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Start-Up’s Profile: Maxta

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Company Maxta, Inc. Location Sunnyvale, CA Year founded 2009 Financial funding $10 million in series A by Andreessen Horowitz Main executives   Yoram Novick, founder and CEO: formerly founded Topio acquired by NetApp, following the NetApp acquisition served as VP and GM of NetApp's data replication business unit, prior to Topio spent 13 years at [...]

Start-Up’s Profile: Talon Storage Solutions

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Company Talon Storage Solutions Locations HQ in Mount Laurel, NJ; offices in Boston, MA; San Jose, CA; Noordwijkerhout (Amsterdam), Netherlands Founded in 2010 Financial funding Privately funded, less than $2.5 million Revenues and profitability Less than $5 million in sales, profitable Main executives  Shirish Phatak, chairman and CEO: was COB and co-founder of Velocius Networks, [...]

Darameer Secures $19 Million in Series D

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Datameer, Inc., in self-service big data analytics for Hadoop, announced the completion of a $19 million Series D round. Investors include Workday, Citi Venturesventures, and Software AG, and the round was led by Next World Capital (NWC), an international, expansion-stage venture capital firm headquartered in San Francisco, CA, with a strong presence in Europe. Existing [...]

RisingTide Systems Changes Name to Datera

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Start-up RisingTide Systems, born in 2008, changes its name to Datera, Inc., now based in Mountain View, CA. CEO remains Marc Fleischmann. Read also: Emerging RisingTide Announces MediaCStor Storage system to play 1000 HD videos from device the size of 1U pizza box RisingTide Systems, Storage Start-Up in Stealth Mode Supposed to be involved in [...]

Start-Up’s Profile: Reduxio

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Company Reduxio Systems Ltd (website to open end of January 2014) HQs Petach Tikvah, Israel Date founded August 2012 Financial funding $12 million invested by Intel Capital, Jerusalem Venture Partners and Carmel Ventures Revenue In development phase, no revenue at the moment Main executives  Mark Weiner, CEO and co-founder, joins from Exanet, clustered NAS vendor [...]

Peak Raises $4 Million in New Funding

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Peak (formerly PeakColo), an enterprise IaaS cloud provider for channel partners, has secured $4 million in new financing from its current investment group, Meritage Funds and Sweetwater Capital Group. The funding will help support key partnerships including a recently announced agreement with Telx, provider of interconnectivity and datacenter solutions. The funding will also support Peak's […]

$8 Million in Funding for Sonian

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Sonian, Inc., in cloud-powered email archiving, has secured an additional $8 million in funding from existing investors OpenView Venture Partners, Summerhill Venture Partners and Prism Venture Partners. This brings the total raised in the Series C funding round to $21.6 million. These new funds will be used to develop next-generation DiscoverStor platform, which will be […]

Huge $101 Million Funding Round for Nutanix

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Nutanix, Inc. has closed its $101 million series D financing co-led by Riverwood Capital and SAP Ventures. Morgan Stanley Expansion Capital and Greenspring Associates also participated in the round as new investors, joining existing investors Lightspeed Venture Partners, Khosla Ventures and Battery Ventures in the largest single financing round in the history of the converged […]

Stealthy Elastifile Raises $8 Million in Series A

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Elastifile Ltd., a company developing new storage technology that improves the performance and reduces the cost of large data centers and private clouds, has raised $8 million in Series A financing from Battery Ventures and Lightspeed Venture Partners. As part of the investment, Battery General partner Itzik Parnafes and Lightspeed partner David Gussarsky will join […]

Gridstore Closes $11 Million Series B Funding Round

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Gridstore, Inc. it has closed its Series B funding round last December 2013. The company raised $11 million in an oversubscribed round led by new investor, Acero Capital, and included participation from all of its current investors GGV Capital, Investec Ventures Ireland Limited, ONSET Ventures and some of the original angel investors. Gridstore will use […]

SanDisk Invests Unknown Amount in Nexenta

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SanDisk Corporation announced an investment in Nexenta Systems, Inc., in the growing software defined storage (SDS) market. Nexenta's software-only platform, NexentaStor, delivers high-performance, scalable and cost-effective storage solutions for both private and public cloud environments. The company has over 5,000 customer deployments with more than 800PB of storage under management. Nexenta partners with technology vendors […]

SDNsquare Closes €1.5 million Investment Round

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Ghent, Belgium-based SDNsquare NV, previously known as Candit-Media bvba and provider of software defined networking (SDN) solutions, has closed a €1.5 million investment round led by the investment and advisory firm Merapar Advisory B.V. The company offers high performance storage and network products for the media industrywhich is increasingly challenged by performance and reliability issues […]

Dropbox Raises About $250 Million, Closer to IPO

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To read this article from The Wall Street Journal, click on:Dropbox Raises About $250 Million at $10 Billion ValuationBlackRock is leading the deal alongside previous backers.

Coraid Got $29.3 Million in Financial Funding, Total Reaching $114.3 Million

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Coraid, Inc. announced another strong year driven by the company's continued success with cloud service providers and enterprises building private clouds. Coraid added several new cloud customers in 2013, including ZettaGrid and 365 Media. It delivers storage that fits the customer's business, allowing their customers to achieve business agility at a lower TCO. Coraid also […]

MemSQL Secured $35 million in Series B, Total at $45 Million

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MemSQL, Inc., in distributed in-memory database technology for real-time big data analytics, has secured $35 million in Series B funding. The investment, led by Accel Partners, will enable the company to expand product development, support its growing customer base and capitalize on the market for big data technologies, which is forecasted to reach $32.4 billion […]

Dean Drako Launches Eagle Eye Networks

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Based in Austin, TX, Eagle Eye Networks, Inc. formally introduced itself as a provider of an on-demand security and operations video management system. In other news today, Eagle Eye also announced that its Security Camera Video Management System (VMS), was released to the channel after 18 months of development and deployment with a variety of […]

Box Quietly Filed For IPO

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To read this article from Forbes, click on:Online Storage company Box Just Quietly Filed For IPOOnline storage company Box has secretly filed for IPO, sources say, just weeks after announcing a $100 million funding round in early December to fuel international growth.   Read also:Dropbox Raises About $250 Million, Closer to IPOEstimated $10 billion valuationBox […]

CloudLock, in Cloud Security, Raises $16.5 Million Series C Round

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CloudLock, Inc., a cloud data security company, announced raised $16.5 million in a Series C funding round from new investor Bessemer Venture Partners, and participation of existing investors Cedar Fund, and Ascent Venture Partners. In 2013, CloudLock experienced another consecutive year of growth in helping enterprises of all size and in all verticals overcome their […]

$2.4 Million Series A Funding for Adar IT

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ADAR IT (ADAR LLC), a Chicago-based cloud computing company has secured $2.4 million in Series A funding from MK Capital and engaged BOSI Global as an operating partner to build on 84% compounded annual growth and 97% customer retention. ADAR IT is a cloud IT services company bringing enterprise cloud solutions to SMBs. Each customer […]

Docurated Closes $3.75 Million Series A Funding

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Docurated, Inc., whose document management platform instantly transforms file storage solutions such as Box, Dropbox, SharePoint, Google Drive and file servers into searchable and actionable content, has closed a $3.75 million Series A financing round. The round was led by Rogers Venture Partners (RVP) whose general partner Voytek Siewierski has joined Docurated's board. Existing investors […]
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