ParaScale Lands $11,370,000 Series A Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fee3398e-3f16-498e-bb62-700f69c2cacc&Preview=1 -
Date
6/18/2008 -
Company Name
ParaScale -
Mailing Address
10450 Bubb Road Cupertino, CA 95014 -
Company Description
The Parascale Cloud Storage (PCS) software aggregates disk storage on multiple standard Linux servers to provide one highly scalable storage cloud, accessible via standard file-access protocols (NFS, HTTP, FTP). Parascale delivers massive storage capacity and parallel throughput. Deployments can start easily with several terabytes and scale to several petabytes in a single namespace with administrator-specified redundancy. A single administrator can manage hundreds of servers, with the system automatically balancing out hot-spots and capacity utilization across the various nodes. -
Website
http://www.parascale.com -
Transaction Type
Venture Equity -
Transaction Amount
$11,370,000 -
Transaction Round
Series A -
Proceeds Purposes
Proceeds purposes were not disclosed. -
M&A Terms
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Venture Investor
Charles River Ventures -
Venture Investor
Menlo Ventures
