GreenBytes Gets $12M More, Led by Al Gore’s Venture Firm
Not all the tech news coming out of Rhode Island is bad.
GreenBytes, an Ashaway, RI-based data storage company, said today it has raised $12 million in Series B financing led by Generation Investment Management, a firm co-founded by Al Gore. Battery Ventures and GreenBytes management also participated in the funding.
GreenBytes started in 2007 and has raised just over $24 million to date. The company develops solid-state storage arrays and software that use deduplication, compression, and other techniques to make storage and virtualization more effective and energy-efficient for big companies.