CORAID Garners $10,000,000 Series A Funding Round

  • Feed Type
  • 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
  • Venture Investor
    Allegis Capital
  • Venture Investor
    Azure Capital Partners
  • Venture Investor
    Undisclosed

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