Infinidat Acquisition, Valuation, Funding & Investors
Infinidat was acquired by Lenovo in January 2025.
About Infinidat
Infinidat is a Waltham, Massachusetts-headquartered storage provider founded in 2011. Its InfiniBox arrays deliver 30 PB effective capacity in 42U racks using software-defined architecture. The systems support block, file, and object protocols for hybrid cloud. Infinidat equips enterprises with ransomware protection via air-gapped snapshots.
Founded
2011
HQ
HerzliyaWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Product sales, Subscription
Valuation
$1.6B (Oct 2017)
Infinidat Acquisition
Infinidat was acquired by Lenovo for an undisclosed price on 16 January 2025.
Before the acquisition Infinidat had raised $325M across 3 funding rounds.
Infinidat, an Israel-based provider of high-end enterprise storage solutions founded in 2011, specializes in mission-critical, cyber-resilient systems including InfiniBox and InfiniGuard powered by InfuzeOS, featuring AI-driven Neural Cache for accelerated data access and immutable backups against ransomware. The company achieved profitability in 2022 after raising over $350 million from investors like TPG and Goldman Sachs, targeting large enterprises with petabyte-scale economics, 100% availability guarantees, and performance SLAs. Lenovo Group Limited, a global technology leader in servers, networking, and entry-to-midrange storage like flash/hybrid arrays, HCI, SDS, and TruScale, announced on January 16, 2025, a definitive agreement via its subsidiary to acquire Infinidat for an undisclosed sum, with closure expected by year-end 2025 pending regulatory approval. The acquisition strategically expands Lenovo's portfolio into high-end storage, complementing its SMB and midrange offerings to compete with Dell and HPE, while integrating Infinidat's software-defined innovations for AI workloads, data protection, and scalable environments. Lenovo gains Infinidat's in-house R&D, including an InfiniBox development center in Israel, to enhance end-to-end IT solutions across on-premises and hybrid multi-cloud setups, leveraging its global infrastructure, supply chain, and customer relationships for sustainable growth. Infinidat's CMO confirmed in September 2025 the deal remains on track, positioning products within Lenovo's Infrastructure Solutions Group without altering guarantees, and enabling new revenue for channel partners. This move addresses surging data growth and AI demands, with Infinidat's G4 arrays recently expanded for smaller footprints in remote data centers, marking Lenovo's shift from partnerships to owned high-end capabilities previously absent in its lineup.
| Acquirer | Date | Type |
|---|---|---|
| 16 Jan 2025 | Strategic M&A |
Infinidat Valuation
Infinidat is currently valued at $1.6B, based on its Series C in October 2017.
The $95M round was led by Goldman Sachs Growth Equity, with participation from TPG.
Infinidat's valuation has grown 1.3x from $1.2B at its Series B in April 2015 to $1.6B in October 2017, across 2 priced rounds.
Infinidat valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2017 | Series C | $1.6B |
| Apr 2015 | Series B | $1.2B |
Infinidat Funding History
Infinidat has raised a total of $325M across 3 funding rounds.
Infinidat's first fundraising round was a $80M Series A in January 2013. The most recent completed round was a $95M Series C in October 2017.
Infinidat funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2017 | Series C | Goldman Sachs Growth Equity (lead); TPG | $95M | $1.6B | Infinidat, founded in 2011 by EMC veteran Moshe Yanai, develops petabyte-scale data storage solutions like the InfiniBox platform, targeting enterprise customers in telecom, banking, and cloud services with hybrid arrays using DRAM for high performance against all-flash competitors. By October 2017, it had several hundred enterprise customers, over 2 exabytes of deployed storage, offices in 17 countries, and 500 employees. On October 3, 2017, Infinidat closed a $95 million Series C funding round led by Goldman Sachs Private Capital Investing, with participation from prior investor TPG Growth, bringing total equity funding to $325 million since inception (including $80 million circa 2012 and $150 million Series B in 2015). The round valued the company at a $1.6 billion post-money valuation, a 33% increase in less than 2.5 years, positioning it as a unicorn in the $40 billion data storage market. The company reported profitability with 13 consecutive quarters of revenue growth, including 250% year-over-year growth in Q2 2017 (ended June 2017), and most customers generating over $1 million in deal revenue. Funds will expand R&D for secondary storage and public cloud offerings, scale sales and marketing, enter new segments and geographies, and accelerate toward an IPO. Infinidat differentiates by focusing on customer needs over hype, achieving record growth for a storage startup while remaining profitable, contrasting with struggling all-flash array vendors like Pure Storage facing losses. |
