• DataCore Software

  Participated · Equity · Jan 2002

  DataCore Software delivers software-defined storage and data infrastructure solutions across core, edge, and cloud environments. The company offers a comprehensive product suite, an intellectual property portfolio in storage virtualization and advanced data services, and says it has helped over 10,000 customers worldwide. Proceeds from the financing will be used to expand technology offerings, improve operational agility, and broaden market reach to address emerging use cases. DataCore plans to accelerate integration of AI to extract actionable insights and automate complex workflows, while also enhancing cybersecurity and data-resilience capabilities. Leadership framed the funding as a catalyst for product innovation, collaboration with customers and partners, and long-term value creation. The company noted 25 years of R&D and strategic acquisitions as foundations for its continued technology roadmap. DataCore develops storage-network management software that enables companies to consolidate their storage from various types of hardware and to reallocate space. The software is positioned for organizations seeking to unify disparate storage systems. The article identifies the company as based in Fort Lauderdale, Fla. DataCore has been actively fundraising, with its third round bringing in more than $30 million. Prior to this round the company had raised a total of over $65 million. The article does not provide operating metrics or specific future product plans.

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