Proof Point
Venture capital funding in storage technologies rebounded in 2017, already surpassing 2016 after huge drop to $499 million from $1.164 billion in 2015
Annual Venture Capital Funding in Storage Technologies
2010 – 2017 (US$ billions)
Proof Point Findings
- Storage Technologies – Devices or technologies used to store digital data, including enterprise data and flash storage, as well as new memory technologies
- Drastic 2016 VC Funding Drop – Venture capital funding in storage technologies dropped to $499 million in 2016 from $1.164 billion in 2015, due to market correction in IT industry and rapidly consolidating infrastructure space
- 2017 Q2 Rise – As of May 2017, funding already surpassed 2016 level at $528 million, brought about by emergence of stronger startups and their potential to disrupt incumbents
- 2017 Top Funded Firms – Include data management and protection companies Rubrik at $180 million and Cohesity at $90 million
- Key Growth Drivers – Include growing need to overcome storage technology physical limitations, intensifying competition as big tech companies invest heavily on internal R&D to develop next-generation storage solutions, and increasing cybersecurity threats globally, requiring new technologies to protect and manage data
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Accelerator |
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Market Disruption |
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Sector |
Information Technology
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Source |
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Date Last Updated |
June 25, 2017
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