Kasten,
a market leader in cloud-native data management, today announced a $14 million Series A round led by Insight Partners, bringing the
company's total funding to $17 million to date. The Series A financing builds on
an exceptional year for Kasten which saw a rapidly growing roster of enterprise
customers that are scaling cloud-native deployments. The investment will be
used to grow all areas of the company including sales, engineering, and
marketing, in addition to creating an R&D center in Salt Lake City, Utah.
Michael Triplett, managing director of Insight Partners, will join Kasten's
Board of Directors.
"We found Kasten's innovative data management
platform to be the best in the market, and it is perfectly timed to take
advantage of the explosive ecosystem growth," said Triplett. "We look forward
to working closely with the leadership team as they scale the company and
accelerate the adoption of Kasten's platform across a wide segment of
enterprise customers."
Kasten's
K10 data management platform uses a novel application-centric approach to data
management for cloud-native applications. It enables enterprises to meet
business continuity and compliance requirements around stateful container-based
applications running at scale on public and private Kubernetes deployments.
Kasten's solution provides enterprise IT and DevOps teams with much needed
operational discipline and peace of mind when handling use cases like Backup
and Recovery, Cloud Migration, and Disaster Recovery.
"In
today's hybrid and multicloud environments, effective data management for
cloud-native applications is becoming increasingly important," Brad Casemore,
Research Vice President for Datacenter Networks at IDC. "Kasten has responded
to this need with an application-centric approach to data management for
Kubernetes environments that addresses day-2 operations such as backup,
disaster recovery, and application continuity."
"This is an exciting time for Kasten as we are
experiencing significant traction in the enterprise, and with the new funding
we will be able to further accelerate our growth and take advantage of the
large opportunity in front of us. Insight and Michael Triplett's deep expertise
in both the cloud-native and data management space make them the perfect
partner to help us achieve this," said Niraj Tolia, co-founder and CEO, Kasten.