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Startup Isilon Systems's decision to target digital content with its storage systems seems to resonate with investors.
Isilon today announced it's received $15.5 million in a third round of funding led by global investment banker Lehman Brothers (see Isilon Raises $15.5M, Supplies LexisNexis). Previous investors, capital venture firms Sequoia Capital, Atlas Venture, and Madrona Venture Group LLC, participated.
Isilon, which specializes in digital content storage, has raised $38.9 million over three rounds. Brian Paul of Lehman Brothers joins Isilons board, which already has two directors from Atlas and one each from Madrona and Sequoia, along with Isilon CEO Steve Goldman and founder Sujal Patel.
Isilon is among the storage vendors looking to cash in on the growing digital video wave that has significantly increased the storage needs of movie studios and broadcasters (see Storage Vendors Watch Video, SGI Gains Hollywood Clout, and Storage Goes to the Movies).
Isilon designed its IQ NAS system specifically to handle large files of digital content. It does this mainly through a proprietary OneFS distributed file system, designed in modules. Each IQ node holds 1.44 Tbytes of capacity, allowing companies with growing storage needs, such as digital production facilities, to scale their purchases as they need more. The file system links content across the nodes to eliminate a single point of failure.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
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