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COMPUTER HARDWARE & SERVICES | Computer Storage & Peripherals
opendrives.com

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Founded Year

2011

Stage

Series B | Alive

Total Raised

$23M

Last Raised

$20M | 9 mos ago

Revenue

$0000 

About Open Drives

Open Drives is focused on providing high-performance data storage for the next generation of media and imaging workflows at a price/performance metric that is a first of its kind.

Open Drives Headquarter Location

1617 Broadway

Santa Monica, California, 90404,

United States

310-657-8999

Latest Open Drives News

OpenDrives Raises $20 Million to Grow Data Storage Business

Jan 21, 2021

Culver City-based Open Drives Inc., which manages data storage for film production companies and other businesses, announced Jan. 21 that it had raised $20 million in a Series B funding round led by IAG Capital Partners. The company says it has now raised more than $30 million in total capital. The new funding will allow OpenDrives to make new hires and scale up its business in anticipation of adding new clients in the year ahead, the company said. “Every innovation in our company has been powered by anticipating our customers’ needs, whether it was creating storage capacity to handle the first 6K film, bringing portable studios to live global broadcast or accelerating remote capabilities when COVID-19 forced customers into a work-from-home environment,” Chief Executive David Buss said in a statement. OpenDrives launched in 2011 and rose to prominence in Hollywood through collaborations with director David Fincher. The company’s data storage platforms support the post-production process for film studios working with increasingly massive digital files. The company says its list of clients has grown to include HBO, Spotify and CBS Sports. In the last year, it has added new product offerings and updated its data management software platform. In a statement, IAG principal Joel Whitley said OpenDrives is well-positioned to “capitalize” on rising levels of spending on data storage architecture. “We look forward to supporting OpenDrives in leading rapid technology advancements and continued commitment for meeting customer needs across storage, (high-performance computing) and the cloud,” Whitley said. OpenDrives also announced that it would make a strategic investment in Ctrl IQ Inc., a newly established startup specializing in cloud-based and on-premises high-performance computing solutions for customers with advanced technical requirements. The company said this investment would allow it to provide clients with “scalable, secure and hybrid orchestration of workflows.” For reprint and licensing requests for this article, CLICK HERE . Read Our Newsletter (FREE) Reader Poll READER POLL: Will your company require employees to receive the Covid-19 vaccine once it’s available to the general public? Yes, with exceptions for people who can’t be vaccinated for health or religious reasons We will strongly encourage employees to receive the vaccine but not require it No, it will not be required We haven’t made a decision yet Reader Poll READER POLL: Will your company require employees to receive the Covid-19 vaccine once it’s available to the general public? Yes, with exceptions for people who can’t be vaccinated for health or religious reasons We will strongly encourage employees to receive the vaccine but not require it No, it will not be required We haven’t made a decision yet Browse More

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Open Drives Patents

Open Drives has filed 9 patents.

The 3 most popular patent topics include:

  • Computer storage devices
  • Data management
  • Computer memory
patents chart

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Grant Date

Title

Related Topics

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1/6/2021

5/25/2021

Data management, Cloud storage, Distributed data storage, Network file systems, Computer memory

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5/25/2021

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Data management, Cloud storage, Distributed data storage, Network file systems, Computer memory

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Open Drives Web Traffic

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