TEL AVIV, Israel, November 11 /PRNewswire/ -- JVP and Giza, two leading
Israeli venture capital funds, have announced an A-round investment in
XtremIO, an early-stage venture developing Solid State Drive (SSD) data
storage systems. XtremIO's solutions are designed to deliver ultra-high
performance in Enterprise storage environments, while addressing existing
storage device limitations and data network connectivity challenges.
Ehud Rokach, CEO, XtremIO: "We are happy that Giza and JVP share our
vision and see the potential in XtremIO's proposition. During our discussions
we got to know the investment teams and we feel we found people who
understand what it takes to successfully bring innovative technologies to
market."
Data storage system performance is a major bottleneck to modern data
centers. XtremIO is developing Enterprise solutions that will enable shared
storage environments with substantial performance improvements, efficient
utilization of IT resources, and a low capital investment. The company's
founders, Ehud Rokach, Yaron Segev, Shachar Frank, Prof. Shuki Bruck and
Aryeh Mergi, have vast experience in the high-tech industry including a
variety of technological fields, entrepreneurship and building technological
companies from the concept stage up to companies that show important sales
volume.
"XtremIO is exactly the type of companies we like to see in our
portfolio: early-stage ventures, led by a strong management team of seasoned
entrepreneurs, and bringing cutting-edge technology which can have a major
impact on the market in which it operates and become a significant player,"
said Eyal Niv, Managing Director, Giza
"We are proud to announce our investment into this exciting new venture,"
said Kobi Rozengarten, General Partner, JVP. "JVP strongly supports
investments into companies that develop technologies which will greatly
impact new media markets. XtremIO is one of these startups, and we're
thrilled to help drive innovation."
JVP is one of the leading venture capital funds in Israel. The fund
operates from Jerusalem and manages over 780 million dollars. JVP focuses on
building market leaders in the fields of digital media technology, including
gaming and virtual worlds, mobile media, software and hardware applications
and Internet advertising. With leading industry venture partners and
consultants in New York, Los Angeles and Europe and an international network
of strategic partners, JVP leverages its unique market expertise, its
dedicated management team and substantial capital base to build companies
with the potential of shaping the global markets.
About Giza http://www.gizavc.com
Giza Venture Capital established in 1992, is a pioneer investor in seed
and early-stage technology companies and currently manages five funds
totaling over $600 million.
Giza's investment professionals have a wealth of expertise and experience
in Communications, Semiconductors, Information Technology, Enterprise
Software, Life Sciences, CleanTech, Media, Internet & Entertainment. This
expertise empowers the team's decision-making and problem solving
capabilities and accounts for the Fund's hands-on approach in working closely
with its portfolio companies. Giza has invested in 87 companies in the
sectors of Communications, Information Technology, Enterprise Software and
Life Sciences. Giza's vision in recognizing future technology leaders has led
to over 30 successful exits. Giza also has a seed stage investment plan
called the Ofek Program whose goal is to secure investment in high-quality
seed opportunities at the earliest possible stage. The Fund brings
significant added value to its portfolio companies post-investment through
involvement at board level as well as providing active support in strategy,
marketing, financial and personnel-related decisions.
For More Information :
Tania Amar
Vice President Marketing, JVP
Tania@jvpvc.com
http://www.jvpvc.com
SOURCE JVP
