Avere: Microsoft acquires flash storage firm Avere Systems

In an effort to bolster its hybrid cloud strategy, Microsoft Corporation has acquired flash storage company Avere Systems for an undisclosed amount. Pittsburgh, Pennsylvania-based Avere, which provides NFS and SMB file storage for Windows and Linux clients running in the cloud, hybrid and on-premises environments, was incorporated by Dan Nydick, Michael Kazar, Ronald Bianchini in 2008. So far, the firm has raised $86 million with the last investment worth $14 million coming in the form of Series E funding from Google and Western Digital in March 2017. Other early investors include Lightspeed Ventures, Tenaya Capital, Menlo Ventures [...]