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The Enterprise Flash Market is Taking Off May 10, 2012

Posted by Barry Eggers in enterprise infrastructure, flash.

Congratulations to Lightspeed portfolio company XtremIO and founders Ehud, Shuki, and Yaron for their acquisition which was announced today.  This is another reminder of just how fast flash has gone from promising consumer technology to mainstream enterprise building block – primarily fueled by the proliferation of virtualization, BI, and Big Data coupled with the rapid decline in flash pricing.

We made our first investment in an enterprise flash company (Pliant Technology) in 2007; in 2008 we blogged about the potential for this technology to disrupt the storage market and in 2010 predicted that it could be the next $10 Billion dollar IT market.

Venture dollars have flowed into the enterprise flash market over the last few years and, to date, there have been 7 major liquidity events for venture-backed companies: FusionIO’s IPO (a Lightspeed portfolio company), Pliant (a Lightspeed portfolio  company acquired by Sandisk), Sand Force (LSI), Anobit (Apple), IOTurbine (a Lightspeed portfolio company acquired by FusionIO), Flashsoft (Sandisk), and XtremeIO (a Lightspeed portfolio company).  There are also a number of promising companies emerging in this market, including Violin Memory, Nimble Storage (a Lightspeed portfolio company), Pure Storage, Solidfire, Tintri (a Lightspeed portfolio company), Avere, Kaminario, and Nutanix (a Lightspeed portfolio company) as well as many others in development phases.

Despite all of the exit activity, we are in the early innings of this market – stay tuned for more fireworks…


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