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Avere Systems

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A leading provider of high-performance NFS and SMB file-based storage for Linux and Windows clients running in cloud, hybrid and on-premises environments

Pittsburgh, United StatesFounded 2008Cybersecurity
Valuation $50–100M Last recorded · 2017
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Avere Systems and the history behind them.

About Avere Systems

Avere Systems, established in 2008, was founded by a team with deep roots in the data storage industry, including President and CEO Ron Bianchini, Michael Kazar, and Daniel Nydick. The founding team's collective experience, notably from companies like FORE Systems and Spinnaker Networks, shaped Avere's direction in tackling complex storage challenges. The company carved out a niche for itself by providing high-performance, scalable file storage solutions for hybrid cloud environments.

Avere's core business centered on its FXT Edge Filers, physical or virtual appliances that created a caching layer between active data and traditional storage systems. This technology was designed to accelerate data access for compute-intensive tasks, effectively bridging the performance gap between on-premises infrastructure and public cloud resources. This model catered to enterprises, particularly in sectors like media and entertainment, life sciences, and financial services, that run large-scale workloads and require rapid access to massive datasets. By deploying Avere's solutions, clients could optimize their existing storage investments while seamlessly integrating cloud platforms like Amazon S3 and Google Cloud Storage without sacrificing performance.

The company's technology functioned as a software and hardware appliance that built a tiered storage system, ensuring that frequently accessed data was kept in the fastest available medium, such as RAM or flash memory, while less critical data remained in slower, more cost-effective storage. This approach dramatically reduced latency and boosted the efficiency of high-performance computing (HPC) workflows. In January 2018, recognizing the strategic value of Avere's technology in enabling complex workloads in the cloud, Microsoft acquired the company. The integration of Avere's file system and caching expertise into the Azure portfolio aimed to enhance Microsoft's offerings for high-performance computing, leading to the development of services like Azure FXT Edge Filer.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2008
Headquarters
Pittsburgh, United States
Employees
11
Open positions
None listed
Dealroom signal
66.7/100
Industry
Security
Sub-industry
Cloud & Infrastructure
Sector
Cybersecurity, Cloud Infrastructure, Web Hosting, File Sharing, Risk Management, Entertainment, Data Analytics, Hosting, Architecture, Appliances
Technology
Hardware
Business model
SaaS
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Jan 2018 $0 — Microsoft —
SERIES EOther financing Mar 2017 $14M $70M Lightspeed Venture Partners · Menlo Ventures · Alphabet | Google · Tenaya Capital —
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

Avere Systems website traffic

Latest recorded traffic for Avere Systems is 230 monthly website visits, up 155.6% over the last three months. Avere Systems's team declined 38.9% over the past year.

Latest monthly visits230 3-month web change+155.6% 1-year team growth-38.9%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

7 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

Series B and later3 investors entered at this stage

Other known investors1 additional known investor

Team profiled 18 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States83.3%
🇪🇹 Ethiopia16.7%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Avere Systems on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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