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Storwize

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Provider of real-time data compression solutions that boost storage space on network storage environments

Marlborough, United StatesFounded 2004Home Living
Valuation $100–500M Latest valuation · 2010
Total funding $10–50M Disclosed equity funding
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About Storwize

Storwize, Inc. was an Israeli data storage company founded in 2004 by Gal Naor and Jonathan Amit. The firm specialized in real-time data compression solutions designed to optimize storage capacity for enterprises. Storwize's core technology, the Random Access Compression Engine™ (RACE), enabled the compression of primary, actively used data—such as files, databases, and virtualization images—without degrading performance. This allowed clients to store up to five times more data in the same physical space, thereby reducing costs associated with storage acquisition, power, and cooling.

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The company's main products were appliances, like the Storwize STN series, that were installed between a client's network and their existing storage arrays. These appliances worked transparently with popular Network Attached Storage (NAS) systems from various vendors, including EMC, HP, and NetApp. Before its acquisition, Storwize had secured over 100 customers across diverse industries like finance, manufacturing, telecommunications, and cloud services. The company's headquarters were initially in Yehud, Israel, but later moved to Marlborough, Massachusetts, to be closer to its primary market in the US.

In July 2010, IBM announced its acquisition of Storwize for approximately $140 million, a deal that was finalized in August of the same year. The acquisition was a strategic move for IBM to enhance its data storage portfolio with advanced, real-time compression capabilities. Following the acquisition, Storwize was integrated into IBM's Systems and Technology Group. IBM leveraged Storwize's technology to create the IBM Storwize family of storage systems, which launched in 2011. This product line combined Storwize's compression with IBM's existing technologies like the SAN Volume Controller (SVC) and Easy Tier for automated data tiering. The Storwize family offered a range of hybrid and all-flash storage solutions (V3000, V5000, and V7000 series) that provided data virtualization, high availability, and simplified management for mid-sized and large enterprises. The product line was eventually succeeded by the IBM FlashSystem in February 2020.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2004
Headquarters
Marlborough, United States
Open positions
None listed
Dealroom signal
23.0/100
Industry
Home Living
Sector
Home Living, Appliances, Hard Tech
Technology
Hardware
Client focus
b2b

Latest news

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Jun 2010 $140M $140M IBM
SERIES CEquity / VC Apr 2008 $19M $76M Sequoia · Bessemer Venture Partners · Lehman Brothers
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Growth signals

Storwize website traffic

Latest recorded traffic for Storwize is 70 monthly website visits, down 89.4% over the last three months.

Latest monthly visits70 3-month web change-89.4%
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Investors

6 investors on the cap table

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

Series A1 investor entered at this stage

Series B and later2 investors entered at this stage

Other known investors3 additional known investors

Team profiled 10 named & role-tagged
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Key operators 3 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
🇺🇸 United States · Marlborough HQ
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Market sentiment

Posts on X, past 7 days

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

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

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