Media Mentions

Data storage company, Infinidat, says organisations fear that, should the ransom not be paid, they will not be able to provide services and products to their customers. Most law enforcement agencies recommend to not pay the ransom, as this payment does not guarantee the encryption release and even encourages cybercriminals to attack again. Cybercriminals can infiltrate an organisation’s IT systems and remain 'dormant' for a long time, during which they gradually encrypt data. That may sound like something that only happens in the movies, but it is very real.

In order to meet the unprecedented spike in online demand for orders and deliveries during the ongoing Covid-19 pandemic, a strong relationship with a data storage vendor has become crucial.

Infinidat Ltd. secured an additional investment round from its existing investors – TPG Growth, Goldman Sachs Private Capital Investing, Claridge Investment Ltd., Ion Investors and Moshe Yanai, founder of Infinidat – reinforcing its investors’ commitment to the company.

Infinidat, the high-end storage array maker, has completed a D-round of funding with existing investors, but it is not saying how much it raised. Prior to this round, the company has raised $325m in three slugs since 2010.

Three startups aim to revolutionise and rescue the on-premises storage array from the twin assaults of hyperconverged infrastructure (HCI) and the public clouds. They are Infinidat, StorONE and VAST Data and each company is gaining enterprise customers who agree that their technology supersedes all-flash arrays in marrying capacity scaling and performance.