Ondat has raised $20.0M in total across 3 funding rounds.
Ondat's investors include Canvas Ventures, Connect Ventures, Costanoa Ventures, Downing Ventures, Fontinalis Partners, Hack VC, MMC Ventures, Step Function VC, Uncorrelated Ventures, Y Combinator, Amr Awadallah, Jaan Tallinn.
Ondat, originally founded as StorageOS in London in 2015, developed a Kubernetes-native, software-defined persistent storage platform designed to deliver deterministic performance for stateful applications like databases, message queues, logging, AI/ML, edge computing, and CI/CD services.[1][2][3] It served enterprises running containerized workloads, solving challenges in high availability, resilience, security, and scalability across on-premises, cloud, or hybrid environments by enabling low-latency storage without traditional hardware dependencies.[1][3][4] The company rebranded to Ondat in 2021 but was acquired by Akamai Technologies in March 2023, after which it ceased independent operations; its technology now integrates into Akamai's Connected Cloud, with on-premises availability discontinued as of May 2023.[2]
Ondat traces its roots to StorageOS, founded in 2015 in the UK by Alex Chircop, Simon Croome, and Chris Brandon, who recognized the need for scalable, software-defined storage amid the rise of containerization.[2] Initially targeting Docker environments, the platform pivoted to Kubernetes as orchestration became dominant, reflecting the fast-evolving container ecosystem.[2][3] Key early traction came from delivering enterprise-grade features like replication, encryption, and regulatory compliance (e.g., PCI DSS) via simple Kubernetes labels, allowing users to toggle resilience and performance dynamically.[3] The 2021 rebrand to Ondat marked a maturation phase with V2 upgrades for better etcd efficiency, data plane speed (up to 135% throughput gains), and resilient syncing algorithms.[4] Pivotal closure followed the Akamai acquisition in 2023, absorbing the tech into Akamai's CDN-powered cloud platform post its $900M Linode buy.[2]
Ondat distinguished itself in the Kubernetes storage market through these key strengths:
Ondat rode the Kubernetes explosion in cloud-native infrastructure, addressing the "storage cliff" where stateful apps lagged behind stateless ones amid surging container adoption post-2015.[2][3] Timing was ideal: Docker-to-Kubernetes shifts and demands for hybrid/multi-cloud resilience amplified needs for software-defined storage over legacy SAN/NAS, especially with AI/ML and edge growth straining I/O.[1][4] Market forces like cloud provider composability (e.g., EBS-like features) favored Ondat's innovations, influencing the ecosystem by proving container-native storage could match enterprise SLAs without vendor lock-in.[3] Its Akamai integration bolsters connected cloud services, extending CDN scale (350K+ servers) to storage, potentially reshaping hybrid workloads but signaling consolidation in fragmented storage wars.[2]
Ondat's arc—from innovative startup to absorbed asset—highlights storage's evolution in Kubernetes, now powering Akamai's cloud ambitions amid AI-driven data surges. Next steps likely involve deeper fusion into Akamai Connected Cloud for managed Kubernetes storage, possibly resurfacing features for Linode users, though on-premises revival seems improbable.[2] Trends like edge AI, zero-trust security, and composable infra will shape this: expect Ondat tech to enhance Akamai's edge replication and low-latency ML, amplifying influence in hybrid ecosystems. As container storage commoditizes, its legacy endures in proving software can outpace hardware for stateful scale.
Ondat has raised $20.0M across 3 funding rounds. Most recently, it raised $10.0M Series B in February 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2021 | $10.0M Series B | Canvas Ventures, Connect Ventures, Costanoa Ventures, Downing Ventures, Fontinalis Partners, Hack VC, MMC Ventures, Step Function VC, Uncorrelated Ventures, Y Combinator, Amr Awadallah, Jaan Tallinn, Justin Mateen, Marc Benioff, Steve Chen | |
| May 1, 2018 | $8.0M Series A | Canvas Ventures, Costanoa Ventures, Hack VC, Step Function VC, Uncorrelated Ventures, Y Combinator, Amr Awadallah, Jaan Tallinn, Justin Mateen, Marc Benioff, Steve Chen | |
| Jun 1, 2017 | $2.0M Seed | Canvas Ventures, Costanoa Ventures, Hack VC, Step Function VC, Uncorrelated Ventures, Y Combinator, Amr Awadallah, Jaan Tallinn, Justin Mateen, Marc Benioff, Steve Chen |