Product: Flash-Based Organizational Memory Systems Developers: Yaron Segev, Ehud Rokach, Prof. Shuki Bruck, Shahar Frank, Aryeh Margi Company: XtremIO, Subsequently EMC and Dell Year of Foundation: 2009
One of the things common to the world’s large companies, such as AT&T, Citibank, Microsoft, Expedia, Starbucks and many others, is their XtremIO. XtremIO is a flash-based organizational memory system developed by an Israeli startup of the same name. Thanks to this system, large organizations can store their accumulated data and easily retrieve the information at any time. For example, an insurance company can create a summary of all the policies issued in a certain month within just minutes.
With XtremIO, hospitals can map a human gene within a few hours, thereby enabling prior detection of future diseases.
Until 2009, the year the company was founded, the world of data storage was based on magnetic-mechanic storage disks that were extremely limited in their operating speed.
XtremeIO’s innovative idea was to construct a storage system based on electronic flash memories that enables a significant acceleration in data storage and retrieval. In order to realize this vision, the developers needed to overcome many technological and engineering challenges, including reducing the cost of flash storage, improving the reliability of devices and enabling the sophisticated and efficient use of computer resources.
Since development was completed at the beginning of 2013, thousands of companies from a range of industries and fields have benefitted from a dramatic acceleration in their computerization processes as well as a streamlining in the manner in which the data is stored and shortened processing and reaction times. The technology developed by XtremIO was acquired in 2012 by EMC (which was in turn bought by Dell in 2015).
