Top 12 Data Storage Device Investors in the US
Top 12 Data Storage Device Investors in the US
The data storage device industry in the US is pivotal to managing, storing, and safeguarding vast amounts of information. It comprises companies producing hard drives, SSDs, cloud solutions, and innovative data management systems. As organizations increasingly rely on digital storage, trends point toward advancements in cloud computing, increased demand for data security, and rapid growth in storage capacity. Notably, the shift towards remote work and the explosion of big data analytics is driving companies to seek innovative storage solutions that enhance efficiency and accessibility. This thriving sector is crucial for supporting tech-dependent businesses across the country.
The investor landscape in this sector includes a range of venture capital firms and private equity groups. Strategically located across the US, from California to New York, these investors vary in size and funding focus, with established firms like Intel Capital and emerging players like Deep Tech Fund. In 2024, these 12 investors collectively executed over 1,000 transactions, demonstrating robust activity and commitment to scaling companies in the data storage device domain. With a foundation ranging from 1977 to as recent as 2023, their seasoned expertise is invaluable for startups aiming for growth.
Top 12 Data Storage Device Investors in the US
1. Y Combinator
- Website: ycombinator.com
- Type: Venture Capital
- Headquarters: San Francisco, California, United States (USA)
- Founded year: 2005
- Headcount: 51-200
- Number of deals in 2024: 802
- LinkedIn: y-combinator
Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies through a structured program that helps entrepreneurs launch and grow their businesses. Y Combinator has successfully launched over 4,000 startups, making it a key player in the technology startup ecosystem. Among its notable investments, Y Combinator has backed companies in the data storage device sector, including Dropbox, which raised $15,000 in its seed round in 2007 and has become a leading cloud storage provider. Additionally, Y Combinator invested in Filecoin, which raised $120,000 in a seed round in 2014, focusing on decentralized storage solutions. Other relevant investments include Kern Systems and Clustrix, both of which are involved in data management and storage technologies. This diverse portfolio highlights Y Combinator's active role in fostering innovation within the data storage industry.
2. Intel Capital
- Website: intelcapital.com
- Type: Venture Capital
- Headquarters: Santa Clara, California, United States (USA)
- Founded year: 1991
- Headcount: 11-50
- Number of deals in 2024: 23
- LinkedIn: intelcapital
Intel Capital is a venture capital firm based in Santa Clara, California, founded in 1991. The firm invests in early-stage technology companies, focusing on areas such as AI, cloud computing, and semiconductor technologies. Intel Capital provides funding, strategic support, and access to Intel's resources to help startups scale and innovate within the tech ecosystem. Notably, Intel Capital has made significant investments in the data storage device sector, including a $35 million investment in DataCore Software in 2000, which specializes in software-defined storage solutions. Additionally, they have invested in Cloudian, a cloud storage software company, participating in multiple funding rounds including a Series B round in 2013 and a Series D round in 2016, as well as a recent funding round in 2023 to support Cloudian's hybrid cloud platform expansion. Their involvement in these companies highlights their active role in the data storage industry.
3. Deep Tech Fund (an Alumni Ventures Fund)
- Website: av.vc
- Type: Venture Capital
- Headquarters: Manchester, New Hampshire, United States (USA)
- Founded year: 2023
- Headcount: 51-200
- Number of deals in 2024: 258
- LinkedIn: deep-tech-fund-av-focused-fund
Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios, leveraging a network of over 10,000 investors to connect them with high-quality investment opportunities in the startup ecosystem. Notably, the fund has been involved in several key transactions in the data storage device sector, including significant investments in Wasabi Technologies, which raised $112 million in a Series C round and has been a consistent recipient of funding from various rounds, indicating its strong position in the cloud storage market. Additionally, the fund's investment in Filecoin, a prominent decentralized storage network, highlights its commitment to innovative data storage solutions.
4. New Enterprise Associates (NEA)
- Website: nea.com
- Type: Venture Capital
- Headquarters: Menlo Park, California, United States (USA)
- Founded year: 1977
- Headcount: 51-200
- Number of deals in 2024: 57
- LinkedIn: new-enterprise-associates
New Enterprise Associates (NEA) is a prominent venture capital firm based in Menlo Park, California, founded in 1977. NEA specializes in investment management and advisory services for startups, particularly in the technology and healthcare sectors. The firm partners with entrepreneurs to provide funding and strategic guidance, helping them navigate the challenges of building successful businesses. NEA operates through a collaborative approach, emphasizing long-term relationships with founders. Notably, NEA has invested in several key players in the data storage device industry, including SolidFire, where they participated in multiple funding rounds (Series A, B, and C) totaling over $60 million. They also contributed to DataCore Software's funding, showcasing their commitment to supporting innovative companies in the data storage space. This combination of experience and focus on data storage technology positions NEA as a significant investor in this sector.
5. Plug and Play Tech Center
- Website: plugandplaytechcenter.com
- Type: Venture Capital
- Headquarters: Sunnyvale, California, United States (USA)
- Founded year: 2006
- Headcount: 501-1000
- Number of deals in 2024: 253
- LinkedIn: plug-and-play-tech-center
Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They connect startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities in the technology sector. Notably, Plug and Play has been involved in significant transactions within the data storage device industry, particularly with NGD Systems, which raised a total of $20 million in a Series C round and $12.4 million in a Series B round, both aimed at advancing their NVMe computational storage drive technology. Additionally, they have participated in earlier funding rounds for NGD Systems, demonstrating a sustained interest in the data storage sector. Their diverse investment portfolio, which includes companies like ANAFLASH, further showcases their broad engagement in technology, while their specific transactions in data storage make them a relevant player in this field.
6. Goldman Sachs
- Website: goldmansachs.com
- Type: Private Equity
- Headquarters: New York, New York, United States (USA)
- Founded year: 1998
- Headcount: 10001+
- Number of deals in 2024: 59
- LinkedIn: goldman-sachs
Goldman Sachs is a prominent investment bank and financial services firm based in New York, New York, founded in 1998. The firm provides a wide range of services including investment banking, asset management, and wealth management, catering to a diverse clientele that includes corporations, financial institutions, and individuals. In the context of data storage devices, Goldman Sachs has made significant investments in companies such as Infinidat, which raised funds in a Series D round, and Cloudian, an object storage company that has raised substantial amounts across multiple funding rounds, including $94 million in Series E and $41 million in Series D. Additionally, they invested in Qumulo, which raised $93 million in Series D. These transactions highlight Goldman Sachs' active role in the data storage device sector, showcasing their interest and investment in innovative storage solutions.
7. Accel
- Website: accel.com
- Type: Venture Capital
- Headquarters: Palo Alto, California, United States (USA)
- Founded year: 1983
- Headcount: 51-200
- Number of deals in 2024: 101
- LinkedIn: accel-vc
Accel is a venture capital firm founded in 1983, based in Palo Alto, California, specializing in investing in startups and early-stage companies primarily within the technology sector. The firm has a global presence with offices in San Francisco, London, India, and China. Notably, Accel has invested in Dropbox, a prominent player in the data storage industry, participating in both its Series A and Series B funding rounds, which raised a total of $256 million. This involvement highlights Accel's commitment to supporting innovative companies in the data storage space, alongside other technology ventures such as Borqs Technologies and Terracotta, which further showcases their diverse investment strategy in the tech landscape.
8. Insight Partners
- Website: insightpartners.com
- Type: Venture Capital
- Headquarters: New York, New York, United States (USA)
- Founded year: 1995
- Headcount: 201-500
- Number of deals in 2024: 64
- LinkedIn: insight--partners
Insight Partners is a venture capital firm based in New York, specializing in providing investment and advisory services to high-growth technology and software companies. Founded in 1995, the firm manages over $75 billion in assets and has a team of 201-500 professionals. Insight Partners has a strong track record of supporting its portfolio companies through capital investment and operational expertise. Notably, they have invested in DataCore Software, a company focused on data storage solutions, and have made significant investments in Veeam Software, a data management company that raised $500 million for global expansion and product development in the data management sector. Their involvement in these transactions highlights their commitment to the data storage device industry, making them a relevant player in this space.
9. SV Angel
- Website: svangel.com
- Type: Venture Capital
- Headquarters: San Francisco, California, United States (USA)
- Founded year: 2009
- Headcount: 1-10
- Number of deals in 2024: 44
- LinkedIn: sv-angel
SV Angel is a venture capital firm based in San Francisco, California, founded in 2009. The firm focuses on early-stage and growth-stage technology companies, providing financial backing, strategic advice, and access to a vast network of industry experts. Notably, SV Angel has invested in several companies within the data storage device context, including Dropbox, which raised $250 million in Series B funding to enhance its business and partnerships. They also invested in Sia, a decentralized cloud storage platform, during its seed round in 2019. Other relevant investments include Citus Data and SingleStore, both of which focus on database management and data storage solutions, as well as Cumulus Networks, which specializes in networking solutions for data centers. These transactions highlight SV Angel's commitment to fostering innovation in the data storage sector.
