Israeli startup acquires $9 million Series A to transfer data through mainframe computers and the cloud

(Last Updated On: February 13, 2020)

An Israeli startup, Model9 which was launched by mainframe vets, has developed a means to transfer data through mainframe computers and the cloud, and it has now announced a $9 million Series A.

Intel Captial had led the round along with the help of current investors, which include StageOne, North First Ventures and Glenrock Israel. It has been reported that the company has raised nearly $13 million.

Some of the biggest/largest companies in the world, such as banks, insurance companies, airlines and retailers, continue to use mainframes. As the companies are so large, they need the massive transaction processing capabilities that stalwart machines provide, but have found that it’s hard to get the valuable data out for more modern analytics capabilities. Model9 is striving to solve this issue.

The CEO and co-founder of Model9, Gil Peleg, said that the company aims to help mainframe users to get their data to the cloud or on-prem storage. Peleg said,  “Mainframe data is locked behind proprietary storage that is inaccessible to anything that’s happening in the evolving, fast-moving technology world in the cloud. And this is where we come in with patented technology that enables mainframes to read and write data directly to the cloud or any non-mainframe distributed storage system.”

It has many uses, such as behaving as a disaster recovery system, removing the need to maintain expensive tape backups. If data is shifted to the cloud, customers will also be able to apply modern analytics to data that was not attainable before.

As well as working with AWS, Google Cloud Platform, Microsoft Azure and IBM’s cloud solution, it also works on on-prem storage solutions such as EMC, Nutanix, NetApp and Hitachi. He said that the aim is to provide customers with true hybrid cloud options, regardless of it being a private cloud or a public cloud provider.

“Ideally our customers will deploy a hybrid cloud topology and benefit from both worlds. The mainframe keeps doing what it should do as a reliable, secure, trusted [machine], and the cloud can manage the scale and the rapidly growing amount of data and provide the new modern technologies for disaster recovery, data management and analytics,” he said.

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