CORAID Garners $10,000,000 Series A Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c3b806ec-26bb-4e57-a51f-2bad45f41fbc&Preview=1 -
Date
1/25/2010 -
Company Name
CORAID -
Mailing Address
101 S El Camino Real San Clemente, CA 92672 -
Company Description
CORAID redefines storage economics with its breakthrough line of EtherDrive® storage solutions. EtherDrive delivers scale-out performance, Ethernet simplicity, and 5-8x price performance advantage over legacy storage. Designed from the ground up for virtualization and simplicity, CORAID solutions have been deployed by over 1100+ customers worldwide. -
Website
http://www.coraid.com -
Transaction Type
Venture Equity -
Transaction Amount
$10,000,000 -
Transaction Round
Series A -
Proceeds Purposes
CORAID has invented a powerful new approach for storage, and I believe it will find strong adoption in some of the fastest-growing segments of the market. -
M&A Terms
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Venture Investor
Allegis Capital -
Venture Investor
Azure Capital Partners -
Venture Investor
Undisclosed
