Coraid Receives $50,000,000 New Round

  • Feed Type
  • Date
    11/3/2011
  • Company Name
    Coraid
  • Mailing Address
    255 Shoreline Dr. Redwood City, CA 94065
  • 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.
  • Website
    http://www.coraid.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $50,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    With this new round of financing, Coraid will expand global operations and accelerate innovation in storage and cloud orchestration.
  • M&A Terms
  • Venture Investor
    Crosslink Capital
  • Venture Investor
    Menlo Ventures
  • Venture Investor
    Allegis Capital
  • Venture Investor
    Azure Capital Partners
  • Venture Investor
    Silver Lake
  • Venture Investor
    Kinetic Ventures

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