Maginatics Obtains $17,000,000 Series B Round

  • Feed Type
  • Date
    8/21/2013
  • Company Name
    Maginatics
  • Mailing Address
    888 Villa St Mountain View, CA 94041
  • Company Description
    Maginatics simplifies and modernizes enterprise storage with a software-only solution that brings the agility and economics of object storage (“cloud storage”) into the enterprise in a way that meets the most stringent security, scalability and data accessibility requirements.
  • Website
    http://www.maginatics.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $17,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Maginatics will use the investment to scale sales, marketing and support to fuel growth in the US and internationally and increase the pace of adoption of the company’s flagship product, MagFS (Maginatics File System).
  • M&A Terms
  • Venture Investor
    Intel Capital
  • Venture Investor
    Comcast Ventures
  • Venture Investor
    WestSummit Capital
  • Venture Investor
    Atlantic Bridge Ventures
  • Venture Investor
    VMWare

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