Monday, October 6, 2014

Reduxio Scores $15M From Seagate, Others

Reduxio, a developer of enterprise focused, storage arrays based in Israel, has raised $15M in a Series B funding, the company said this morning. The funding was led by Seagate Technology--based in Cupertino--and also included Jerusalem Venture Partners (JVP), Carmel Ventures and Intel Capital. Reduxio develops enterprise, hybrid storage arrays focused on use in cloud, virtualization, and structured data operations.