The 10 Hottest Data Storage Startups Of 2022
Joseph F. Kovar
Here are 10 data storage startups looking to stand out in a world where traditional storage growth is quickly giving way to the growth in cloud-based storage.
Yet More Data Storage Startups Looking To Make Their Mark
The storage industry has always been characterized by innovation, with storage engineers continually introducing new hardware and software aimed at solving a new storage, data protection, or data management requirement. However, while those storage engineers or developers may be solving one part of a business’ data storage needs, what businesses really need are complete solutions. As a result, storage innovations are often rewarded with either an acquisition offer from a larger vendor looking to bulk up its own complete storage technologies, or seeing its doors close when the developers can’t be heard above the requests for complete solutions.
While painful for individual vendors, either situation is good for the storage industry in general as it frees up resources that can be invested in ever-newer technologies. It can be either a brutal or a rewarding cycle. Best of all, it ensures that storage innovation doesn’t stop, and keeps the doors open to a new cohort of innovators.
Those innovators are facing a changing business. While spending on external storage systems is slowing, spending on cloud-based storage is expected to grow at a compound annual growth rate (CAGR) of 24 percent from 2022 to 2029, according to the Enterprise Storage Forum.
Enter this list of 10 hot data storage startups for 2022. These companies were chosen because they have only recently introduced their first storage products or services. Over half of these vendors have cloud at the center of their innovation, with at least two focused on decentralized storage and one on Kubernetes. One offers software-defined storage, but only three offer physical devices.
Storage innovation is also no longer a U.S.-only situation. Of the 10 data storage startups highlighted here, only three are headquartered in the U.S., while six are headquartered overseas and one has dual headquarters in the U.S. and Israel.
CRN highlights some of the hottest storage startups of 2022 in this slideshow: