RainStor Obtains $7,500,000 Series B Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=96c59d04-e451-4f00-8a24-1bf3b520beae&Preview=1 -
Date
3/10/2010 -
Company Name
RainStor -
Mailing Address
45 Belden Place 2nd Floor San Francisco, CA 94104 -
Company Description
RainStor™ is a technology pioneer in online information preservation. The company’s specialized data repository significantly reduces the total cost of preserving information through extreme data compression, simplified data management, and near-perfect scalability on commodity hardware. -
Website
http://www.rainstor.com -
Transaction Type
Venture Equity -
Transaction Amount
$7,500,000 -
Transaction Round
Series B -
Proceeds Purposes
RainStor will use the funding to expand into new markets, grow its partner base, and invest in product development and R&D. -
M&A Terms
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Venture Investor
Storm Ventures -
Venture Investor
Informatica -
Venture Investor
Doughty Hanson & Co -
Venture Investor
Dow Venture Capital
