# Elastifile

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elastifile

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.elastifile.com
- Total disclosed funding: $59M
- Latest round: Series C (Sep 6, 2017)
- Investors on record: 6

## About

Elastifile Ltd. specializes in cloud file storage solutions, providing high-performance data management for enterprises through its innovative file storage technologies.Founded in 2013 and headquartered in Santa Clara, US, Elastifile Ltd. offers scalable cloud file storage solutions. The company, founded by Roni Luxenburg, has completed a total of 5 deals, with its most recent deal occurring on July 9, 2019. Elastifile raised USD 16.00 mn in its Series C funding round, led by Western Digital Capital, with additional investments from Battery Ventures, Cisco Investments, CreditEase Fintech Investment Fund, Dell Technologies Capital, and Lightspeed Venture Partners. The company was targeted for acquisition by Google Inc. in July 2019, with the transaction expected to close in late 2019.Elastifile Ltd. provides Filestore, a fully managed high-performance cloud file storage service available through Google Cloud. Filestore caters to various workloads including high-performance computing, data analytics, and enterprise applications, offering low-latency storage operations, accommodating up to 100 TB of capacity, and achieving throughput of 25 GB/s and 920,000 IOPS. It serves clients in sectors such as financial services, healthcare, and technology, ensuring reliable data access across multiple markets, including North America, Europe, and the Asia-Pacific region.Filestore operates under a pay-as-you-go pricing model, charging clients based on allocated storage capacity and service tiers. It offers several service tiers, including Basic HDD, Basic SSD, Enterprise, and Zonal SSD, designed to meet diverse performance needs. The revenue structure primarily targets B2B clients who require managed storage solutions on a subscription basis, allowing organizations to pay only for the storage they utilize without incurring costs for unused capacity. This flexibility enables clients to scale their storage requirements efficiently as their operational needs evolve.Elastifile Ltd. has plans for future growth largely centered around the acquisition by Google Inc., which is expected to enhance its product offerings and market reach. The company intends to leverage the resources and technology of Google to expand its cloud file storage capabilities, tapping into new geographic regions for their services. The recent funding will support the integration of their technologies with Google Cloud's infrastructure and enhance product innovation, ensuring they meet the evolving demands of clients in the cloud storage market.

## Funding rounds

- Series C, Sep 6, 2017, $16M — Battery Ventures, Lightspeed Venture Partners, Western Digital Capital, Cisco Investments, CreditEase Fintech Investment Fund, Dell Technologies Capital
- Series B, Jun 14, 2016 — Cisco Investments
- Series B, Jan 12, 2016, $35M — Battery Ventures, Lightspeed Venture Partners
- Series A, Jan 14, 2014, $8M — Battery Ventures, Lightspeed Venture Partners

## Investors

- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A, Series B, Series C
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B, Series C
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series B, Series C
- Western Digital Capital (https://capitalatlas.ai/funds/western-digital-capital) — Series C
- CreditEase Fintech Investment Fund (https://capitalatlas.ai/funds/creditease-fintech-investment-fund) — Series C
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series C