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JVP and Giza Announce A-Round Investment in Early-Stage Startup XtremIO

Posted on: Wednesday, 11 November 2009, 08:00 CST

TEL AVIV, Israel, November 11 /PRNewswire/ -- JVP and Giza, two leading Israeli venture capital funds, have announced an A-round investment in XtremIO, an early-stage venture developing Solid State Drive (SSD) data storage systems. XtremIO's solutions are designed to deliver ultra-high performance in Enterprise storage environments, while addressing existing storage device limitations and data network connectivity challenges.

Ehud Rokach, CEO, XtremIO: "We are happy that Giza and JVP share our vision and see the potential in XtremIO's proposition. During our discussions we got to know the investment teams and we feel we found people who understand what it takes to successfully bring innovative technologies to market."

Data storage system performance is a major bottleneck to modern data centers. XtremIO is developing Enterprise solutions that will enable shared storage environments with substantial performance improvements, efficient utilization of IT resources, and a low capital investment. The company's founders, Ehud Rokach, Yaron Segev, Shachar Frank, Prof. Shuki Bruck and Aryeh Mergi, have vast experience in the high-tech industry including a variety of technological fields, entrepreneurship and building technological companies from the concept stage up to companies that show important sales volume.

"XtremIO is exactly the type of companies we like to see in our portfolio: early-stage ventures, led by a strong management team of seasoned entrepreneurs, and bringing cutting-edge technology which can have a major impact on the market in which it operates and become a significant player," said Eyal Niv, Managing Director, Giza

"We are proud to announce our investment into this exciting new venture," said Kobi Rozengarten, General Partner, JVP. "JVP strongly supports investments into companies that develop technologies which will greatly impact new media markets. XtremIO is one of these startups, and we're thrilled to help drive innovation."

JVP is one of the leading venture capital funds in Israel. The fund operates from Jerusalem and manages over 780 million dollars. JVP focuses on building market leaders in the fields of digital media technology, including gaming and virtual worlds, mobile media, software and hardware applications and Internet advertising. With leading industry venture partners and consultants in New York, Los Angeles and Europe and an international network of strategic partners, JVP leverages its unique market expertise, its dedicated management team and substantial capital base to build companies with the potential of shaping the global markets.

About Giza http://www.gizavc.com

Giza Venture Capital established in 1992, is a pioneer investor in seed and early-stage technology companies and currently manages five funds totaling over $600 million.

Giza's investment professionals have a wealth of expertise and experience in Communications, Semiconductors, Information Technology, Enterprise Software, Life Sciences, CleanTech, Media, Internet & Entertainment. This expertise empowers the team's decision-making and problem solving capabilities and accounts for the Fund's hands-on approach in working closely with its portfolio companies. Giza has invested in 87 companies in the sectors of Communications, Information Technology, Enterprise Software and Life Sciences. Giza's vision in recognizing future technology leaders has led to over 30 successful exits. Giza also has a seed stage investment plan called the Ofek Program whose goal is to secure investment in high-quality seed opportunities at the earliest possible stage. The Fund brings significant added value to its portfolio companies post-investment through involvement at board level as well as providing active support in strategy, marketing, financial and personnel-related decisions.

SOURCE JVP

Source: PR Newswire

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