Project Mercury
About Mercury
- spin-off company from Singapore’s A*STAR’s Data Storage Institute
- plan to innovate and commercialise next -generation data storage solutions
- target the fastest-growing industries in the Cloud, Data Centers, Internet of Things (loT) space
- obtain key IP rights and support from a team of experienced A*STAR research engineers
- develop a full suite and pipeline of solutions to be deployed with direct clients and through resellers
- target >US$150mil revenue by the 5th year, with gross margins of SO%
Flagship Product
- innovative storage architecture and system, starting with device
- transforms any standard off-the-shelf hard disk drive {HDD) into an autonomous and intelligent storage device, with a full suite of software solutions and know-how
- condensed large-scale storage enclosure, using a Soft ware – Defined-Storage (SDS) model
- 40% lower total cost of ownership (TCO) compared to existing solutions
- lower power consumption and space needs
Competitive Highlights
- Unique Value Proposition
- highly scalable and cost-efficient storage solution that eliminates the need for expensive storage servers
- High Technology Readiness
- ready functional prototype
- Early Customers Buy-in
- engaged ready-to-launch customers in Asia to deploy the Active Storage in their data centres
- Attractive Exit Strategy
- otrade sale or IPO, both Amplidata and Cleversafe sold for ~US$200 million each
Market
- file and Object Storage (FOBS)
- USD$11.4bil in 2014, 30% CAGR (Source: IDC)
- projected growth of 33% per annum, reaching US$40 bil by 2021
Investment Opportunity
- capital raising up to USD$1Smil
- Investors/partners to commercialise the business oequity funding
- introduce new additional markets
- link up with additional launch customers
- accelerate product efforts
- provide complementary IPs
Transaction Dynamics
Opportunity for high returns generated from the
Process
Please contact Nick Farnan from Management Advisors for further details