Scale Computing Secures $9,000,000 Series B Funding
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Feed Type
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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
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Venture Investor
Benchmark Capital -
Venture Investor
Blue Chip Venture Company -
Venture Investor
CID Capital -
Venture Investor
Spring Mill Venture Partners
