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Storwize
Provider of real-time data compression solutions that boost storage space on network storage environments
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.
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Press, funding announcements and product moves mentioning Storwize.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jun 2010 | $140M | $140M | IBM | — |
| SERIES C✓Equity / VC | Apr 2008 | $19M | $76M | Sequoia · Bessemer Venture Partners · Lehman Brothers | — |
Growth signals
Latest recorded traffic for Storwize is 70 monthly website visits, down 89.4% over the last three months.
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Investors
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
Bessemer Venture Partners
Lehman Brothers
Other known investors3 additional known investors
IBM
Amos Talmor
Tenaya Capital
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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