Model9 announced today its $9.5M Series A funding, led by Intel Capital with participation from existing investors North First Ventures, StageOne Ventures and GlenRock Israel.
Moving forward full force with its critical mission of accelerating digital transformation and adoption of cloud technologies in global 2000 enterprises by modernizing mainframe data management and business intelligence. Gil Peleg, CEO and co-founder at Model9, says that his company’s technology is focused on helping mainframe users get their data to the cloud or other on-prem storage. “Mainframe data is locked behind proprietary storage that is inaccessible to anything that’s happening in the evolving, fast-moving 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 non-mainframe distributed storage system,” Peleg explained.