To say Moshe Yanai is an influential figure in the storage industry would be an understatement. Having led the development of EMC’s flagship Symmetrix platform and founded several startups, he also has over 40 patents to his name in the US. His latest venture Infinidat is one of the most valued privately held companies in the world, and Yanai has stated his vision for this company is an IPO. It looks like he is headed in the right direction.
Infinidat Inc., a secretive young data storage company, has burst into public view with $150 million in new funding and a valuation of $1.2 billion, placing it among the most valuable privately held companies in the world.
The round was led by TPG Growth and takes total funding to $230 million, which may be enough to take Infinidat to an initial public offering, according to head of marketing Gareth Taube.
Founder and Chief Executive Moshe Yanai “has started and sold a number of companies, but his mantra for this one is to take it public,” Mr. Taube said. Read Full Story