Shunwei Leads Investment in Software-defined Storage Developer SandStone

36kr.com, 11/07/17

Shenzhen-based software-defined storage (SDS) developer Shanyang Data Technology (SandStone) has announced that it recently secured RMB 8-digit Series A funding led by Shunwei Capital Partners with participation from converged architecture solution provider Tianji Data Technology. SandStone previously won RMB 10 mln in angel funding from Tianji Data Technology in late 2015.

SandStone, founded in September 2014, is a provider of enterprise-grade software-defined storage products and services. SandStone's SDS is a general virtual platform built on a server, which uses software to manage and adjust the storage resources of the hardware. Products include block storage, object storage, unified storage, and hyperintegration solutions.

SandStone currently has nearly 100 paying clients in the telecom, finance, electricity, military, manufacturing, education, and government sectors. Average customer price for software is in the RMB 500,000 - 1 mln range, while hardware costs are typically three times that.

Keywords: VC M&A software-defined storage SandStone Shanyang Data funding software storage Series A Shunwei Tianji Data

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