Agámi Systems
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Agámi Systems, Inc. was a network storage company headquartered in Sunnyvale, California. Agámi Information Servers (AIS) were marketed to both network attached storage (NAS) and storage area network (SAN) markets.[1]
| |
| Company type | Private |
|---|---|
| Industry | Data storage devices |
| Founded | April 2003 |
| Founder | Kumar Sreekanti |
| Defunct | July 28, 2008 |
| Fate | Disbanded |
| Headquarters | Sunnyvale, California |
Key people | David Stiles, CEO Kumar Sreekanti, CTO |
| Products | AIS3000, AIS6000 |
| Website | www |
History
Summarize
Perspective
The company was founded in April 2003 by Kumar Sreekanti in San Jose, California.[2]
Its first round of venture capital of about $5.5 million included investors Kleiner Perkins Caufield & Byers (with board member Vinod Khosla), Alta California Partners, New Enterprise Associates, Apex Ventures and Advanced Equities Venture Partners.[2] It was originally called StorAD for its first year, and included intellectual property acquired from failed company Zambeel, which was in a similar market and had been founded in 1999.[3][4]
A second round of financing raised over $25 million in September 2004.[5] Hercules Technology Growth Capital provided $11 million in debt financing in August 2006.[6]
David Stiles joined in 2005 and became chief executive in May 2007,[7] just after chief financial officer Dean Seniff was replaced on April 30.[8]
In March 2007 support for the iSCSI block access protocol was announced.[9]
The company, then located in Sunnyvale, California, filed for raising more capital through 2007, including new investor Duff, Ackerman, and Goodrich.[10]
A third round of $45 million in funding from existing investors was announced in February 2008 during the start of the Great Recession.[11]
The company shut down operations on July 28, 2008. The employees were told of the shutdown at an 11:00 AM meeting, and was made effective two hours later, at 1:00 PM.[12][13] The 80-100 employees of Agami in Sunnyvale and Hyderabad, India were said to be blindsided. Business Insider reports that, "Some employees have tried to send e-mails to an address that the company provided them to request pay, but one employee told the Mercury News that they 'haven't received one response, not one.' "[14]
This led to speculation that the funding announced in February had not actually closed.[15]
By September 2008 Stiles had purchased Agámi assets and used their office space for a new company named Scalable Storage Systems.[7][16]
In October 2008, Ocarina Networks hired Agami Systems India operations and engineering team in Hyderabad.[citation needed]
References
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