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Archil raised $6.7M in Seed funding led by Felicis with participation from top investors including Y Combinator and others to expand operations.

Jun 03, 20256 months ago

Amount Raised

$6.7 Million

Round Type

seed

San FranciscoSoftware

Investors

Amit GuptaRyan WorlErik BernhardssonWayne DusoTheo BrowneTwenty Two VenturesLombardstreet VenturesGeneral CatalystWayfinderPeak XvY CombinatorFelicis

Description

Archil, a San Francisco-based startup, raised $6.7M in seed funding. The round was led by Felicis, with notable participation from Y Combinator and several angel investors. The company intends to use the funds to expand operations and development efforts. Archil provides data teams with a high-performance storage platform for cloud applications.

Company Information

Company

Archil

Location

San Francisco, California, United States

About

Archil is helping data teams save 90% on their storage costs, by transforming their S3 buckets into high-performance, local file systems. With Archil, companies can eliminate costly data movement for tasks like AI model training, data analytics, genomics, and financial analysis.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers