Pavilion Preps for Growth with $45M Series D, New Leadership
Pavilion Data Systems announced a $45 million Series D funding round this week, bringing its total funding to $107 million. The round was led by Kleiner Perkins and Artiman Ventures.
Pavilion plans to use the new funding to expand its flagship product, the Pavilion HyperParallel Data Platform, a scalable flash storage platform for analytics and AI/ML applications. The company claims its Flash Array 4RU system has over 2.2PB of capacity with up to 120GB/s throughput and 20M IOPS that scales linearly across arrays. Customers can scale systems all the way up to over 1.2TB/s in a full rack with a usable capacity of over 15PB. The company also touts its composable, disaggregated storage solution’s affordability in terms of dollars per gigabyte and IOPS, which can drive down costs and improve application performance.
The data analytics acceleration platform provider claims it had a successful 2021, having increased deployment in federal agencies and Fortune 500 companies, with 80% of these deployments for analytics, legacy, ML, and streaming applications. Pavilion doubled new customers and 75% of its 2020 customers repurchased in 2021. The company opened new offices in Atlanta, Boston, and London, and also launched a federal government-focused sales division.
Pavilion also attributes its prosperous year to the expansion of its employee base, as it made several key executive hires throughout the year, including Dario Zamarian as CEO in July, and Shridar Subramanian as Chief Marketing and Product Officer announced today.
Before joining Pavilion, Zamarian was CEO of Space Systems/Loral, as well as Operating Advisor with the investment firm Blackstone Group. Zamarian was also Global Vice President & Worldwide General Manager of Enterprise Systems and Solutions at Dell where he founded Dell’s broad portfolio of data center solutions.
Prior to Zamarian’s executive appointment, the company had ongoing leadership changes. Pavilion’s original founders in 2014 were Kiran Malwankar (now VP of Systems Engineering at Tachyum) and current Pavilion Chief Development Officer Sundar Kanthadai. CTO VR Satish joined the company in December 2015 and is also considered a co-founder. Malwankar was replaced in 2016 by Shri Dodani, who was then replaced by Gurpreet Singh. The end result of so much turnover was a stagnant company without a clear direction, which is why the company’s board tasked Zamarian with turning it around.
Under Zamarian’s leadership, it seems the company’s strategies are paying off.
“Pavilion is proving its market acceptance across a broad range of industry verticals as an analytics acceleration platform for legacy and next-generation applications,” noted Zamarian. “2021 saw the company grow its employee base by 50% across all functions. This, combined with additional funding from our investors, our expanded leadership team, and the strong position of our flagship HyperParallel Data Platform will enable us to take data analytics acceleration to the next level.”