DataGravity's Joseph said the company wants to do to information mining what EqualLogic, which was founded by DataGravity co-founder and CEO Paula Long, did for storage area networking.
EqualLogic, before its acquisition by Dell, had become the leading developer of iSCSI SANs that allow storage networks to be built using companies' IP networks without the need to install a separate Fibre Channel network.
"Think about what EqualLogic did to transform the IT specialist around a SAN," he said. "You'll see DataGravity do the same around extraction of information from data. You'll see the need for a data scientist to pull information from data. Our solution is geared to helping provide that value in a steady feed."
With the new $30 million in the bank, DataGravity expects to be able to develop and launch its first product in 2014 without any additional investment, Joseph said.
For Joseph and Long, starting DataGravity is like returning home. The company's headquarters is just a couple of parking lots away from the EqualLogic headquarters in the same campus where Dell still maintains a large storage presence.
PUBLISHED JAN. 30, 2013