INSUBCONTINENT EXCLUSIVE:
Model9, an Israeli startup launched by mainframe vets, has come up with a way to transfer data between mainframe computers and the cloud,
and today the company announced a $9 million Series A.Intel Capital led the round with help from existing investors, including StageOne,
North First Ventures and Glenrock Israel
The company reports it has now raised almost $13 million.You may not realize it, but the largest companies in the world, like big banks,
insurance companies, airlines and retailers, still use mainframes
valuable data out for more modern analytics capabilities
focused on helping mainframe users get their data to the cloud or other on-prem storage
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
For starters, it can act as a disaster recovery system, eliminating the need to maintain expensive tape backups
It also works with other on-prem storage solutions like EMC, Nutanix, NetApp and Hitatchi
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
was founded in 2016 and took a couple of years to develop the solution
Peleg says he wants to use the money to expand the sales and marketing operation to grow the market for this solution.
