Amplidata Garners $8,000,000 Series C Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3db283b2-cb68-431d-ab9b-16003117a67f&Preview=1 -
Date
3/1/2012 -
Company Name
Amplidata -
Mailing Address
2100 Seaport blvd Redwood City, CA 94063 -
Company Description
Amplidata provides unbreakable storage technology that is ten thousand times more reliable than current RAID based technologies, requires 50-70% less storage and power and 90% less expensive than current storage solutions. The Amplidata Optimized Object Storage fundamentally changes the way how data is stored and scales up to zettabytes. Amplidata is a spin-off from Incubaid, a group of technology companies that focuses on data center innovations. -
Website
http://www.amplidata.com -
Transaction Type
Venture Equity -
Transaction Amount
$8,000,000 -
Transaction Round
Series C -
Proceeds Purposes
The additional funding will support further development of the sales and support organization in the US, Europe and Asia. -
M&A Terms
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Venture Investor
Intel Capital -
Venture Investor
Swisscom -
Venture Investor
Undisclosed
