Model9, an Israeli startup created by mainframe veterinarians, has provide you with a option to switch information between mainframe computer systems and the cloud. Immediately, the corporate introduced a Sequence A with $ 9 million.
Intel Capital led the spherical with help from present traders, together with StageOne, North First Ventures and Glenrock Israel. The corporate claims to have raised almost $ 13 million within the meantime.
You might not discover it, however the world's largest corporations like massive banks, insurance coverage corporations, airways, and retailers nonetheless use mainframes. These corporations want the in depth transaction processing capabilities of those sturdy machines. Nonetheless, it’s troublesome to offer the precious information for extra superior evaluation features. That is the troublesome drawback that Model9 is making an attempt to unravel.
Gil Peleg, CEO and co-founder of Model9, says his firm's expertise is designed to assist mainframe customers transfer their information to the cloud or different on-prem storage. “Mainframe information is saved behind proprietary reminiscences that can’t be accessed within the creating, fast-moving expertise world within the cloud. And that is the place the patented expertise comes into play, with which mainframes can learn and write information on to the cloud or to different distributed storage techniques than mainframes, ”defined Peleg.
This has a number of necessary use instances. For starters, it may be used as a catastrophe restoration system, eliminating the necessity for costly tape backups. This information can be moved to the cloud, the place clients can apply fashionable analytics to information that was beforehand inaccessible.
The enterprise resolution works with AWS, Google Cloud Platform, Microsoft Azure and the IBM Cloud resolution. It additionally works with different on-prem storage options like EMC, Nutanix, NetApp and Hitatchi. He says the concept is to supply clients actual hybrid cloud choices, be it a personal cloud or a public cloud supplier.
“Ideally, our clients will use a hybrid cloud topology and profit from each worlds. The mainframe continues to satisfy the necessities for a dependable, safe, reliable [machine], and the cloud can handle the amount and quickly rising quantity of knowledge and supply the brand new fashionable applied sciences for catastrophe restoration, information administration and evaluation. "Stated.
The corporate was based in 2016 and took a number of years to develop the answer. Immediately the corporate has 10 clients, however these are the kinds of giant corporations that will use mainframes. Peleg says he desires to make use of the cash to increase gross sales and advertising operations and increase the marketplace for this resolution.