July 31, 2024

News

DataCore raises $60 million to boost data management solutions

DataCore Software, a leader in data infrastructure and management, has secured $60 million in funding to accelerate growth and innovation in its technology offerings.

By MICHAEL CIRCLE
The Data Group News Service

DataCore Software, a leader in data infrastructure and management, has secured $60 million in funding to accelerate growth and innovation in its technology offerings.

The financing round, led by Vistara Growth, aims to expand DataCore's market reach and enhance its ability to meet the evolving demands of modern data environments. The investment will support the company's efforts to tackle emerging use cases across core, edge, and cloud deployments.

As organizations face increasing challenges in data management due to rising volumes, complexities, and cyber threats, DataCore plans to use the new capital to advance its suite of storage solutions. The company will focus on enhancing infrastructure and data resilience, integrating AI technologies, and strengthening cybersecurity frameworks.

The funding will enable DataCore to develop intelligent and resilient solutions for new-age data infrastructures, addressing current data challenges and paving the way for future advancements. By incorporating AI technologies, the company aims to help businesses extract actionable insights and streamline complex workflows through smart automation.

DataCore's investment in cybersecurity measures will assist customers in countering evolving threat vectors and provide more robust data protection safeguards.

"This pivotal funding marks a new chapter in our commitment to our customers and partners, enabling us to deliver greater value through collaboration and innovation," said Dave Zabrowski, CEO of DataCore Software.

The company's strategy positions it as a catalyst for progress in the data management industry, empowering organizations to modernize and futureproof their digital infrastructure and IT systems.

DataCore, founded 25 years ago, has built a reputation for delivering cutting-edge infrastructure solutions through continuous R&D and strategic acquisitions. The latest investment is expected to further solidify its position in the market and drive long-term success for its customers.

Learn more about DataCore by visiting News & Press Releases | DataCore Software.

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