Amplidata Obtains $10,000,000 New Funding

  • Feed Type
  • Date
    9/8/2014
  • Company Name
    Amplidata
  • Mailing Address
    1551 McCarthy Blvd Milpitas, CA 95035 USA
  • 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.
  • Website
    http://www.amplidata.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Funds will be used to jointly develop a family of ultra-dense storage solutions to address the rapidly growing demand to store data in public and private cloud data centers.
  • M&A Terms
  • Venture Investor

Trending on Xconomy