Pavilion Closes $45M Financing Round

SAN JOSE, Calif. — The storage company Pavilion Data Systems closed a $45 million financing round.

Pavilion’s latest round was led by Kleiner Perkins and Artiman Ventures, according to the company last month.

The funding will help Pavilion address the “increasing need” for a high-performance, dense, and scale-out flash storage platform for data analytics and artificial intelligence (AI)/machine learning (ML) applications.

Pavilion is focused on the storage networking protocol Non-Volatile Memory Express over Fabrics (NVMe-oF).

See more: The Storage Management Market

In total, Pavilion’s outside capital investment is now $107 million.

All existing investors participated in the funding: Korea Investment Partners; SK Telecom Ventures; Taiwania Capital; Tyche Partners; DAG Ventures; and RPS Ventures. 

Several new investors also joined the round: Mirae Asset; Liberty Street Advisors; and Gaingels.

See more: Pavilion Data Systems Hires Three Execs

“Many organizations in the federal and commercial space are already using Pavilion to make the most of their applications and accelerate their workloads,” said Wen Hsieh, partner at Kleiner Perkins. 

“Pavilion’s platform enables users to build a bridge between their existing and future needs. We see that its unique ability to accelerate legacy as well as next-generation applications is making it a prime choice for many users. 

“My partners and I are excited to have co-led this round, as the funding will help Pavilion establish itself as a leader in the data analytics and AI/ML acceleration market.”

Dario Zamarian, Pavilion’s CEO, said the company is “proving its market acceptance across a broad range of industry verticals.” 

Zamarian said the funding will help Pavilion ”take data analytics acceleration to the next level.”

See more: Best Data Storage Solutions and Software

Chris Ehrlich
Chris Ehrlich
Chris Ehrlich is the managing editor of several web properties in the TechnologyAdvice network. He has over 20 years of experience delivering content-based results across journalism and communications, including on B2B technologies. As a leader in digital journalism, he’s driven targeted content that resonates with audiences and increases key metrics. As a leader in branded communications, he’s driven multi-channel content for clients that spreads their messages and generates measurable returns. He holds a B.A. in English and political science from Denison University in Ohio.
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