Leil lands €1.5M to make hyperscale storage infrastructure accessible for all

Estonian startup Leil has secured €1.5 million in seed funding to make hyperscale data storage solutions accessible to a wider market. This investment, led by Karma Ventures with Specialist VC participation, aims to address the growing demand for efficient and cost-effective data storage as data generation continues to surge. The funding will fuel Leil’s expansion, focusing on product development and commercial team growth. Leil’s core innovation lies in its software designed for shingled magnetic recording (SMR) hard drives, which can store approximately 20% more data per disk compared to conventional drives. This leads to approximately 20% cost reduction per terabyte and lower energy consumption, addressing the challenge of escalating costs in enterprise storage, currently a $22 billion market growing at 20% annually. The software also reduces operational overhead by requiring fewer drives, and can yield up to 70% energy savings by classifying and managing data access patterns. This technology directly benefits data-intensive organizations, including broadcasters, archives, and research institutes, operating in multi-petabyte environments. Leil's software provides these organizations with a more economical and sustainable method of managing their data, allowing them to better control their data and reduce environmental impact. Leil offers a subscription-based model and a phased transition approach to integrate its solution with existing infrastructure. The company's focus on enterprise-level data storage solutions highlights a trend towards more efficient and accessible infrastructure. With the new funding, Leil is poised to play a significant role in enabling the next wave of innovation in AI and science, offering more resilient and efficient data solutions to a growing market.