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Enterprise storage company Infinidat announced that it has raised $95 million in Series C funding at a $1.6 billion post-money valuation. Goldman Sachs Private Equity led the round, and was joined by return backer TPG Growth.

Bottom line: This round puts Infinidat into the 2018 IPO conversation.

Why it matters: Conventional wisdom is that enterprise storage is on an unstoppable path to flash, but Infinidat has hit unicorn status with a hybrid box full of spinning disks.

Make the case: The company, which has offices in Israel and Massachusetts, argues that disk storage integration can prove cheaper and more effective than all-flash if subsystems are better optimized, and backs it up with claims of profitability and 13 straight quarters of revenue growth. Oh, and Infinidat also was founded by Moshe Yanai, who led development of EMC's Symmetrix products.

Go deeper

Updated 47 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Education: Schools face an uphill battle to reopen during the pandemic.
  3. Politics: Biden unveils "wartime" COVID strategyBiden's COVID-19 bubble.
  4. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  5. World: Hong Kong puts tens of thousands on lockdown as cases surge — Pfizer to supply 40 million vaccine doses to lower-income countries.
  6. Sports: 2021 Tokyo Olympics hang in the balance.
  7. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.
Bryan Walsh, author of Future
4 hours ago - Health

Schools face an uphill battle to reopen during the pandemic

Illustration: Aïda Amer/Axios

President Biden's plan to accelerate the reopening of K-8 schools faces major challenges from a still out-of-control pandemic and more contagious coronavirus variants.

Why it matters: The longer American kids miss in-person schooling, the further they fall behind. But the uncertain state of the science on the role young children play in the pandemic continues to complicate efforts to reopen schools.

Focus group: Former Trump voters say he should never hold office again

Illustration: Sarah Grillo/Axios

"Relief" is the top emotion some swing voters who used to support Donald Trump say they felt as they watched President Biden's swearing-in, followed by "hope."

Why it matters: For voters on the bubble between parties, this moment is less about excitement for Biden or liberal politics than exhaustion and disgust with Trump and a craving for national healing. Most said Trump should be prohibited from ever holding office again.

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