Flash storage hardware company Kaminario has raised another $15 million in funding, bringing its latest round to $68 million. The size of the round was increased "due to strong demand from investors," the Newton, Mass.-based company said in its announcement.
That brings Kaminario to $143 million in total funding since its founding in 2008. The initial $53 million in the round was disclosed in early December, and included two new investors, Silicon Valley Bank and Lazarus Hedge Fund. Previous investors that took part in the round were Sequoia Capital, Pitango Venture Capital, Globespan Capital Partners, Tenaya Capital and Mitsui.
The $15 million extension to the round came from existing backers along with a few new investors that aren't being disclosed, a spokeswoman said.
Kaminario ranks near the top of the pack in terms of Boston-area tech companies with the largest amount of total funding. Here's the updated list of the top 10 (based on my own research):
| Company | Total raised | Founded | Latest round |
|---|---|---|---|
| Actifio | $207 million | 2009 | 2014 |
| Kaminario | $143 million | 2008 | 2015 |
| Altiostar Networks | $120 million | 2012 | 2015 |
| Bit9 | $120 million | 2002 | 2014 |
| Acquia | $118.6 million | 2007 | 2014 |
| Veracode | $112 million | 2006 | 2014 |
| Affirmed Networks | $103 million | 2010 | 2013 |
| SimpliVity | $101 million | 2009 | 2013 |
| Rethink Robotics | $100.1 million | 2008 | 2015 |
| Interactions | $100 million | 2004 | 2013 |
The new funding for Kaminario has followed strong revenue growth, the company said, though specific revenue dollar amounts haven't been disclosed.
Kaminario sells all-flash array storage to mid-sized companies. In the announcement, Lazarus partner Brian Abrams contended that Kaminario is "at the leading edge of a revolution in storage," and is poised for major growth amid an increasing number of companies that are looking to use flash storage in their data centers.
