1Mby1M Startup EnCloudEn Acquired by Quantum Corporation

Congratulations to EnCloudEn Co-founder Abinash Saikia and the entire EnCloudEn team! Quantum Corporation (NASDAQ: QMCO) acquired EnCloudEn, an early stage hyperconverged infrastructure (HCI) software company. The co-founders mostly bootstrapped the company with very small capital, so this is effectively a bootstrapping to exit deal.

“I joined the 1Mby1M Premium program in 2020 and had a very good experience interacting with Sramana,” shares EnCloudEn Co-founder Abinash Saikia. “Her inputs during the private roundtable sessions added a lot of value; she addressed the exact objectives I had. She also made a number of valuable introductions. Overall, the program had a very positive influence on our journey.”

The EnCloudEn acquisition will enable Quantum to expand the addressable market for the company’s video surveillance portfolio, offering customers a solution using their server hardware of choice with a flexible subscription-based software model. EnCloudEn’s approach to simplicity and automation integrates tightly with Quantum’s strategy to offer customers intuitive end-to-end solutions for the video data lifecycle.

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Sramana Mitra: C3.ai is exactly like yours. They have a core platform. They’ve gone after the energy market first. They have relationships with the system integrators. Now they’re broadening. It’s a very similar strategy. There’s another company that I’m tracking that has a similar strategy. They come from an open source route which is H20 AI. 

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Prashant Kumar: Yes. We are like SAP for telcos. The platform is agnostic to any vertical. The approach we have taken is very SAP-oriented. I’ll give you an example. If United Airlines buys Amtrak SAP’s procurement system, the underneath tech doesn’t change.