Load DynamiX Closes $12 Million Financing Round Led by HighBar Partners
New funding allows Load DynamiX to accelerate product development and expand sales of its workload modeling and storage performance validation solutions
SANTA CLARA, Calif., May 21, 2014-- Load DynamiX, the leader in storage infrastructure performance validation, announced today that it has raised a $12 million round of funding, led by HighBar Partners.
Having established itself as the leading supplier of storage performance validation solutions to the storage and network technology vendors, Load DynamiX expanded its focus to enterprise IT and cloud service provider organizations in 2013. The company recently released the Load DynamiX Enterprise Series solutions that combine advanced storage workload modeling and extreme load generation into an integrated 2RU appliance designed to meet the needs of Global 1000 companies.
The company’s enhanced product line now provides deep storage infrastructure insight that enables IT managers and architects to optimize the performance, availability and cost of their networked storage infrastructures. The company’s goal is to help accelerate the adoption of new storage technologies, such as flash storage, and eliminate the risk of performance problems via its advanced workload modeling and performance validation solutions.
“Storage architects and engineers are demanding a new level of insight into their infrastructure as they migrate to an Infrastructure as a Service (IaaS) model for their public and private clouds. In order to meet their performance, availability and cost objectives, new storage systems and technologies, including flash storage, must be tested, analyzed and validated before production deployment,” said Philippe Vincent, CEO of Load DynamiX. “Our storage workload modeling and performance validation appliances are the only way to properly plan and deploy these new storage technologies without the risk of unpredictable response times, unplanned outages and uncontrolled over-investment in equipment.”
“The storage industry is going through one of the biggest transitions in decades, with flash and hybrid storage systems driving significant disruption to the status quo. Fully understanding the performance impact and ROI of these technologies is becoming essential to IT architects,” said John Kim, Co-Founder and Managing Partner at HighBar Partners. “We were very impressed with how Load DynamiX is uniquely providing this insight as evidenced by the excitement of their customers and their successful expansion into enterprise IT.”
In conjunction with the financing, John Kim and HighBar Managing Director Rohit Malhotra have joined the Load DynamiX Board of Directors.
Founded in 2008 as SwiftTest, Load DynamiX expanded on its strategic direction and changed its name in late 2013.
About Load DynamiX
As the leader in infrastructure performance validation, Load DynamiX empowers IT professionals with the insight needed to make intelligent decisions regarding networked storage. By accurately characterizing and emulating real-world application behavior, Load DynamiX optimizes the overall performance, availability and cost of storage infrastructure. The combination of advanced workload analytics and modeling software with extreme load-generating appliances give IT professionals the ability to cost-effectively validate and stress today’s most complex physical, virtual and cloud infrastructures to their limits. Visit www.loaddynamix.com for more information.
About HighBar Partners
HighBar Partners is a strategic growth capital provider for enterprise and infrastructure software companies. It is a creative and engaged investor with resources and relationships to assist management teams with financial, strategic and operational execution. HighBar’s unique model makes it an ideal partner for companies undergoing significant change or transition. HighBar’s principals have founded, operated or invested in over 100 companies in the technology sector. Visit www.highbarpartners.com for more information.
For Load DynamiX
Kelly Dorsey, 818-436-9646
Venture Capital Database