Boom or Bust? 11 Big Bets on the Future of Boston Tech

7/9/12Follow @gthuang

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Exagrid Systems
HQ: Westborough, MA
Founded: 2002
CEO: Bill Andrews
Amount raised: $103M
Investors: Highland Capital Partners, Investor Growth Capital, Sigma Partners, Tenaya Capital.
What it represents: The future of data storage on disks.
Why it wins: The data storage market continues to grow (heard of big data?); disks aren’t going away.
Why it loses: Data deduplication has played out, and Data Domain/EMC won. And with EqualLogic/Dell and Isilon/EMC, is there still a new data storage industry to define?
Photo courtesy of Exagrid Systems

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2 responses to “Boom or Bust? 11 Big Bets on the Future of Boston Tech”

  1. Great piece, Greg. Thanks for the props, and the warning. Worth noting… Actifio is radically simple copy data management. We stop the data storage explosion lots of businesses are struggling with right now by addressing its root cause: the siloed data protection and availability apps creating, moving, and storing copy after copy of everything in production. Think backup, snapshot, disaster recovery, test & dev, etc. We replace all that complexity and expense with a storage appliance that creates a single, golden copy of everything in production, and tracks changes to it over time. The result is a single, simple, elegant system that lets you recover any thing from any time instantly for up to 90% less than you’re paying today. It’s really not that hard to understand, we just need to do a better and more consistent job explaining it. I promise we will.

  2. Gregory T. Huanggthuang says:

    Thanks, Mike. I suspect your customers get the concept right away. It’s just one of those things that’s hard to write about in the mainstream press. You guys are building a very interesting company—definitely one to watch closely.