Hedvig Closes $21.5M Funding Round, HPE Invests In The Software-Defined Storage Startup

Hewlett Packard Enterprise has taken an equity stake in yet another storage startup as one of the investors in a $21.5-million round of funding in Hedvig, a developer of software-defined storage technology.

The Hedvig Distributed Storage Platform combines block, file, and object storage for bare metal, hypervisor and container environments, with performance that increases as the solution scales.

With the new Series C round of funding and its new investor, Hedvig expects to see opportunities working with HPE in the future, said Rob Whiteley, vice president of marketing for the Santa Clara, Calif.-based startup.

[Recent: CRN Exclusive: HPE's Antonio Neri Discusses Nimble Storage Acquisition And Nimble's Lenovo And Cisco Relationships]

"We offer a software-defined storage platform that is very flexible," Whiteley told CRN. "We want to ramp up solutions with new partnerships. The HPE relationship gives us more opportunities to tackle enterprise requirements."

Phil Williams, Hedvig's vice president of channels and business development, told CRN that he expects his companies will have more opportunities to work with HPE with this new round of funding.

"We're not prepared to talk much about it yet," Williams said. "But investments like this are a way to bring new technologies into a company like HPE. But we're still working on the details."

The new funding round, which brings total funding in Hedvig to $52 million, will also be used to expand the company's global presence and build out its sales and marketing capabilities, Whiteley said.

"Software-defined storage is picking up a lot of steam, but it's still a new market," he said. "The number-one spot is still up for grabs."

In another sign of possible interest in Hedvig, HPE also appointed Milan Shetti, chief technology officer of its Data Center Infrastructure group, as technical advisor to Hedvig, Whiteley said.

Shetti is no stranger to working with startups which eventually get acquired. He as president and CEO of Ibrix when it was acquired by Hewlett-Packard in 2009. Ibrix developed file-serving software that provided data protection, management, and availability to scale-out and cloud computing environments

Read more articles on: