- Companies
- Pavilion Data Systems
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jan 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2022 | Series D | Artiman Ventures (lead); Kleiner Perkins (lead); Mirae Asset; Tyche Partners; Liberty Street Funds; RPS Ventures; Korea Investment Partners; SK Telecom Ventures; Gaingels; DAG Ventures | $45M | $295M | Pavilion 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 2019 | Series C | Taiwania Capital Management Corporation (lead); Tyche Partners; Kleiner Perkins; RPS Ventures; Korea Investment Partners; Artiman Ventures; DAG Ventures | $25M | - | - |
| May 2018 | Series 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 2017 | Series A | Tyche Partners (lead) | $6M | - | - |
| Jan 2016 | Series A | Artiman 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jun 2017 | ||
| 3 | Lead | Jan 2016 | ||
| 3 | Lead | Jan 2016 | ||
| 2 | Participant | Aug 2019 | ||
| 2 | Participant | Aug 2019 | ||
| 2 | Participant | Aug 2019 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Aug 2019 | ||
This data is available for Pro users. Sign up to see all 11 Pavilion Data Systems investors. Start Free Trial | ||||
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 TrialPavilion 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1B | $68M | $239M | - | ||
| Publicly listed | $32M | ($2M) | $226M | 5.1x | ||
| Publicly listed | $653M | $35M | $518M | 0.7x | ||
| Publicly listed | $281M | $24M | $527M | - | ||
| Private | - | - | $15M | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $167M | $14M | 1.9x | 1.8x | 22.0x | 13.8x | |||
| $805M | $109M | 0.8x | 0.8x | 6.1x | 7.6x | |||
| $62M | $13M | 4.8x | 4.2x | 22.8x | 19.4x | |||
| $789M | $42M | 0.5x | 0.5x | 9.9x | - | |||
| $247M | $34M | 1.2x | 1.0x | 8.6x | 7.4x | |||
| $155M | ($37M) | 2.0x | 1.8x | (8.4x) | 26.7x | |||
| $28M | $2M | 9.3x | - | 117.8x | - | |||
| $34M | $30M | 7.7x | - | 8.7x | - | |||
This data is available for Pro users. Sign up to see all Pavilion Data Systems competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Pavilion Data Systems
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




