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.

Today’s news is particularly significant coming off of EMC’s recent purchase of XtremIO, a competitor in solid-state (specifically, flash-based) data storage.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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