Lightbits Labs Featured in 2021 Big50 Startup Report

The startups featured in the 2021 Big50 are the best of the best typically making a big splash in funding, acquisition or successful IPO.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, August 24, 2021
Information
Tags: 
Software, Technology, Internet, Data Management, DAS, General manager, Architecture, Intel, Ceph, Growth, Amazon, Acquisition, PMC-Sierra, Xeon, Vance, IDG, Engineering, Stratoscale, International Data Group, CIO, Investment, Annapurna Labs, NVM Express, Solution, CEO, Organization, Innovation, Publication, Pedigree, VP, Agility, Cryptocurrency
Geotags: 
United States, California
⚠generated by AI ↴
Summary
Key Points: 
  • The startups featured in the 2021 Big50 are the best of the best typically making a big splash in funding, acquisition or successful IPO.
  • According to Jeff Vance, author of the 2021 Big50 Startup Report, Lightbits Labs is positioned in a hot sector within the larger storage market, one that past and current Big50 startups are also targeting.
  • Lightbits Labs has all the right ingredientssolid funding, strong senior team, early customer tractionto compete in a tough NVMe market.
  • The spotlight in this years Big50 Startup Report is validation of our market position with our software-defined storage solution for private and edge clouds.


Lightbits Labs™, a leader in NVMe-optimized, scalable and software-defined elastic block storage for private and edge clouds, today announced that it has been named to the 2021 Big50 Startup Report, which spotlights 50 high-upside startups that have gained a foothold in fast-growth tech sector and are poised to upend the status quo in a range of industries. The startups featured in the 2021 Big50 are the best of the best typically making a big splash in funding, acquisition or successful IPO.

To be featured in the report companies need to show strong fundamentals when it comes to funding, their team, and customers; show growth potential when it comes to market opportunity and the product-market fit; and have featured in the startup coverage of Network World, CIO, IDG Insider Pro, or other IDG publications.

According to Jeff Vance, author of the 2021 Big50 Startup Report, Lightbits Labs is positioned in a hot sector within the larger storage market, one that past and current Big50 startups are also targeting. “Given the explosion of data in recent years, storage is one of the building blocks of the new business environment. Lightbits Labs has all the right ingredients—solid funding, strong senior team, early customer traction—to compete in a tough NVMe market. Lightbits has raised more than $54 million and has named customers,” said Vance.

Vance believes that the founding team’s pedigree is also a mark in Lightbits’ favor. CEO and co-founder Eran Kirzner gained VP-level experience at PMC-Sierra and Wintegra. Co-founder and Chairman Avigdor Willenz co-founded Annapurna Labs, which Amazon acquired in 2015, and co-founder and Chief Scientist Muli Ben-Yehuda served as chief scientist for software-defined data-center vendor Stratoscale.

“The spotlight in this years’ Big50 Startup Report is validation of our market position with our software-defined storage solution for private and edge clouds. Because LightOS™ is NVMe-based, software-only, and runs on commodity storage servers over standard Ethernet networks we are well-positioned to offer enterprise IT organizations a more modern storage solution than DAS or Ceph that is simple and easy to consume, highly performant, and delivers the flexibility and agility that is needed today,” said Eran Kirzner, CEO and co-founder at Lightbits.

“Intel, a leader in delivering solutions that enable digital datacenter transformation, targets innovators and technology disruptors, like Lightbits, for strategic partnerships and investments,” said Niv Zilberman, General Manager - Business Innovation Office, Data Platforms Engineering and Architecture at Intel, a Lightbits strategic investor. “Joint customers, such as FI-TS, are benefiting from a powerful platform that is easy to consume and solves inefficiencies with storage and resource utilization and offers high availability. Our ‘better together’ approach combining software-defined block storage with a wide range of Intel technologies such as Intel® Xeon Scalable processors, Intel® Optane™ and Intel® Ethernet delivers a powerful storage solution for enterprises’ supporting high performance databases, big data analytics, and web-scale infrastructure deployed on bare-metal, virtual or container-based environments.”

To download a full copy of the Big50-2021 Startup Report, go to: https://startup50.com/newsletter/.

Additional resources:

About Lightbits Labs

Lightbits Labs is leading the digital data center transformation in the enterprise by delivering scalable and efficient cloud-optimized, software-defined elastic block storage (EBS) on-premises that is easy to consume. Pioneers of the NVMe™ over TCP (NVMe/TCP) protocol, making low latency application access available to enterprise IT organizations supporting high-performance databases, big data analytics, and web-scale environments using either virtual or container-based architectures. Lightbits LightOS storage is designed to maximize the utility of NVMe, for IT organizations who want simplicity, performance, and flexibility for their Private and Edge clouds.

Copyright: 
Copyright Business Wire 2021