Nirvanix
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|
| Private | |
| Industry | Information management |
| Fate | Bankruptcy |
| Founded | 2007 |
| Defunct | October 2013 |
| Headquarters | San Diego, California, USA |
| Services | Cloud storage service |
| Website | nirvanix |
Nirvanix was an American-based provider of cloud storage services headquartered in San Diego, California, United States. The company offered public, hybrid and private cloud storage services with usage-based pricing. Based on previous service companies founded in 1998, Nirvanix shut down in October 2013.
Streamload, founded in 1998 in San Diego, California by Steve Iverson, a student at Pomona College, was one of the first Internet storage services, receiving various accolades for products between 2002 and 2006. The company attracted angel investor and computer software entrepreneur Charlie Jackson and $1.2 million in investment by August 2004.
Streamload's flagship product was renamed to MediaMax and spun off on July 1, 2007, with the existing company being renamed to Nirvanix. The failure of MediaMax (renamed to The Linkup) on August 8, 2008, resulted in permanent loss of data for around 20,000 paying customers; Nirvanix denied responsibility for the data loss, saying that Savvis was contracted by its The Linkup spin-off to host the application and the database.
Patrick Harr and Geoff Tudor wanted to pursue the storage service market for enterprise customers. A new Nirvanix system, called the Storage Delivery Network, was built with new software and hardware systems. Nirvanix incorporated both the lessons-learned operating a large-scale online storage service under Streamload as well as techniques in clustering, virtualization, database-driven file system architectures and distributed networking. Nirvanix filed nine patents on this new platform in August 2007. It announced its Nirvanix Storage Delivery Network in September 2007, comparing it to the Amazon Simple Storage Service.
The company raised $12 million in September 2007 from Mission Ventures Valhalla Partners and Windward Ventures.Intel Capital added $5 million in funding in December 2007 (along with original investors and European Founders Fund), and then more funding in April 2009. An additional round was announced in November 2010. On May 3, 2012, Nirvanix announced it raised over $25 million in a Series C funding round led by Khosla Ventures, bringing Nirvanix's total capital raised to $70 million.
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