Tuesday, December 18, 2012

Exablox Raises $22M For Storage Technology

Mountain View-based storage technology developer Exablox announced this morning that it has now raised $22M in two rounds of funding. The firm said the funds came after completing oversubscribed Series A and Series B funding rounds. The funding came from DCM, Norwest Venture Partnres, and US Venture Partners. According to Exablox, the new funding will go towards product development and industry partnerships. Exablox has not detailed exactly what it is doing, but said it is developing "cloud-managed scale-out storage" aimed at unstructured data. The firm's team includes veterans from Data Domain, Veritas, NetApp, Omneon,GreenPlum, Ocarina, and Bell Labs. The firm is led by Douglas Brockett (former GM at SonicWall). More information »