ScaleIO Lands $12,000,000 New Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=98942447-bafb-4483-8236-b208ea42f869&Preview=1 -
Date
12/5/2012 -
Company Name
ScaleIO -
Mailing Address
525 University Avenue Palo Alto, CA 94301 -
Company Description
Over the years, the team of ScaleIO founders has been involved in various situations in which a customer had acquired expensive SAN products that were standing unopened, still in their cartons and shrink wrap, in the data center. The reason? Not enough power, cooling, or switch ports to connect the storage. At the same time, thousands of internal disks, supporting just a few gigabytes of operating system each, were spinning in the application servers, hogging power, cooling and space. -
Website
http://www.scaleio.com -
Transaction Type
Venture Equity -
Transaction Amount
$12,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The company will use the funding to expand its field operations in response to growing demand by enterprises and service providers for the ScaleIO ECS software product. -
M&A Terms
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Venture Investor
Greylock Partners -
Venture Investor
Norwest Venture Partners
