DriveScale, Inc.

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DriveScale, Inc. - overview

Established

2013

Location

Sunnyvale, CA, US

Primary Industry

Software

About

DriveScale, Inc. specializes in data center infrastructure and management, offering scalable and efficient solutions tailored for enterprises managing extensive data workloads, particularly in cloud computing and big data analytics. Founded in 2013 in Sunnyvale, US, DriveScale, Inc. is focused on enhancing data processing capabilities.


The company has not undergone any noted pivots or structural changes since its inception. It has attracted investment in its Series A round led by Pelion Venture Partners, raising a total of USD 15. 00 mn. The latest funding round occurred on May 19, 2016, with contributions from Foxconn Technology Group and Nautilus Venture Partners.


Gene Banman serves as the CEO, while co-founders include Nisha Dave and Satya Nishtala. DriveScale focuses on delivering innovative solutions in the realm of data center infrastructure and management. Their core product offerings enhance the scalability and efficiency of data processing through a combination of software and hardware solutions that cater to enterprises managing large volumes of data. DriveScale’s products serve use cases ranging from cloud computing to big data analytics, enabling organizations to optimize their data storage and compute resources.


Target customers include mid-sized to large enterprises in technology, finance, and telecommunications, who require robust systems to handle complex data workloads. The products are marketed in key international regions, including North America, Europe, and parts of Asia, ensuring broad reach to diverse industries that depend on advanced data management solutions. DriveScale generates revenue primarily through a subscription-based model, offering clients access to their software and hardware solutions. Transactions typically involve annual or multi-year contracts, providing predictable revenue streams.


Collaborations with system integrators and technology partners enhance the distribution of DriveScale’s offerings, allowing for a more extensive client base. The flagship products focus on delivering customized solutions that align with specific customer needs in data handling and infrastructure efficiency. Pricing plans are structured to reflect the scale of deployment and specific customer requirements, fostering long-term partnerships with their clientele. In the wake of the Series A financing of USD 15.


00 mn led by Pelion Venture Partners in May 2016, DriveScale is positioned to support its future growth initiatives. The company is developing new products aimed at enhancing its offerings in data center management, with planned releases expected to target the evolving needs of their enterprise customers. Additionally, DriveScale is looking to expand into new geographic regions, with a focus on increasing market presence in Europe and Asia by 2023. The recent funding will assist in accelerating product development and enhancing marketing efforts to penetrate these targeted markets.


Current Investors

Pelion Venture Partners, Foxconn Technology Group, Nautilus Venture Partners

Primary Industry

Software

Sub Industries

IT Infrastructure, Content Management Software, Storage Management Software

Website

www.drivescale.com

Verticals

Cloud Computing

Company Stage

Series A

Total Amount Raised

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