Xconomy Detroit

Scale Computing Secures $9,000,000 Series B Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=daff6909-9b20-4a22-997d-61e559b0af57&Preview=1
Date
3/9/2010
Company Name
Scale Computing
Mailing Address
5225 Exploration Drive Indianapolis, IN 46241
Company Description
Super Bruce needed data storage. Our research revealed that a few TBs of storage cost more than Super Bruce cost to build. Additionally, existing market solutions in our price range couldn’t scale like Super Bruce (SB). SB used an advanced parallel file system called GPFS by IBM that was found only in the world’s most complex supercomputing installations. We could scale processing power easily (hence the 8.5 feet of Intel chips), but we couldn’t find an affordable solution to linearly grow storage.
Website
http://www.scalecomputing.com
Transaction Type
Venture Equity
Transaction Amount
$9,000,000
Transaction Round
Series B
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Benchmark Capital
Venture Investor
Blue Chip Venture Company
Venture Investor
CID Capital
Venture Investor
Spring Mill Venture Partners