Thursday, November 3, 2011

Coraid Snags $50M

Redwood City-based Coraid, a developer of Ethernet-based storage arrays, announced today that it has closed on an additional, $50M in an investment round. The round was led by Crosslink Capital, and also included prior investors Menlo Ventures, Allegis Capital, Azure Capital Partners and affiliates of Silver Lake, and new investors Seagate Technology and Kinetic Ventures. The firm said the funds will go towards global operations. Coraid is run by Kevin Brown. More information »