The 10 Coolest Startups Of 2016

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Igneous Systems

CEO: Kiran Bhageshpur

Storage technology developer Igneous Systems in October came out of stealth with a plan to turn the management of on-premise storage into a low-cost cloud service. The Seattle-based company provides an on-premise storage array that sits behind the customer's firewall to protect the data. Monitoring, management and troubleshooting of the array and its data is handled over the cloud by Igneous Systems, freeing customers from those tasks.

The Igneous Data Service supports the Amazon S3 standard for cloud-based object storage. Pricing starts at $40,000 per year, which includes 212 TB of capacity, which is less than $200 per TB, or about 1.5 cents per GB, per month.

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