OpenDrives, a leading provider of advanced video data management and workflow solutions, has announced a new funding round led by IAG Capital Partners. This investment will support the company’s global growth and the expansion of its software platform tailored for media, sports, and enterprise video production teams.

Along with the funding, OpenDrives has promoted long-time Chief Operating Officer Trevor Morgan to Chief Executive Officer. Morgan has been instrumental in the company’s operational and strategic evolution, bringing valuable experience in data management and SaaS from his previous roles at startups and major firms like Cisco and Capital One.

This leadership change reflects OpenDrives’ successful transition from a hardware-centric business to a software-driven platform designed to meet the complex demands of large-scale video data management. In late 2025, the company launched the first version of Astraeus, an advanced data services platform built on Kubernetes. Astraeus enhances the capabilities of OpenDrives’ flagship product, Atlas, which is widely used by broadcasters, professional sports organizations, and post-production studios worldwide.

Joel Whitley, Partner at IAG Capital Partners, expressed strong confidence in OpenDrives’ future as a top provider of video data management solutions across media, entertainment, sports, and corporate video production sectors. Morgan added, “With our business transformation complete, we are poised to extend the OpenDrives platform to video production professionals across all industries and regions. Wherever complex video challenges arise, we aim to be the preferred partner.”

OpenDrives’ platform enables customers to utilize their preferred storage hardware while leveraging advanced software for video data workflow management and orchestration. The solution supports seamless handling of video assets across on-premises, cloud, and hybrid environments, allowing organizations to transfer cloud data back to on-premises infrastructure for significant cost savings without sacrificing cloud-like scalability and accessibility.

As video continues to dominate global communication, OpenDrives stands out as the only software partner focused exclusively on video production and workflow storage management. Industry data indicates that video accounts for over 85% of global internet traffic, generating hundreds of exabytes annually across entertainment, sports, news, marketing, and enterprise communications. The growth of high-resolution formats such as 4K, 8K, HDR, and immersive video is driving increased storage and network demands, creating new workflow challenges for creative teams.

OpenDrives helps organizations reduce storage costs, minimize network egress fees, and provide near-instant access to large video libraries—capabilities essential for time-sensitive production environments. While continuing to serve its core media and entertainment clients, the company is also expanding into professional sports and corporate creative teams producing high-end video content. The platform is also equipped to manage other large-scale unstructured data types requiring high performance, reliability, and intelligent workflow management.

For more information, visit www.opendrives.com.

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