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“Worldwide spending on data storage architecture is set to be worth $78 billion in 2021,” says Joel Whitley, Principal at IAG Capital Partners. Ctrl IQ was founded by HPC veteran and recent Rocky Linux founder Gregory Kurtzer. OpenDrives will combine performance storage and compute with secure applications for a fully supported stack from the data center to the cloud to the edge.
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OpenDrive also announced a strategic investment in Ctrl IQ set to debut this month, providing the core technology stack to enable scalable, secure and hybrid orchestration of workflows. OpenDrives’ Ultra Hardware Platform includes three different NAS hardware solutions to meet changing business requirements “Although our core DNA is in providing on-premise storage solutions, we’re backed by dynamic team expertise and investment partners who all share our bold vision for enabling the next generation of compute storage in delivering a more holistic solution to the industry.”
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“Every innovation in our company has been powered by anticipating our customers’ needs, whether it was creating storage capacity to handle the first 6K film, bringing portable studios to live global broadcast or accelerating remote capabilities when Covid-19 forced customers into a work-from-home environment,” says David Buss, Chief Executive Officer of OpenDrives. OpenDrives will use the capital to grow the company, accelerating product development to introduce modern high performance computing (HPC), onprem, and hybrid cloud capabilities for global businesses in enterprise, media and entertainment, pharmaceutical, and federal government agency markets.
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The round was led by IAG Capital Partners bringing the company’s total capital raised to $30 million. OpenDrives has raised up to $20 million in Series B funding.