Pavilion Data Systems Valuation, Funding & Investors

Pavilion Data Systems is valued at $295M as of January 2022.

Last Pavilion Data Systems valuation

$295M

Series D · Jan 2022

Last Pavilion Data Systems funding round

$45M

Series D · Jan 2022

Cumulative funding Pavilion Data Systems raised

$103M

across 5 funding rounds

Key investors in Pavilion Data Systems

  • Kleiner Perkins
  • Artiman Ventures
  • Tyche Partners
  • Korea Investment Partners
  • DAG Ventures
  • RPS Ventures

Pavilion Data Systems Overview

About Pavilion Data Systems

Pavilion Data Systems is a storage technology provider that developed Hyperparallel Flash Arrays for enterprise data centers. Santa Clara-based, the company launched in 2014 and delivered systems with up to 100 controllers per array for ultra-low latency and scalability beyond traditional all-flash arrays. Its DVX platform supported workloads in financial services and media. NetApp acquired Pavilion Data Systems in 2019, integrating the technology into its portfolio for high-performance NVMe storage solutions.


Founded

2014

HQ

United StatesSan Jose, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$295M (Jan 2022)

Pavilion Data Systems Valuation

Pavilion Data Systems is currently valued at $295M, based on its Series D in January 2022.

The $45M round was led by Artiman Ventures and Kleiner Perkins, with participation from Mirae Asset, Tyche Partners, Liberty Street Funds, RPS Ventures, Korea Investment Partners and 3 other investors.

Pavilion Data Systems valuation by funding round

Pavilion Data Systems valuation by funding round
DateStageValuation
Jan 2022Series D$295M

Pavilion Data Systems Funding History

Pavilion Data Systems has raised a total of $103M across 5 funding rounds.

Pavilion Data Systems' first fundraising round was a $15M Series A in January 2016. The most recent completed round was a $45M Series D in January 2022.

Pavilion Data Systems funding rounds

Pavilion Data Systems funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2022Series DArtiman Ventures (lead); Kleiner Perkins (lead); Mirae Asset; Tyche Partners; Liberty Street Funds; RPS Ventures; Korea Investment Partners; SK Telecom Ventures; Gaingels; DAG Ventures$45M$295MPavilion Data Systems develops the HyperParallel Data Platform, a high-performance, dense, scale-out NVMe-oF flash storage solution designed to accelerate data analytics, AI/ML, and streaming applications by consolidating storage islands and reducing data center costs. The platform supports high-speed data ingest for analytics pipelines, low-latency workloads in high-performance databases and virtualization, and GPUDirect protocol integration with Nvidia GPU servers. In 2021, the company doubled new customer growth year-on-year, expanded its employee base by 50%, increased deployments in federal agencies, and penetrated Fortune 500 analytics use cases including a top-20 banking institution, top credit agency, and one of the largest hedge funds, with nearly 80% of deployments accelerating analytics, ML, and streaming. On January 20, 2022, Pavilion raised $45 million (some sources cite $57.8 million) in a Series C-1 or Series C-II round led by Artiman Ventures and Kleiner Perkins, with participation from DAG Ventures, Gaingels, Korea Investment Partners, Liberty Street Funds (Liberty Street Advisors), Mirae Asset, RPS Ventures, SK Telecom Ventures, Tyche Partners, and Taiwania Capital. The post-money valuation was $295.33 million, with a price per share of $2.97, bringing total funding to approximately $116.43 million across six rounds. Key hires included Dario Zamarian as CEO to drive expansion. The funding supports product development, scaling operations, and addressing surging demand for analytics acceleration amid growing data needs. DCIG recognized Pavilion as a Top 5 Storage Solution for Life Sciences in January 2022. The company positioned itself for further innovation, potentially in third-generation Xeon controllers and public cloud integration. However, by October 2022, Pavilion ceased operations as the last NVMe-oF flash array startup.
Aug 2019Series CTaiwania Capital Management Corporation (lead); Tyche Partners; Kleiner Perkins; RPS Ventures; Korea Investment Partners; Artiman Ventures; DAG Ventures$25M--
May 2018Series B-$12M-Pavilion Data Systems closed its second funding round in May 2018 coinciding with the announcement of its storage array product. This round contributed to the company's total funding reaching $58 million by August 2019 after a subsequent $25 million Series C round. All existing investors participated in later rounds, with new investors such as Taiwania Capital and RPS Ventures joining by 2019. The company specializes in high-performance NVMe-oF storage platforms designed for data analytics, AI/ML, and scale-out flash applications. Subsequent funding in 2022 brought total capital to $107 million, led by Kleiner Perkins and Artiman Ventures, supporting expansion amid growing customer demand.
Jun 2017Series ATyche Partners (lead)$6M--
Jan 2016Series AArtiman Ventures (lead); Kleiner Perkins (lead)$15M-Pavilion Data Systems develops a HyperParallel Flash Array designed to ingest, process, store, and serve large volumes of data for massively parallel modern applications, focusing on data analytics acceleration and NVMe-oF technology. The company, founded in 2014 and headquartered in San Jose, CA, provides a platform for AI/ML, HPC, analytics, edge, and GPU-based computing workloads, delivering high performance, density, low latency, and scalability. Pavilion Data Systems raised a Series A round on January 22, 2016, with Artiman Ventures and Kleiner Perkins as lead investors. This was followed by later rounds including Series B in 2018 and multiple Series C rounds, culminating in a $45 million Series C-II in January 2022 led by the same investors, bringing total funding to over $107 million. By 2022, Pavilion had raised a total of $116.43 million across rounds, achieving a post-money valuation of $295.33 million in its Series C-1. The company expanded its investor base to include Korea Investment Partners, SK Telecom Ventures, Taiwania Capital, and others, while growing its employee base by 50% in 2021 and hiring key executives like CEO Dario Zamarian.

