NetApp Overview
NetApp Inc engages in the provision of software, systems, and services for the management and storage of customer data. The company's products include hybrid, enterprise all-flash, and cloud storages. Its patented unified scale-out fabric-attached storage platform uses the NetApp Data ONTAP storage operating system. NetApp operates a research and development center in Israel under the name NetApp Cloud Innovation Center. Located in Tel Aviv, this center leads the cloud operations of the American corporation in Israel and provides cloud services to some of the world's largest companies. As part of its cloud activities, NetApp collaborates with all major cloud providers and offers complementary solutions to Amazon's AWS, Microsoft's Azure, and Google's Cloud Platform in the fields of storage, management, and data security.
Latest News
growth-positive
CoreWeave upgraded, Instacart downgraded: Wall Street's top analyst calls
The article highlights recent research calls on Wall Street, focusing on upgrades and downgrades of various companies. HP Enterprise (HPE) was upgraded by Morgan Stanley to Overweight with a price target increase, indicating a positive outlook due to potential benefits from the Juniper acquisition. CoreWeave and Bio-Techne also received upgrades with increased price targets, suggesting undervaluation and growth potential. Conversely, companies like Instacart and Coty faced downgrades due to increased competition and weaker-than-expected results. The article provides insights into market perceptions and expectations for these companies.
growth-negative
The move marks a significant shift as NetApp refocuses on its core data infrastructure business.
NetApp is selling the operations of Spot, an Israeli startup it acquired in 2020, to Flexera for approximately $450 million. This sale also includes CloudCheckr, which was acquired by NetApp for a combined total of over $650 million. The sale reflects a strategic shift by NetApp to refocus on its core data infrastructure business, as Spots operations do not align with this focus. The sale of both companies for $100 million indicates a significant loss in value. Flexeras acquisition aims to enhance its ability to provide comprehensive insights into technology spend and risk across IT ecosystems, driven by the growing demand for cloud resources due to AI applications.
AcquisitionAcquired-by
growth-positive
Upwind, cofounded in 2022 by CEO Amiram Shachar, who previously founded cloud security management company Spot.io, which was sold to NetApp for $450 million in 2020, is raising the money at s $850-900 million valuation, "TechCrunch" reports.
Upwind Security, an Israeli cybersecurity company, is nearing the completion of a $100 million Series B financing round, valuing the company at $850-900 million post-money. The investment round includes participation from new and existing investors such as Craft Ventures, Greylock, CyberStarts, Leaders Fund, Omri Casspi’s Sheva Fund, and Steph Curry’s Penny Jar. Founded in 2022 by Amiram Shachar, Upwind Security has developed a cloud security platform focused on real-time threat detection. The company has almost 100 customers, including Booking.com and Yotpo, and employs 150 people across its Tel Aviv, San Francisco, UK, and Iceland offices.
InvestmentCustomers
growth-positive
The Israeli company, founded by Amiram Shachar and his founding partners from Spot.io, which was sold to NetApp for $450 million, is set to take its total funding to $180 million in two years.
Israeli startup Upwind, specializing in cloud security, is closing a $100 million Series B funding round, bringing its total funding to $180 million within two years. The company, founded by Amiram Shachar and partners from Spot.io, is valued at $850-900 million. Key investors include Craft Ventures, Greylock, CyberStarts, Leaders Fund, Sheva Fund, and Penny Jar. Upwinds platform enhances cloud security by providing real-time visibility into cloud infrastructure, leveraging runtime data. The company has significantly expanded its workforce, doubling to 160 employees, and plans further expansion following the funding round.
InvestmentExpand
growth-positive
"עבודה מהבית גורמת לאנשים לעבוד הרבה יותר, צריך להגביל"
NetApp, a global company valued at nearly $15 billion, is managed by Roey Alon and Asaf Levy from Israel. The company has made six acquisitions of new start-ups in the past three years, two of which are Israeli (Cognigo acquired for $70 million and Spot for $450 million). The company is also planning to expand, with about 30 open positions in Israel. The companys cloud services brought in $216 million and tripled the companys revenue compared to the previous year.
AcquisitionExpand
Team Members
5
Employees: 51-200
Web & Social Links
| Website | www.netapp.com/ |
Locations
Ahad Ha'Am Street 9, Tel Aviv-Yafo, Israel
Aharon Bart 18, Petach Tikva, Israel
Sunnyvale, CA, USA
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