NetApp Excellerator Helps Startups Raise $300 Mn

Eight startups have graduated from the tenth and most recent cohort of the company’s accelerator program

American hybrid cloud data services and data management company, NetApp, has announced that it has hit a milestone with eight startups graduating from the tenth cohort of its flagship accelerator program, the NetApp Excellerator, which took the collective funding of participating startups to the USD 300 million mark.

The Demo Day-10 event saw eight startups EduFuse, Streamingo Solutions, LivNSense, AccuKnox, Rxoom, ShardSecure, Kubermatic, and Subcom, represent solutions including green-tech, kubernetes, computer vision, health-tech, and cloud security.

Of the startups that graduated, LivNSense, EduFuse, and Streamingo Solutions, were mentored as part of the NetApp ExcellerateHER initiative of the NetApp Excellerator program that focuses on mentoring and promoting women-led B2B tech startups. So far, 11 women-led startups have been mentored via NetApp ExcellerateHER.

“Looking back at the last five years, it is incredible how the B2B Tech startup ecosystem has come alive through the NetApp Excellerator program. We are very proud of our mentors, our leaders, and our startups that have shared the vision of making huge strides in the technology landscape. Throughout this journey, we have learnt from and given back, and enabled our customers to accelerate their digital transformation with hybrid-cloud data management software,” said Ravi Chhabria, managing director, NetApp India.