NAS startup Exanet is preparing to step into the hardware arena with a new CEO and more than $10 million in new funding.
The vendor, which competes with NetApp, Isilon, and BlueArc, quietly swapped out its CEO four months ago, replacing Rami Schwartz with Arnon Gat, the former CEO of semiconductor company AG Associates.
"I was asked by the board to come in and continue the growth of Exanet," says Gat, explaining the firm recently closed an unannounced funding round, bringing its total backing to $70 million.
Exanet has traditionally kept its funding under wraps, confirming only that last year's $18 million C round brought its financing to "somewhere in between $40 million and $60 million."
Based in Jersey City, New Jersey, and Ra'anana, Israel, Exanet is planning to enter the hardware arena, unveiling a NAS server and storage arrays running its flagship ExaStore software tomorrow.
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