| Apr 2015 | Series B | TPG (lead) | $150M | $1.2B | Infinidat, founded in 2010 by Moshe Yanai (EMC and IBM Fellow, inventor of EMC Symmetrix), develops enterprise-class storage solutions addressing data growth challenges with its flagship InfiniBox unified storage system supporting block, file, and object storage, plus InfiniSnap for unlimited space-efficient snapshots. The company emerged from stealth on April 29, 2015, announcing a $150 million second funding round led by TPG Growth, bringing total funding to $230 million and post-money valuation to $1.2 billion. TPG joined the board, with terms undisclosed. The InfiniBox offers high performance, capacity, reliability, and cost-effectiveness using software-defined storage on commodity hardware, hybrid SSD/HDD mixes, and advanced functions, targeting the $40 billion enterprise storage market. By 2015, it was production-proven in multiple Fortune 500 companies, with reports of tens of systems managing 10PB of data sold to customers including one in Shenzhen and Tricor; partnerships included VMware, UK distie Channelfusion, and plans for more resellers. TPG highlighted Infinidat's innovation in enterprise IT, predicting it as a game-changer. Analysts like Arun Taneja (Taneja Group) and Mark Peters (ESG) praised its feature-rich solution, economic attractiveness, and potential to disrupt with provable hardware without availability compromises. Funds aimed to fuel global expansion to meet demand for next-generation storage. This round positioned Infinidat as a unicorn among storage startups. Subsequent developments included a 2017 $95 million Series C led by Goldman Sachs Private Capital Investing (with TPG participation), raising total funding to $325 million at $1.6 billion valuation, with over 2 exabytes deployed, 13 quarters of profitable revenue growth (250% Y/Y in 2Q17), and hundreds of enterprise customers. |
| Jan 2013 | Series A | Security Growth Partners (lead) | $80M | - | - |
Who has invested in Infinidat?
3 investors have backed Infinidat across its funding rounds, including TPG, Goldman Sachs Growth Equity and Security Growth Partners.
Lead investors include Goldman Sachs Growth Equity, TPG and Security Growth Partners.
Infinidat Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 San Francisco, CA | 2 | Lead | Apr 2015 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialInfinidat Competitors
Infinidat competitors include listed companies like CommVault Systems and TRS Information Technology, and private ones like Qumulo, Cribl, XSKY Data Technology and DataDirect Networks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Seattle, WA | Private | - | - | $1.2B | - | |
| San Francisco, CA | Private | $100M | - | $3.5B | 35.0x | |
 Beijing | Private | - | - | $675M | - | |
| Los Angeles, CA | Private | $750M | - | $5B | 6.7x | |
| United States | Publicly listed | $1.2B | $84M | $6.2B | 5.0x | |
| China | Publicly listed | $76M | ($20M) | $1.7B | 19.7x |
Infinidat Public Comps
Infinidat is no longer listed, but its public comps include TRS Information Technology, VSTECS Holdings, Transwarp, Business-intelligence, Netac Technology Co, Quantum, Fadu, e-Hualu, 2CRSI and Qnap Systems.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $12B | $278M | 0.2x | 0.2x | 10.0x | 8.6x | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
| $185M | $6M | 6.1x | - | 197.6x | - | |||
| $280M | ($73M) | 3.3x | 3.1x | (12.8x) | 97.7x | |||
| $67M | ($47M) | 34.2x | 11.7x | (49.5x) | 69.7x | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
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Common questions about Infinidat
| When was Infinidat founded? | Infinidat was founded in 2011. |
| Where is Infinidat headquartered? | Infinidat is headquartered in Herzliya, Israel. |
| Is Infinidat publicly listed? | No, Infinidat was acquired by Lenovo in January 2025. |
| Who acquired Infinidat? | Infinidat was acquired by Lenovo in January 2025. |
| What is Infinidat's valuation? | Infinidat was last valued at $1.6B in its Series C in October 2017. |
| How much funding has Infinidat raised? | Infinidat has raised $325M across 3 funding rounds. |
| What was Infinidat's last funding round? | Infinidat's last funding round was a $95M Series C in October 2017, led by Goldman Sachs Growth Equity. |
| Who are Infinidat's investors? | Infinidat's investors include TPG, Security Growth Partners and Goldman Sachs Growth Equity. |
| Which companies are comparable to Infinidat? | Companies comparable to Infinidat include Qumulo, Cribl, XSKY Data Technology, DataDirect Networks, CommVault Systems and TRS Information Technology. |
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