Exanet was founded in 2000 by Giora Yaron and Yossi Ben-Shoshan, and raised $30 million in two rounds of venture capital funding.

[2] In November 2006, Exanet introduced ExaStore-ICM, providing automated data storage and delivery services.

Investors included Eitan Wertheimer's Microdent Ltd., Evergreen Venture Partners, Coral Group, and LTG Development Capital.

It can process unstructured data and queries, and allows immediate access to newly generated content through real-time indexing.

The product is designed to integrate with ExaStore software resulting in a clustered NAS solution combined with enterprise-class search capabilities.