Former CEO Moshe Yanay invests in data storage company Infinidat
Yanay founded Infinidat in 2011 and served as CEO until May this year, when he announced that he will be stepping down to focus on the technological aspects of the company’s product
Hagar Ravet | 17:43, 11.06.20
A month after stepping down as CEO of data storage startup Infinidat Ltd., founder Moshe Yanay invested in its latest funding round. The company announced the round, the financial details of which were not disclosed, on Thursday.
Additional participants in the round were Goldman Sachs, TPG Growth, ION Crossover Partners, and Claridge Israel Ltd.
Yanay founded Infinidat in 2011 and served as CEO until May this year, when he announced, in an email to employees and customers, that he will be stepping down to focus on the technological development aspects of the company’s product.
Dually headquartered in Waltham, Massachusetts and Herzliya, Israel, Infinidat develops software and machine learning-based storage technologies for telecommunication companies, banks, and cloud service providers.
According to the company, since its foundation, it has provided customers with over six exabytes (6.4 billion gigabytes) of storage, including one EB (1 billion GB) in the past six months alone.
