Data Dynamics raised $9 Million in Funding led by DH Capital LLC

Data Dynamics, a Texas-based unstructured data management company, has now secured $9 million in funding round.

Data Dynamics is founded by Piyush Mehta. The company enables enterprises to analyze, move, manage, and modernize data assets across hybrid, cloud, and object-based storage infrastructures. The company also offers a Unified Unstructured Data Management Platform, comprises of the AnalytiX and StorageX product offerings, which offer customers a comprehensive solution to manage, modernize, and secure their data.

Piyush Mehta, CEO of Data Dynamics, said, "Enterprises are challenged daily with finding an effective means to manage data sprawl while mitigating risk associated with exposure of sensitive information. With the release of StorageX 8.2 and Insight AnalytiX 1.1 as part of our new Unified Unstructured Data Management Platform, we are able to offer our customers a value proposition that they cannot find with any other provider – an all-in-one data management solution that provides data-driven actionable insights reduces storage costs and ensures the compliance and governance of sensitive content. This new capital will allow us to innovate faster to further expand our market leadership position and increase our customer reach to meet the needs of enterprises globally. I am so proud of our team and excited to leverage the capital to drive a new era of growth for the company."

Joseph Duggan, Chairman, and Co-Founder at DH Capital said, "We are pleased to support Data Dynamics as the company continues to prove its ability to execute against its strategic product roadmap and hire the right individuals to lead the way. Data Dynamics is well-positioned to assist large enterprises with managing their ever-increasing volume of unstructured data and the increased regulatory scrutiny around data privacy. We look forward to partnering with Piyush and the entire Data Dynamics Team."

The DH Capital LLC led the latest funding round. It is an investment firm serving companies in the sector of the internet infrastructure, software, and communications.

The company, as of now, has plans to use the new funds to scale its sales and marketing teams and increase its product portfolio. The funding will support Data Dynamics's product traction and overall market adoption, notes the announcement.

PC: Pablo, Pixabay