Tuesday, March 21, 2017

Reduxio Systems Raises $22.5M For Cloud Data Storage

San Franciso- and Tel Aviv-based Reduxio Systems, a developer of storage and data management software for the hybrid cloud market, has raised $22.5M in a Series C round. The funding was led by C5 Capital, and also included Jerusalem Venture Partners, Carmel Ventures, Intel Capital and Seagate Technology. The company has now raised $32M in total funding. Reduxio said the funding will go towards innovation and marketing. Mark Weiner is CEO and co-founder of Reduxio.