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Nexus Venture Partners invests $2 million in storage start-up

Tags: Nexus Venture Partners, Datagres, funding, Srinivasan Viswanathan, Sandeep Singhal, storage, PerfAccel

September 25, 2012 | COMMENTS ( 0 )

Nexus Venture Partners invests $2 million in storage start-up

Leading Venture Capital firm, Nexus Venture Partners, has committed $2 million in Series A funding in Bangalore-based storage start-up, Datagres Technologies, to help it expand its footprint in the US and Asian markets.

The announcement came on the sidelines of Datagres’s launch of its flagship product, PerfAccel, the next generation transparent data management platform that accelerates, manages and scales application data in a heterogeneous storage environment.

Srinivasan Viswanathan, founding chief technologist and CEO, Datagres, said, “Our vision is to deliver performance, scalability and manageability for dynamic application data in the simplest manner and at the lowest cost. Nexus’ unique industry understanding and their passion for infrastructure innovation will help Datagres build a strong business and deliver quality products.”

“We liked Datagres’ approach to solve the complexity of data management and their scalable and flexible solution architecture. Datagres is an example of world class product companies that are emerging from India,” said Sandeep Singhal, co-founder, Nexus Venture Partners, who will be joining the Datagres board.

Many applications require dynamic distribution of data with fast local access and global visibility. Datagres’ approach is to use existing centralized storage servers for data at rest while bringing on-demand active data closer to the application servers.

PerfAccel uses intelligent analytics on application data access patterns to move data from NAS/DAS and SAN environments to high-speed solid state devices and in-memory cards in physical or virtual environments.

 

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