Scale Computing, a provider of midmarket clustered storage solutions, this morning announced it has secured $17 million in Series C funding in a round led by Scale Venture Partners with participation from Northgate Capital and existing investors (including Benchmark Capital). This latest round of funding brings the total raised for the company to $31 million. […]
Posted on November 24th, 2010 by admin
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Coraid, a developer of Ethernet SAN storage solutions, this morning announced that it has closed a $25 million Series B funding round led by Menlo Ventures. All of Coraid’s Series A ($10 million) backers, including Allegis Capital and Azure Capital Partners, participated in this round. The reason why it’s interesting that Menlo Ventures led this […]
Posted on November 16th, 2010 by admin
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Enterprise software giant EMC has just acquired Isilon Systems for $2.25 billion in cash or appoximately $33.85 per share. The deal was rumored to be in the works but now it’s official. Isilon is know for its “Scale-out NAS” storage systems, which offer customers a highly scalable, low-cost storage infrastructure for managing “Big Data.” Clients […]
Posted on November 15th, 2010 by admin
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Enterprise cloud storage provider Nirvanix is adding more money to its coffers and putting an experienced executive at the steering wheel. The company has secured an additional $10M, bringing its total of capital raised to $45 million. The capital infusion comes from primary investors Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures. In addition, […]
Posted on November 10th, 2010 by admin
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Enterprise cloud storage provider Zetta has raised $11.5 million in Series B funding from existing investors Foundation Capital and Sigma Partners. This brings Zetta’s total funding to $22.5 million. Zetta provides offsite data backup and protection and storage solutions for enterprises of all sizes. Zetta’s storage system includes RAIN-6 N+3, which the company says guarantees […]
Posted on November 9th, 2010 by admin
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Cloud-based storage and sharing application Box.net has bet big on iOS apps so far, and has seen considerable traction with its iPad and iPhone apps. Since launch, Box.net has seen 200,000 downloads of its iPhone and iPad apps, and topped 1 million content previews on mobile in the second quarter of 2010. Today, Box is […]
Posted on September 23rd, 2010 by admin
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Cloud storage startup Cirtas Systems has raised $10 million in Series A funding from NEA, Lightspeed Venture Partners and Amazon. The company is also launching its Bluejet Cloud Storage Controller product, which is a cloud-enabled enterprise storage system. Cirtas’ Bluejet technology blends WAN optimization with virtualized storage arrays, replicating on-site enterprise storage arrays. Bluejet, which […]
Posted on September 21st, 2010 by admin
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This morning, we saw Dell’s announcement that 3PAR had accepted its increased offer to acquire the storage company for $24.30 per share in cash, or approximately $1.6 billion, net of 3PAR’s cash. Now HP just upped the ante, offering $1.8 billion for 3PAR, or $27 per share in cash. Clearly these companies want 3PAR. Bad. […]
Posted on August 26th, 2010 by admin
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Dell has agreed to acquire 3PAR, a competitor to the likes of IBM, HP, EMC and Hitachi in the data storage and management space. The transaction is valued at $18 per share in cash – marking a 86.5% premium to company’s Friday closing price of $9.65 – or approximately $1.13 billion. 3PAR provides a virtualized […]
Posted on August 17th, 2010 by admin
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Cloud-based storage and sharing application Box.net is getting into the syncing game today. The startup is unveiling Box Sync, an extension of the Box.net platform that connects users’ desktops to Box.net’s cloud-based content management and collaboration platform. With the Box Sync desktop client, users can sync Box.net folders with their desktops. The new feature is […]
Posted on June 10th, 2010 by admin
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