Agámi Systems Explained

Agámi Systems
Type:Private
Founded:April 2003
Founder:Kumar Sreekanti
Defunct:July 28, 2008
Fate:Disbanded
Location:Sunnyvale, California
Industry:Data storage devices
Products:AIS3000, AIS6000
Key People:David Stiles, CEO
Kumar Sreekanti, CTO
Homepage: (defunct)

Agámi Systems, Inc. was a network storage company headquartered in Sunnyvale, California. Agámi Information Servers (AIS) were marketed to both network attached storage (NAS) and storage area network (SAN) markets.[1]

History

The company was founded in April 2003 by Kumar Sreekanti in San Jose, California.[2]

Its first round of venture capital of about $5.5 million included investors Kleiner Perkins Caufield & Byers (with board member Vinod Khosla), Alta California Partners, New Enterprise Associates, Apex Ventures and Advanced Equities Venture Partners.It was originally called StorAD for its first year, and included intellectual property acquired from failed company Zambeel, which was in a similar market and had been founded in 1999.[3] [4]

A second round of financing raised over $25 million in September 2004.[5] Hercules Technology Growth Capital provided $11 million in debt financing in August 2006.[6]

David Stiles joined in 2005 and became chief executive in May 2007,[7] just after chief financial officer Dean Seniff was replaced on April 30.[8]

In March 2007 support for the iSCSI block access protocol was announced.[9]

The company, then located in Sunnyvale, California, filed for raising more capital through 2007, including new investor Duff, Ackerman, and Goodrich.[10]

A third round of $45 million in funding from existing investors was announced in February 2008 during the start of the Great Recession.[11]

The company shut down operations on July 28, 2008. The employees were told of the shutdown at an 11:00 AM meeting, and was made effective two hours later, at 1:00 PM.[12] [13] The 80-100 employees of Agami in Sunnyvale and Hyderabad, India were said to be blindsided. Business Insider reports that, "Some employees have tried to send e-mails to an address that the company provided them to request pay, but one employee told the Mercury News that they 'haven't received one response, not one.' "[14]

This led to speculation that the funding announced in February had not actually closed.[15]

By September 2008 Stiles had purchased Agámi assets and used their office space for a new company named Scalable Storage Systems.[16]

In October 2008, Ocarina Networks hired Agami Systems India operations and engineering team in Hyderabad.

AIS6000

The AIS6000 series was said to perform at 1 GB/sec and supported 36 terabytes of raw data.

AIS6136 specifications:

Notes and References

  1. Web site: About agámi Systems . Company former web site . dead . https://web.archive.org/web/20080704170756/http://www.agami.com/site/company . July 4, 2008 . November 29, 2013 .
  2. Web site: Notice of Sale of Securities . May 29, 2004 . US Securities and Exchange Commission . November 29, 2013 . https://web.archive.org/web/20131203001850/http://www.sec.gov/Archives/edgar/vprr/04/9999999997-04-024305 . December 3, 2013 . dead .
  3. News: From Zambeelians to Chameleons . July 22, 2004 . Byte and Switch . https://web.archive.org/web/20040825123459/http://www.byteandswitch.com/document.asp?doc_id=56565 . August 25, 2004 . November 29, 2013 .
  4. News: Zambeel Znuffed Out . April 26, 2003 . Byte and Switch . November 29, 2013 . https://web.archive.org/web/20131203003243/http://www.networkcomputing.com/other/zambeel-znuffed-out/229624361 . December 3, 2013 . dead .
  5. Web site: Notice of Sale of Securities . September 17, 2004 . US Securities and Exchange Commission . November 29, 2013 . https://web.archive.org/web/20131203002140/http://www.sec.gov/Archives/edgar/vprr/04/9999999997-04-037869 . December 3, 2013 . dead .
  6. News: Palo Alto's Hercules provides $11M to Agami . August 14, 2006 . Silicon Valley Business Journal . November 29, 2013 .
  7. News: Scalable Storage rises from agàmi ashes: Dead heron in the forested startup swamp . The Register . September 29, 2008 . Chris Mellor and Dean Seniff . November 29, 2013 .
  8. News: Agami Sorts Cash Issues . James Rogers . April 30, 2007 . Network Computing . November 29, 2013 .
  9. News: agámi Systems Announces Next Generation Network Attached Storage Solution . Press release . March 12, 2007 . dead . https://web.archive.org/web/20071012094551/http://agami.com/site/press-release-3-12-07 . October 12, 2007 . November 29, 2013 .
  10. Web site: Notice of Sale of Securities . November 12, 2007 . Form D (Amended) . US Securities and Exchange Commission . November 29, 2013 . https://web.archive.org/web/20131203011918/http://www.sec.gov/Archives/edgar/vprr/07/9999999997-07-048059 . December 3, 2013 . dead .
  11. News: agámi Systems Raises $45 Million in Series C Financing . Press release . February 15, 2008 . agámi Systems . dead . https://web.archive.org/web/20080304024647/http://www.agami.com/site/press-release-02-15-08 . March 4, 2008 . November 29, 2013 .
  12. News: Promising start-up abruptly shuts down . August 18, 2008 . Scott Duke Harris . San Jose Mercury News . November 29, 2013 .
  13. News: Agami Systems Shuts Its Doors, Suspends Business . eWeek . Chris Preimesberger . July 29, 2008 . November 29, 2013 .
  14. Web site: Valley Start-Up Agami Systems Raises $45 Million, Disappears. Sridharan. Vasanth. Business Insider. 2020-05-12.
  15. Web site: Valley Start-Up Agami Systems Raises $45 Million, Disappears . Business Insider . August 19, 2008 . Vasanth Sridharan . November 29, 2013 .
  16. News: Agami's rebirth as Scalable Storage Systems leaves ex-employees angry . September 24, 2008 . Scott Duke Harris . San Jose Mercury News . November 29, 2013 .

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