The corporate venturing unit of US-based chip company Intel Capital, Switzerland-based telecommunications company Swisscomm and data protection company Quantum Corporation have helped Belgium-based digital storage company Amplidata  raise $6m. Amplidata, which offers scalable object-based storage at a reduced cost, has now raised $20m.. Swisscom, Quantum and Intel Capital were joined by venture firms Hummingbird Ventures, Endeavour Vision. They are looking to integrate Amplidata’s optimised object storage technology into a new family of Big Data management and tiered storage solutions. The latest move is the first of this magnitude since storage veteran Mike Wall took over the helm of the company in April. Wall said: “I have never seen a technology that has so singularly impressed everyone who tests it.  We are challenging the status quo of traditional data storage infrastructures and making possible what was previously impossible for Big Unstructured Data applications. Backed by fresh funding and an invigorated team, we’re the name to watch in the object storage sector.” Wall formerly president and chief executive of storage innovator Atempo, was a founding member of the team that developed Intel’s storage division.Amplidata co-founder, Wim De Wispelaere will become chief technology officer. In February Intel Capital and Swisscom  helped Amplidata raise $8m. They were joined in that C round by venture firms Big Bang Ventures and  Endeavour Vision. Big Bang Ventures, Endeavour Vision and Swisscom Ventures, the corporate venturing division of the Swiss phone group, were all prior backers of Amplidata’s $6m B round. In May last year, Big Bang provided $3.3m in the first institutional funding to Amplidata, which was launched in 2008 by co-founders by De Wispelaere and Wouter Van Eetvelde.

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?