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2015-09-30

Peaxy, Inc.: Peaxy Secures Series B Close

Investment Highlights Cross-Industry Need for Better Access to Large-Scale Engineering and Life Science Data Sets
SAN JOSE, Calif., Sept. 30, 2015 (GLOBE NEWSWIRE) -- Peaxy, Inc.
(www.peaxy.net), a software provider that enables data access and supports
advanced analytics across the enterprise, today announced it has closed $15
million in Series B funding. The investment, which was made by a number of
luminaries including Federico Faggin, brings the total investment in Peaxy to
$32 million since it was founded in 2012.

"Enterprises are discovering that data access is vital to enabling greater
productivity, innovation and new business models. Companies in a variety of
industries such as aviation, automotive, genomics and energy stand to benefit
greatly by addressing the fundamental data access challenges they all face,"
said Manuel Terranova, President and CEO of Peaxy. "This funding provides
additional resources to expand our platform features and commercial efforts
into a wider range of industrial and life sciences customers," said
Francesco Lacapra, CTO and VP Engineering.

Peaxy software makes it possible for enterprises to find, mine, manage and
reuse the growing volume of data assets that enterprises generate. Customers
today use various tools including Hadoop to extract additional value from
their data. Peaxy software ensures they have a way to trace back to the
original information. "This is one way we enable new data-centric business
models for our customers, such as predictive maintenance and accelerated drug
discovery," said Terranova.

According to Svetlana Sicular, Research Director at Gartner, "Many
organizations are at the point where they figured out how to get the data in
Hadoop, but not how to get the data out and derive value from it. These
companies are cracking under the pressure of rapidly increasing amounts of
unprocessed data*."

Peaxy software consolidates data across data types and infrastructures,
supported by patented technology that ensures long-term uninterrupted access
to data assets.

About Hyperfiler

The Hyperfiler provides a large-scale software-defined architecture that
consolidates data across types and infrastructures. Comprehensive,
easy-to-use data services-including search, security and data
management-enable frictionless access to data. The Hyperfiler saves time by
enabling information reuse and advanced analytics. Unique patented technology
in the system's unified namespace assigns and retains permanent file
pathnames that span applications and storage types to ensure uninterrupted
access to data assets, even across file migrations and technology refresh
cycles.

Find more information about the Hyperfiler at www.peaxy.net.

About Peaxy

Peaxy, Inc. was founded in 2012 and is dedicated to addressing challenges
imposed by the unprecedented growth in unstructured and structured data and
demand for data insights to drive growth, innovation and business
transformation. The Peaxy team includes award-winning software professionals
with numerous accomplishments in infrastructure software development.

*Gartner, Architecture Options for Big Data Analytics on Hadoop, Svetlana
Sicular, 01 July 2015
Press Contact

Michael Burke; Jon Lavietes
MSR Communications
(415) 989 9000
peaxy@msrcommunications.com
Peaxy and Hyperfiler are registered trademarks of Peaxy, Inc.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Peaxy, Inc. via Globenewswire

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