Ellison invests US$100 million in storage startup

Ellison invests US$100 million in storage startup

Larry Ellison, chairman and chief executive officer of Oracle, is backing a secretive storage company with US$100 million in funding.

Pillar Data Systems has received the investment from Lawrence Investments LLC, a company backed by Ellison, said a Pillar spokesman. The investment company has only provided a portion of the $100 million thus far, but Pillar expects to receive the remaining amount over time.

"A certain amount has already been put into the company, and there is a solid, strong commitment through Lawrence Investments," the spokesman said.

Pillar Data Systems is working on both storage hardware and software for SANs (storage area networks) and NAS (network-attached storage) environments. However, the company will not provide any details on what the products entail at this time. It plans to launch its first product in late 2003 or early 2004, the spokesman said.

The company is based in Milpitas, California, and has close to 175 employees.

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