In a round of oversubscribed funding, Delphix has raised $75 million. This round of funding was led by Fidelity Management and Research Company, part of Fidelity Investments. Other Investors include Credit Suisse NEXT Investors, LLC, a fund managed within Credit Suisse Asset Management, The Kraft Group, and existing investors, including Greylock Partners, Lightspeed Venture Partners, and Icon Ventures.
Delphix plans on using the funding to scale sales, marketing, and operations across global geographies while maintaining its leadership in Data as a Service (DaaS). The company also plans on aggressively investing in cloud, analytics, and data security technologies in order to improve its DaaS platform for its customers.
Delphix was founded in 2008, and came out of stealth in 2010. Its management team has decades of experience in the information technology field, including its CEO, Jedidiah Yueh, who founded Avamar in 1999. Delphix’ primary product is its DaaS platform which the company states is a disruptive and transformative market that accelerates application releases and cloud migrations, while reducing IT costs. The company has demonstrated tremendous growth since coming out of stealth including:
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