Lenovo looks to expand its standing in the high end of the enterprise storage market, where it has had less presence, with its planned acquisition of Infinidat.

Founded in 2011, Infinidat specializes in data storage, data protection, business continuity, and sovereign cloud storage solutions. Headquartered in Herzliya, Israel, and Waltham, Massachusetts, the company has raised $370 million in funding to date, with its last raise taking place in 2020.

Chinese tech giant Lenovo's first major Israeli acquisition targets profitable storage company Infinidat, marking its entry into Israel's tech ecosystem with plans for a local R&D center.

Lenovo has been building an enterprise storage business since its acquisition of IBM’s storage business, but has not had the success its rivals have enjoyed.

Infinidat was founded by Moshe Yanai in 2011. Yanai is a well-known figure in the data storage industry, having previously co-founded EMC.