Gridstore
Gridstore is a technology company.
Financial History
Gridstore has raised $43.0M across 3 funding rounds.
Frequently Asked Questions
How much funding has Gridstore raised?
Gridstore has raised $43.0M in total across 3 funding rounds.
Gridstore is a technology company.
Gridstore has raised $43.0M across 3 funding rounds.
Gridstore has raised $43.0M in total across 3 funding rounds.
Gridstore is a technology company specializing in innovative storage solutions, evolving from software-defined hyperconverged infrastructure (HCI) for IT environments to automated, robot-assisted warehouse storage systems. It builds scalable storage products that deliver high performance, efficiency, and adaptability, serving industries like manufacturing, production, commerce, and third-party logistics (3PL). The systems solve problems of limited storage capacity, inefficient picking/routing processes, and integration challenges in automated intralogistics by offering compact, powerful hardware paired with advanced control software for optimized material flow and buffer storage.[1][2]
Originally focused on HCI for SMBs, managed service providers (MSPs), and virtualized environments like Hyper-V, Gridstore's solutions addressed siloed NAS limitations through grid-based pooling of off-the-shelf nodes, providing unlimited scalability, parallel I/O, and auto-tuning for application performance.[3][4][5][6] Growth momentum reflects a pivot to physical automation, emphasizing higher density, faster throughput, and future-proof reliability amid rising automation trends.[1][2]
Gridstore, Inc. was founded in January 2007 with headquarters in Palo Alto, CA (later associated with San Jose, CA), and development facilities in Dublin, Ireland. Co-founder and CEO Kelly Murphy brought experience from founding Marrakech in 1998, an on-demand procurement software firm that raised over $75 million in venture capital before its 2006 sale to AMT-Sybex. Other early backers included Iona Technologies (acquired by Progress Software), Norkom, and Enterprise Ireland, with Chris Horn, Iona's chairman, as a co-founder.[3][4]
The idea emerged to tackle fragmented NAS storage in enterprise grids, launching NASg—a software platform consolidating off-the-shelf NAS nodes into a shared pool appearing as a standard Microsoft drive. Early traction targeted MSPs, SMBs, VARs, and OEMs with beta HCI for Windows/Hyper-V, featuring patented server-side virtual controllers for dynamic I/O optimization. This evolved into hyperconverged appliances and, by recent years, robot-assisted warehouse systems.[3][5][6]
Gridstore rides the wave of industrial automation and smart manufacturing trends, where production and logistics demand integrated, robot-driven systems to handle rising throughput needs amid labor shortages and e-commerce growth. Timing aligns with Industry 4.0, as storage must fit seamlessly into digital processes for supply chain efficiency—Gridstore's vertical density and software enable this without infrastructure overhauls, boosting availability for high-value shipments or production buffers.[1][2]
Market forces like 3PL proximity demands, automation in smart factories, and HCI evolution favor its pivot: from IT virtualization (Hyper-V penetration in mid-market) to physical goods handling, influencing ecosystems by enabling scalable, reliable intralogistics that adapt to business changes.[2][3][6] It counters traditional storage silos, promoting grid-based models that enhance overall supply chain resilience.
Gridstore is poised to expand in automated warehousing as AI-driven robotics and edge computing accelerate logistics demands, potentially integrating HCI roots with advanced software for hybrid IT-physical storage. Trends like sustainable supply chains and 3PL tech races will shape its path, with emphasis on software-hardware synergy driving further throughput gains and market penetration. Its influence may evolve toward full intralogistics platforms, solidifying its edge in efficient, adaptable storage that breaks conventional limits—from virtual grids to robot realms.[1][2][6]
Gridstore has raised $43.0M in total across 3 funding rounds.
Gridstore's investors include Atlantic Bridge, Atlantic Bridge University Fund, B Capital Group, Canvas Ventures, Great Oaks Venture Capital, Lerer Hippeau, National Grid Partners, Hans Tung, Notable Capital, ONSET Ventures, Thayer Ventures, TSVC Capital.
Gridstore has raised $43.0M across 3 funding rounds. Most recently, it raised $19.0M Series B in January 2016.