OpenDrives, Network-Attached-Storage (NAS) Solutions Provider, Raises Up To $20M in Series B Funding Led by IAG Capital Partners
OpenDrives, Inc., the global provider of enterprise-grade, hyper-scalable network-attached-storage (NAS) solutions designed to handle data-heavy workflows while maximizing performance, announced today that it has raised up to $20 million in Series B funding. The round was led by IAG Capital Partners bringing the company’s total capital raised to $30 million.
OpenDrives will use the capital to grow the company, accelerating product development to introduce modern high performance computing (HPC), on-prem and hybrid cloud capabilities for global businesses in enterprise, media and entertainment, pharmaceutical, and federal government agency markets.
Also announced today is OpenDrives’ strategic investment in Ctrl IQ, Inc., set to debut this month, providing the core technology stack to enable scalable, secure and hybrid orchestration of workflows. OpenDrives will combine performance storage and compute with secure applications for a fully supported stack from the data center to the cloud to the edge. Ctrl IQ was founded by HPC veteran and recent Rocky Linux founder Gregory Kurtzer.
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The capital will further amplify OpenDrives’ 2020 momentum, which included the release of three new product series, a fully customizable NAS hardware platform, supported by a fully re-designed Atlas software release. These milestones for the company enabled the delivery of scale-out capabilities without sacrificing scale-up performance.
OpenDrives has been answering customer needs since its founding in 2011. The company was created to answer the technical challenges director David Fincher (Mank, Mindhunter, The Social Network, Gone Girl, The Girl with the Dragon Tattoo) faced in post-production. Those challenges centered around speed, latency, and scalability in creating his blockbuster films. OpenDrives has since powered high-fidelity films for every major Hollywood studio, handling some of the most demanding workflows in the media and entertainment industry, from individual workstation-level to enterprise-level, with customizable NAS solutions.
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