Wednesday, June 28, 2006

SANRAD Garners $10M For iSCSI Storage Systems

San Mateo-based SANRAD has scored $10M for its iSCSI storage systems, saying that it has received a venture capital round from Foundation Capital. SANRAD will use the funding to expand sales, marketing and support, as well as product development. Ashmeet Sidana, a Venture Partner at Foundation, will join the company's board as part of the funding. SANRAD develops iSCSI storage appliances targeted at the enterprise market. More information »