10. Tiger Global
- Website: tigerglobal.com
- Type: Venture Capital
- Headquarters: New York, New York, United States (USA)
- Founded year: 2001
- Headcount: 51-200
- Number of deals in 2024: 25
- LinkedIn: tiger-global-management
Tiger Global Management, LLC is a prominent investment firm based in New York, specializing in both public and private equity investments. Founded in 2001, the firm manages approximately $50 billion and focuses on innovative companies leveraging technology. Tiger Global has been actively involved in the data storage device industry, with notable investments in companies such as Pure Storage, which raised significant funding rounds including $225 million in Series F and $150 million in Series E, and VAST Data, which secured $83 million in Series D funding led by Tiger Global. These investments highlight the firm's commitment to supporting companies that are at the forefront of data storage technology, catering to the needs of institutional investors and high-net-worth individuals seeking growth in this sector.
11. Qualcomm Ventures
- Website: qualcommventures.com
- Type: Venture Capital
- Headquarters: San Diego, California, United States (USA)
- Founded year: 2000
- Headcount: 10001+
- Number of deals in 2024: 18
- LinkedIn: qualcomm-ventures
Qualcomm Ventures is a venture capital firm based in San Diego, California, founded in 2000. The firm specializes in investing in early to growth stage technology companies, particularly within the wireless ecosystem. They provide capital and strategic support to startups across various sectors, including automotive, digital health, and IoT. Notably, Qualcomm Ventures has participated in significant funding rounds for companies in the data storage device industry, such as MemBlaze, a developer of Flash memory products, and Avalanche Technology, which focuses on non-volatile storage class memory solutions. Their investments in these companies demonstrate their engagement in the data storage sector, alongside their broader technology investment strategy.
12. IQT (In-Q-Tel)
- Website: iqt.org
- Type: Venture Capital
- Headquarters: Arlington, Virginia, United States (USA)
- Founded year: 1999
- Headcount: 51-200
- Number of deals in 2024: 24
- LinkedIn: in-q-tel
In-Q-Tel (IQT) is a not-for-profit venture capital firm founded in 1999, based in Arlington, Virginia. It specializes in investing in technology startups that can enhance U.S. national security. IQT collaborates with various government agencies to identify and support innovative solutions across multiple technology sectors, including software and materials sciences. Among its notable investments, IQT has participated in funding rounds for Pure Storage, which raised $225 million in a Series F funding round, highlighting its commitment to the data storage device industry. Additionally, IQT has invested in companies like MongoDB, which, while primarily a database technology provider, also plays a role in data management and storage solutions. These transactions illustrate IQT's engagement with technologies that are critical to data storage and management, reinforcing its relevance in this field.
Data Storage Device Insights: Key Investors in the US
| Investor | Headquarter | Size | Founded | Deals 2024 |
|---|---|---|---|---|
| Y Combinator | San Francisco, California, United States (USA) | 51-200 | 2005 | 802 |
| Intel Capital | Santa Clara, California, United States (USA) | 11-50 | 1991 | 23 |
| Deep Tech Fund (an Alumni Ventures Fund) | Manchester, New Hampshire, United States (USA) | 51-200 | 2023 | 258 |
| New Enterprise Associates (NEA) | Menlo Park, California, United States (USA) | 51-200 | 1977 | 57 |
| Plug and Play Tech Center | Sunnyvale, California, United States (USA) | 501-1000 | 2006 | 253 |
| Goldman Sachs | New York, New York, United States (USA) | 10001+ | 1998 | 59 |
| Accel | Palo Alto, California, United States (USA) | 51-200 | 1983 | 101 |
| Insight Partners | New York, New York, United States (USA) | 201-500 | 1995 | 64 |
| SV Angel | San Francisco, California, United States (USA) | 1-10 | 2009 | 44 |
| Tiger Global | New York, New York, United States (USA) | 51-200 | 2001 | 25 |
| Qualcomm Ventures | San Diego, California, United States (USA) | 10001+ | 2000 | 18 |
| IQT (In-Q-Tel) | Arlington, Virginia, United States (USA) | 51-200 | 1999 | 24 |
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