- OpenDRIVE is an open format specification to describe a road network’s logic.
- Its objective is to standardize the logical road description.
- The initial release of OpenDRIVE was version 0.7 in 2005.
- The version was updated to version 1.6 in May 2020.
OpenDrives Inc. is a global provider of enterprise-grade, hyper-scalable network-attached-storage (NAS) solutions. The service can handle data-heavy workflows while maximizing performance. The company announced today that it has raised up to $20 million in Series B funding. IAG Capital Partners led this round. The funding is bringing the company’s total capital to $30 million.
OpenDrives will use the capital to grow the company, accelerating product development to introduce modern high-performance computing (HPC). hybrid cloud capabilities for global businesses in enterprise, media and entertainment, pharmaceutical, and federal government agency markets.
Opendrives, which provides network-attached storage solutions.
OpenDrives, which provides network-attached storage solutions for enterprise clients, today announced a series B funding round. The company did not disclose the exact amount but reports that the round approaches $20 million and was led by IAG Capital Partners.
OpenDrives plans to use the capital for product development, including introducing high-performance computing hybrid cloud storage capabilities to new markets. The company is also going public with its own investment in a startup called Ctrl IQ, whose technology stack will help OpenDrives scale its data workflows and bring HPC to enterprises.
This news, combined with OpenDrives’ recent product series launches — like its redesigned Atlas 2.0 software and customizable NAS Hardware — show the evolution of its nearly 10-year data journey.
OpenDrives Raises $20 Million for data storage
Culver City-based OpenDrives Inc., which manages data storage for film production companies and other businesses, announced on Jan. 21 that it had raised $20 million in a Series B funding round led by IAG Capital Partners. The company says it has now raised more than $30 million in total capital. The new funding will allow OpenDrives to make new hires and scale up its business in anticipation of adding new clients in the year ahead, the company said.
OpenDrives also announced that it would make a strategic investment in Ctrl IQ Inc., a newly established startup specializing in cloud-based and on-premises high-performance computing solutions for customers with advanced technical requirements.
