promising technology companies in North America. Forte Ventures invests across a diversified set of industry sectors including Information Technology, Mobility, Digital Media, Telecommunications, Financial Technology and Industrial Technology. Learn more at http://www.forteventures.com/.
About TidalScale, Inc. TidalScale is the leading provider of Software-Defined Servers. By right-sizing servers on demand, TidalScale helps organizations achieve results sooner and at a lower cost than traditional scaling options, while bringing new levels of flexibility and value to data centers. TidalScale solutions deliver in-memory performance at any scale, are self-optimizing, use standard hardware and are compatible with all applications and operating systems – and they achieve all this with no changes to applications or operating systems. TidalScale transforms the economics of the data center and the traditional time constraints of working with big data. The company has earned numerous awards, was named a Gartner Cool Vendor for 2017 and an IDC Innovator[i] for 2017, and was a winner of the Red Herring Top 100 Global award. TidalScale is privately held with backing from Bain Capital, HWVP, Sapphire Ventures, Infosys, Citrix, SK Hynix, Forte Ventures, and Samsung. Learn more at http://www.tidalscale.com.
TidalScale Contact John Williams, VP, Product Management, TidalScale, Inc. +1-650-535-2204