Wednesday, September 27, 2006

ARIO Raises $8M

San Jose-based ARIO, a provider of storage targeted at midsize companies, said last night that it has raised $8M in additional venture funding. The new round was led by Clearstone Venture Partners and Partech International, and also included Mellon Ventures, Evercore Partners, Anthem Venture Partners, and Sunsino Ventures. The firm will use the new funds for expansion of its business and working capital. The round brings the total raised by the company to $44M. More information »