# Avere Systems funding: rounds and investors > Avere Systems has raised $86M across 5 rounds since 2009. Investors include Menlo Ventures, Norwest Venture Partners and Tenaya Capital. Source: https://millionrounds.com/company/avere-systems (Millionrounds; every figure on the page links to its filing or article) United States · [Series E startup](https://millionrounds.com/companies) # Who invested in *Avere Systems* 5 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Big Data & Analytics Funding summary Updated 26 Oct 2026 **$86M** raised across 5 rounds since 2009, from 5 sources **$15M** Series A **$17M** Series B **$20M** Series C **$20M** Series D **$14M** Series E - **Latest round:** Series E, $14M Mar 2017 - **Biggest round:** $20M Series D · Jul 2014 - **Investors:** 7 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2011 2013 2015 2017 **$15M** Series A **$17M** Series B **$20M** Series C **$20M** Series D **$14M** Series E - **First round:** Series A, $15M - **Biggest round:** $20M - **Usual gap between rounds:** 2 years ## The rounds - **Mar 2017** Series E **$14M** *1 new* *5 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Google](https://millionrounds.com/fund/google-assistant-investments) [Tenaya Capital](https://millionrounds.com/fund/tenaya-capital) [HGST](https://millionrounds.com/fund/western-digital-capital) Reported by FinSMEs SEC filing: $14M sold, first sale Mar 2017 - **Jul 2014** Series D **$20M** *2 new* *4 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Tenaya Capital](https://millionrounds.com/fund/tenaya-capital) [HGST](https://millionrounds.com/fund/western-digital-capital) [Western Digital Technologies](https://millionrounds.com/fund/western-digital-technologies) From a historical funding record - **Jul 2012** Series C **$20M** *1 new* *3 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Tenaya Capital](https://millionrounds.com/fund/tenaya-capital) Reported by pevc.dowjones.com - **Aug 2010** Series B **$17M** *1 new* *2 returning* [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Tenaya Capital](https://millionrounds.com/fund/tenaya-capital) Reported by deals.venturebeat.com SEC filing: $17M sold, first sale Jul 2010 - **Sept 2009** Series A **$15M** *2 new* [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) From a historical funding record ## Founders and team From the SEC filings it signed: 1 on the team. - **Ronald Bianchini** Executive Officer, Director i On the board, as filed i *Bill Chambers* *John Dean* *John W. Jarve* *Matthew D. Howard* *Paul Brian* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series A** 2009 **Series B** 2010 **Series C** 2012 **Series D** 2014 **Series E** 2017 [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Tenaya Capital](https://millionrounds.com/fund/tenaya-capital) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [HGST](https://millionrounds.com/fund/western-digital-capital) [Google](https://millionrounds.com/fund/google-assistant-investments) [Western Digital Technologies](https://millionrounds.com/fund/western-digital-technologies) ## The exit Exit Buyer Price When Acquired [Microsoft](https://millionrounds.com/fund/microsoft) undisclosed Jan 2018 From historical deal records. Wrong? [Tell us](https://millionrounds.com/corrections?slug=avere-systems). ## Everyone who backed them [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) VC firm **5** rounds [Norwest Venture Partners](https://millionrounds.com/fund/norwest) VC firm **5** rounds [Tenaya Capital](https://millionrounds.com/fund/tenaya-capital) VC firm **4** rounds [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **3** rounds [HGST](https://millionrounds.com/fund/western-digital-capital) Corporate VC **2** rounds [Google](https://millionrounds.com/fund/google-assistant-investments) Accelerator **1** round [Western Digital Technologies](https://millionrounds.com/fund/western-digital-technologies) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=avere-systems). ## Quick answers about Avere Systems ### Who invested in Avere Systems? Avere Systems's investors include Menlo Ventures, Norwest Venture Partners, Tenaya Capital, Lightspeed Venture Partners and HGST, and 2 more on record. ### How much has Avere Systems raised? Avere Systems has raised $86M across 5 rounds since 2009. ### When did Avere Systems last raise? Avere Systems's most recent round was a Series E of $14M in Mar 2017. ### What was Avere Systems's biggest round? Avere Systems's largest round on record is $20M (Series D), in Jul 2014. ### Who backed Avere Systems first? Avere Systems's first round on record, in Sept 2009, was backed by Menlo Ventures and Norwest Venture Partners. ### What stage is Avere Systems at? Avere Systems's latest named round is a Series E, in Mar 2017. ### Where is Avere Systems based? Avere Systems is based in the United States. ## Companies like Avere Systems In the same sector, and raised in the last eighteen months. 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