Wednesday, July 28, 2010

BlueArc Lands $20M More

San Jose-based BlueArc, a developer of network attached storage products, said today that it has raised $20M more in funding. The round was led by Investor Growth Capital, the venture arm of Investor AB. BlueArc also said that its sixteen existing investors also participated in the funding. BlueArc has previously raised capital from ChevronTexaco Venture Equities, Crosslink Capital, Fort Washington Capital Partners, Hitachi, Meritech Capital, Morgenthaler Ventures, RWI Group, Wasatch Advisors, Weston Presidio Capital, and others. The firm said the funding round gives it an opportunity to increase its growth and momentum, and particularly to help ramp new development and investments in headcount. More information »