Who has invested in Pavilion Data Systems?

11 investors have backed Pavilion Data Systems across its funding rounds, including Kleiner Perkins, Artiman Ventures, Tyche Partners, Korea Investment Partners, DAG Ventures and RPS Ventures.

Lead investors include Artiman Ventures, Kleiner Perkins, Taiwania Capital Management Corporation and Tyche Partners.


Pavilion Data Systems Investors

Investors in Pavilion Data Systems by funding rounds participated
InvestorHQRoundsRoleFirst check
Tyche PartnersUnited StatesSan Francisco, CA3LeadJun 2017
Kleiner PerkinsUnited StatesSan Francisco, CA3LeadJan 2016
Artiman VenturesUnited StatesSan Francisco, CA3LeadJan 2016
RPS VenturesUnited StatesSan Francisco, CA2ParticipantAug 2019
Korea Investment PartnersSouth KoreaSeoul2ParticipantAug 2019
DAG VenturesUnited StatesSan Francisco, CA2ParticipantAug 2019
Mirae AssetSouth KoreaSeoul1ParticipantJan 2022
Liberty Street FundsUnited StatesNew York City, NY1ParticipantJan 2022
Taiwania Capital Management CorporationTaiwanTaipei1LeadAug 2019

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Pavilion Data Systems Competitors

Pavilion Data Systems competitors include listed companies like Logicom Group, One Stop Systems, Climb Global Solutions and Hiper Global, and private ones like GRAID Technology and IceWhale Technology.

Public and private companies comparable to Pavilion Data Systems
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Logicom GroupCyprusCyprusPublicly listed$1B$68M$239M-
One Stop SystemsUnited StatesUnited StatesPublicly listed$32M($2M)$226M5.1x
Climb Global SolutionsUnited StatesUnited StatesPublicly listed$653M$35M$518M0.7x
Hiper GlobalIsraelIsraelPublicly listed$281M$24M$527M-
GRAID TechnologyUnited StatesSan Jose, CAPrivate--$15M-
IceWhale TechnologyChinaShanghaiPrivate--$4M-

Pavilion Data Systems Public Comps

Pavilion Data Systems is still privately-owned, but its public comps include Dialight, Fagerhult Group, Concurrent Technologies, Kuroda Group, Incap, Quarterhill, Syntec Optics, Intracom Holdings, Parrot and Mtron.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Dialight$167M$14M1.9x1.8x22.0x13.8x
Fagerhult Group$805M$109M0.8x0.8x6.1x7.6x
Concurrent Technologies$62M$13M4.8x4.2x22.8x19.4x
Kuroda Group$789M$42M0.5x0.5x9.9x-
Incap$247M$34M1.2x1.0x8.6x7.4x
Quarterhill$155M($37M)2.0x1.8x(8.4x)26.7x
Syntec Optics$28M$2M9.3x-117.8x-
Intracom Holdings$34M$30M7.7x-8.7x-

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Common questions about Pavilion Data Systems

When was Pavilion Data Systems founded?Pavilion Data Systems was founded in 2014.
Where is Pavilion Data Systems headquartered?Pavilion Data Systems is headquartered in San Jose, CA, United States.
Is Pavilion Data Systems publicly listed?No, Pavilion Data Systems is a private, VC-backed company.
What is Pavilion Data Systems' valuation?Pavilion Data Systems was last valued at $295M in its Series D in January 2022.
How much funding has Pavilion Data Systems raised?Pavilion Data Systems has raised $103M across 5 funding rounds.
What was Pavilion Data Systems' last funding round?Pavilion Data Systems' last funding round was a $45M Series D in January 2022, led by Artiman Ventures and Kleiner Perkins.
Who are Pavilion Data Systems' investors?Pavilion Data Systems' investors include Tyche Partners, Kleiner Perkins, Artiman Ventures, RPS Ventures, Korea Investment Partners, DAG Ventures, Mirae Asset, Liberty Street Funds, Taiwania Capital Management Corporation, SK Telecom Ventures and 1 other.
Which companies are comparable to Pavilion Data Systems?Companies comparable to Pavilion Data Systems include Logicom Group, One Stop Systems, Climb Global Solutions, Hiper Global, GRAID Technology and IceWhale Technology.

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