Here’s the tech infrastructure landscape in one deal. It’s got everything: a hot startup, venture firms and a big company clamoring to invest, and a technical approach that combines data storage and networking.
Boston-based ClearSky Data has raised $27 million in Series B funding, led by Polaris Partners. The round includes a strategic investment from Akamai, as well as participation from previous investors General Catalyst and Highland Capital Partners. All of these parties are Boston-based, so the deal has a strong local flavor—and, if it pans out, it could help launch the next big New England growth company.
ClearSky’s total venture haul is $39 million to date. The startup is building what it calls a global storage network to help big companies manage their primary data-storage needs. It’s trying to create an end-to-end product that will make storage more efficient, agile, and on-demand. If it succeeds, it will also be a major thorn in the side of entrenched storage vendors like EMC, Dell, NetApp, and Hitachi.
In the wake of Dell’s mega-acquisition of EMC, the overall sense in the business community is that enterprise tech has reached an inflection point. And it’sless about the Dell-EMC integration than it is about the other companies and startups emerging in IT infrastructure. The list of other relevant New England companies that have raised large rounds in the past year includes DataGravity, Infinidat, Plexxi, SevOne, and VMTurbo. (The CEOs of many of these companies, including ClearSky, will speak at Xconomy’s Enterprise Tech Strikes Back conference on Dec. 2.)