The 10 Hottest Data Storage Startups of 2022 (So Far)
Joseph F. Kovar
Here are 10 data storage startups looking to stand out in a world where the growth of traditional storage is rapidly giving way to the growth of cloud-based storage.
Another year, another crop of data storage startups
Storage vendors live in an interesting world. There are so many innovators coming up with great ideas to solve a key customer problem. However, the reality is that customers want a complete solution, and many of these startups find that they are more likely to be acquired or go where on the vine than they are to succeed as a stand-alone business. That doesn’t stop innovation, however, as the storage industry seems to attract more than its fair share of innovators.
These innovators face a changing business. While spending on external storage systems slowed to just 2% year-over-year in the first quarter of 2022, according to IDC, the cloud storage market is expected to maintain a compound annual growth rate (CAGR) of 24 % from 2022. to 2029, according to the Enterprise Storage Forum.
Enter CRN’s list of 10 hot data storage startups so far in 2022. These companies were chosen because they only recently introduced their first storage products or services. Three come from the hot flash storage market, but the majority are looking to make their mark in the equally hot cloud storage market.
Interestingly enough, just looking at this list might give the impression that storage startups aren’t as tied to a US foundation as they once were. While Israel has always been a hotspot for storage startups, only three of the 10 startups featured here are based in the United States. Two are in Israel, while the others are in various European countries.
Another note about this generation of startups. Of the 10 listed here, five of them have company names beginning with the letter “i”. Although it’s probably just a coincidence, perhaps the letter “i” that was made so popular with the iPod, iPad and iPhone is making a comeback.
Will all of these companies survive long enough to make a name for themselves in the storage industry? Time will tell us. But for now, they have some good stories to tell. And CRN is here to help tell them.
* ice drive
Joseph F. Kovar
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