NexGen Storage develops shared storage systems—notably the NexGen n5 Storage System—that provide performance Quality of Service (QoS) for business‑critical virtualized applications. Its flagship product allows provisioning and maintenance of performance like capacity and claims the highest virtual machine storage density in the industry. The company advertises up to 76× higher storage density versus typical disk deployments and up to 90% storage operating expense savings. NexGen targets the $24 billion global storage system market and emerged from stealth on November 8, 2011 with general availability of the n5. The company sells exclusively through resellers and plans to use new funding to expand sales, marketing, engineering, and operations while signing partners across the country. Founders Kelly Long and John Spiers bring prior experience as the original founders of LeftHand Networks. NexGen Storage builds SAN storage solutions that deliver configurable, deterministic performance and Quality of Service for virtual server environments. Its architecture is designed from the ground up to leverage solid state storage technologies, which the company says yields 10 to 20 times the performance of traditional high-performance SAN systems. The company targets organizations deploying virtualization and cloud infrastructures, promising improved performance, capacity efficiency, power consumption and space utilization. NexGen plans to make its SAN solutions commercially available later this year. It recently secured Series A financing led by Grotech Ventures with participation from Access Venture Partners to accelerate product availability and recruit additional talent. NexGen was founded in early 2010 by John Spiers and Kelly Long and is headquartered in Louisville, Colorado, and is currently hiring qualified staff.

Total raised

$10M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2011