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
Photos & Videos
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NetApp Business
Business models
—
Product stage
—
Employees
51-200
Sector
—Target Customer
—Core Technology
—Tags (4)
data-managemententerprise-solutionscloud-storagecloudNetApp Financials
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Total funding
—
Capital raised
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Last funding
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Funding stage
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Total rounds
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Investors
NetApp Lifecycle
NetApp News
13 articles
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
growth-positive
NetApp completes Spot.io acquisition for $450 million
Nasdaq-listed hybrid cloud data services company NetApp Inc. has acquired Israeli cloud services company Spot.io for $450 million. Spot.io offers cloud computing optimization services to SaaS companies, using machine learning algorithms to monitor and optimize the availability and pricing of computation power offered by cloud services. Spot.io will continue to operate as an independent department within NetApp. The acquisition allows NetApp to extend its vision for helping customers unlock the best of the cloud and gain a competitive advantage. Spot.io has raised a total of $52 million in funding and employs 150 workers in Tel Aviv, London, and San Francisco.
Acquisition
growth-positive
NetApp buys Israeli cloud optimization co Spot for $450m
NetApp, a US hybrid cloud data services company, is acquiring Israeli cloud infrastructure management and cost optimization company Spot for $450 million. Spot has developed a system that allows customers to save an average of 80% on their cloud computing costs. The acquisition will enable NetApp to deliver a leading solution for the continuous optimization of cost for all workloads, both cloud native and legacy. NetApps Israel Development Center was founded in 2008 and has previously made acquisitions in the Israeli market. The acquisition of Spot is expected to further strengthen NetApps presence in the cloud services industry.
Acquisition
growth-positive
DreamWorks animates its cloud with NetApp Data Fabric
DreamWorks Animation relies on NetApp Data Fabric and other storage technologies for its internal cloud infrastructure. The studio uses the cloud to share and enhance large data sets during the production of its blockbuster movies. DreamWorks has a mature in-house cloud that incorporates storage kits from Hewlett Packard Enterprise. The company views its internal cloud as a capable and agile infrastructure that can adapt to changing workflows. The DreamWorks cloud utilizes various components of NetApp Data Fabric, including All Flash FAS storage, NetApp HCI, and OnTap cloud-based data management. The studio has partnered with NetApp to develop Data Fabric innovations and uses storage analytics to manage its 20 PB environment. The article highlights the importance of the cloud and storage technologies in the animation industry.
Partners
growth-positive
NetApp launches all flash object storage and more active ONTAP arrays - Blocks and Files
NetApp has made several announcements at NetApp Insight, including a big hardware release focused on flash object and SAN storage. They have introduced three StorageGRID hardware systems, three all-flash ONTAP arrays, and two hybrid arrays. NetApp has also launched NetApp Keystone, a subscription billing service, and made software simplification and cloud storage-related announcements. The StorageGRID hardware range includes the SGF6024, an all-flash classic object storage system developed in response to a manufacturing customers need for high concurrent access to small objects. NetApp has also introduced the SG1000 compute nodes and expanded the SG6060. In addition, they have announced the A400, a C190, and an All-Flash SAN in their ONTAP hardware range. The A400 incorporates end-to-end NVMe design and offers low latency at a mid-range price point. The C190 is a less powerful system than the A220. NetApp has not provided availability or pricing information for these systems.
CustomersPartners
growth-positive
Nasdaq-Listed NetApp Acquires Data Protection Startup Cognigo
NetApp Inc. has acquired Cognigo, a data protection and compliance startup, for approximately $70 million. Cognigos 35 employees will join NetApps development center in central Israel. The Israeli companys future independence is uncertain. Cognigo uses machine learning technologies to help organizations manage and protect critical data records and achieve compliance with privacy regulations. NetApp previously acquired Israeli lead storage startup Plexistor Ltd. Cognigo has raised around $11 million from investors including State of Mind Ventures, OurCrowd Ltd., and Prosegur Compañía de Seguridad SA.
Acquisition
growth-positive
NetApp pockets Plexistor, nonvolatile memory software
NetApp quietly acquired storage memory software startup Plexistor, fitting into its strategy of dominating in flash and emerging storage technologies. The financial details of the acquisition were not disclosed. It is unclear whether NetApp will sell Plexistor as a separate product or integrate the technology into its flash storage. The acquisition is part of NetApps efforts to bounce back after a tough two-year period. NetApp reported strong results last quarter, with revenue of $1.48 billion, a 7.3% increase from the previous year. However, the companys forecast for the current quarter fell short of expectations. NetApp guided for $1.24 billion to $1.39 billion in revenue, below analysts expectations.
Acquisition
growth-positive
NetApp Buys Boston/Israeli Startup Onaro For $120 Million
Onaro, a storage-management software company, has been acquired by Network Appliance for $120M. The acquisition will help Network Appliance strengthen its SAN offerings. This is a growth-positive event for Onaro, and a great exit for investors Cedar Ventures and Newbury Ventures.
Acquisition
growth-positive
Network Appliance buys start-up Topio for $160m
Network Appliance, Inc. has entered into a definitive agreement to acquire Israeli start-up Topio for approximately $160 million. The acquisition is expected to close in December 2006. Topio will become a new business unit within NetApp, and its research and development team will continue to operate in Haifa, Israel. Topio provides enterprise-class software for data replication and rapid recovery. Network Appliance provides storage solutions for data-rich organizations. The acquisition is seen as a growth-positive move for Network Appliance.
AcquisitionPartners
NetApp Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 197 |
| Team members | 5 |
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NetApp Internal
Recent Updates
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-10-22 17:41:40.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-10-22 17:41:40.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-10-22 18:21:23.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2024-07-17 14:33:29.000000
Eran Levin
· eranl@sncentral.org · Automatic · 2024-12-22 06:29:41.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-10-22 18:20:51.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2024-07-17 14:33:54.000000
Eran Levin
· eranl@sncentral.org · Automatic · 2024-12-05 14:35:49.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-10-22 18:20:51.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2024-07-17 14:33:54.000000
Maor Perlov
· maor.perlov@sncentral.org · Manual · 2023-10-22 17:41:40.000000
Eran Levin
· eranl@sncentral.org · Automatic · 2024-08-07 04:57:39.000000
Maor Perlov
· maorperlov@gmail.com · Manual · 2022-01-02 15:54:38.000000
Maor Perlov
· maorperlov@gmail.com · Manual · 2022-01-02 15:54:38.000000
Maor Perlov
· maorperlov@gmail.com · Manual · 2022-01-02 15:50:45.000000
Yamila Silbert
· yamila.urwicz@gmail.com · Manual · 2017-07-18 12:29:49.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 09:29:02.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 09:44:46.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 09:44:46.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 09:35:42.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 09:35:42.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 09:29:03.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 09:29:05.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 09:29:05.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 09:29:05.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 09:57:17.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 08:59:09.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 08:59:09.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 08:59:09.000000
Natalia Golczar
· ngolczar@gmail.com · Manual · 2016-06-19 08:59:09.000000
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Admin Info
| Confidence | 70/100 |
| Missing | product stage, sector, business model, video or image, funding rounds, markets, not claimed |
| BI Verification | Yanina Wainscheinker |
| Crunchbase | NetApp |
| Phone | +97239205555 |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-07-17T00:00:00.000Z |
| Created | 2016-06-19T00:00:00.000Z |
| Status detail | Public on NASDAQ on Dec, 1995; |