PHOENIX, Jan. 21,
2025 /PRNewswire/ -- Trinity Capital
Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative
asset manager, today announced the commitment of $30 million in growth capital to Silk
Technologies ("Silk"), a leader in software-defined cloud
storage.
Silk is a software-defined cloud storage provider focused on
enhancing the performance and efficiency of cloud applications and
databases. Silk's platform provides high throughput and low
latency, helping organizations to run their business-critical
applications in the public cloud while continuously minimizing
cloud resource requirements and the cost of managing data.
"With AI transforming how enterprises manage and consume data,
Silk's cloud storage solutions are timely and necessary," said
Jack McNamara, Director Tech Lending
at Trinity Capital. "We're excited to provide Silk with this
capital to capture the growth opportunities across the finance,
healthcare, insurance, and retail industries."
Silk continues to onboard new customers, resulting in a twofold
increase in revenue over the past two years. This growth capital
will enable Silk to continue to scale operations and fund growth
initiatives.
"The partnership with Trinity Capital will help to ensure our
cloud storage solutions continue to meet the evolving data demands
of enterprises," said Dani Golan,
Founder & CEO of Silk. "AI is driving the need to process
exponentially more data, and the Silk platform is well positioned
to deliver the performance AI requires at a fraction of the cost."
About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN) is an international
alternative asset manager, aiming to provide investors with stable
and consistent returns through access to the private credit market.
We source, vet, and invest in dynamic privately funded
growth-oriented companies, giving our investors access to a strong
and diversified portfolio. With distinct business verticals,
Trinity Capital stands as a trusted partner for innovative
companies seeking tailored growth capital solutions. Headquartered
in Phoenix, Arizona, the firm has
an international footprint, supported by a dedicated team of
strategically located investment professionals. For more
information, visit the company's website at
trinitycapital.com and stay connected by following us on
LinkedIn and X (formerly Twitter).
About Silk
Silk enables organizations to migrate and run their most complex
business-critical applications in the public cloud while
continuously optimizing performance, reliability, and costs. As the
demand for data and AI grow exponentially, Silk's software-defined
cloud storage enables enterprises to confidently transform to a
cloud-first business.
Silk leverages over 20 technology patents so customers can
effortlessly unlock the full potential of the public cloud in a
fraction of the time. Silk is headquartered outside of Boston, MA.
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SOURCE Trinity Capital Inc.