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Squeak! - Storage VCs (Venture Capital Funds in Storage)

This page lists hundreds of VC storage investments totalling billions of dollars.
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As I know from my own personal experience, it's a nice feeling when, as a start up, you get your first big venture capital check. There's a temptation at first to pass it round the office, to give everyone a hands-on feel. It's real. Everyone in your proto management team admires it. A big name financial institution really believes in us, and our vision. "Hey, we finally did it. Here's the money." Then reality sets in, and you rush over to the bank and put it in a deposit account to start earning interest. By the time the second and third round investments come in, you know your VC better than many of your closest friends, and they never surprise you, and you try and make sure you never surprise them, with sudden unexpected bad news.

The urge to innovate is part of human nature and goes back hundreds of millions of years to those primeval creatures who wanted to crawl out of the pea soup and see what was happening on dry land. It's in our DNA. There's a new bubble forming - storage. This one, like the dotcom boom, is going to change computing as we know it. Storage companies led the way to the US IT recovery in 2004. Choosing the right storage may soon become more strategic for IT buyers than deciding the OS in their server. Storage (which was a $165 billion market in 2006) is becoming a big part of the IT hardware caboodle.

Analysing the data and companies in this article is intended to help you answer the following questions.
  • Who's been investing venture funds in storage? - useful if you're planning your own start up.
  • Which new storage companies should you be looking out for? - either as a supplier, a future competitor, or a place to go and work.
  • What technologies does the investment community think, will be the hot products in the future? - they're not always right about individual companies, but as a herd, VC's are usually right about emerging markets.
  • What companies are possibly going to make a future dent in my current storage portfolio investments, and where should I be looking to future IPO's?
This reference feature includes a round up of venture capital funds and private investments made in storage companies since the start of the new millenium. I've included the dead companies too - because sometimes it's instructive to see see how much money went down the toilet.
VC page readers - click to see storage market history
Megabyte had just received the first round
of investment for his new business plan.
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$22 million Funding for SSD Controller Chip
Santa Clara, Calif. - April 9, 2008 - Link_A_Media Devices Corp secured $22 million in Series B financing.

The funding round, led by AIG SunAmerica Ventures, was secured from 4 additional financial and corporate investors - KeyNote Ventures, NEC Electronics, Micron and Seagate.

Link_A_Media Devices is developing a new class of chip controller resident data recovery solutions for HDDs and SSDs. These are designed to exceed the performance of conventional methods deployed in peripheral storage devices, as well as provide adaptive features that can be used during manufacturing to improve drive yields and product margins. ...Link_A_Media Devices profile

Editor's comments:-
MLC flash SSDs have high internal error rates and are currently unrecoverable. It looks like Link_A_Media's technology could improve the odds of data recovery in failed devices which incorporate its technology (as well as reducing data errors while the SSD is still operational.)

Another side effect of their technology may be better performance in flash SSDs.

Link_A_Media says their IOP Buster architecture enables scalability within the controller to address various segments of SSD applications seamlessly. It enables faster Read and Write transfers.
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Company which got the investment $ millions Details
3PARdata 116 May 1, 2000. 3PARdata, the enterprise-class information storage system company focused on accelerating data intensive tasks, announced today it has secured $16M in its second round of financing via investments from the Oracle Venture Fund as well as incremental investments from round leaders Mayfield Fund and Worldview Technology Partners.

July 02, 2001 - 3PARdata announced today that it has secured $100 million in third-round financing from its strategic business partners, its international partners and the financial community. The round was led by Amerindo Investment Advisors and 3PARdata's original investors, Mayfield and Worldview Technology Partners, who participated for the third time. Key strategic investors included Sun Microsystems and VERITAS Software, and Oracle Corporation, which invested for the second time.
3ware 26 Feb. 11, 2003 - 3ware., Inc., a leading provider of high-capacity, switched Serial ATA RAID storage solutions, today announced that it has completed a $26 million round of financing. U.S. Venture Partners, a leading venture capital firm, headed the follow-on round. Other key investment companies include New Enterprise Associates, VantagePoint Venture Partners, Selby Venture Partners, among others.

"As enterprise storage requirements continue to sky rocket, there is a growing demand for scalable, cost effective, reliable storage. We believe that Serial ATA will have a significant role in satisfying this demand," said Magdalena Yesil of U.S. Venture Partners. "We are very enthusiastic about our investment in 3ware. The company has developed an excellent product line and has recruited a seasoned management team to execute on its growth strategy."
Aarohi Communications 46 December 6, 2002 - Aarohi Communications, a provider enabling technology for the storage networking market, announced today the closing of $8 million as part of its second round of funding. Intel Capital led the round, joined by previous investors Telesoft Partners, Kennet Capital and private investors. The funding will be used to accelerate development and launch of Aarohi Communications' storage networking technology. Since its' founding, the company has secured more than $23 million in total funding.
Acuid 8 June 21, 2001 - HgCapital is providing $8 million of expansion capital to Acuid Corporation. Acuid has developed intellectual property for high-speed data communication.

Established five years ago, Acuid recognised the potential for fast chip-to-chip communication, which over the last few years has lagged behind processor speeds. Acuid's technology enables communication speeds between micro-chips of between ten and one hundred times faster than current, equivalent technology. Its low-cost, high-performance product has applications for optical communication, chip-to-chip interfaces and automatic testing equipment for memory chips. This is a multi-billion dollar market and Acuid's testing equipment is especially well placed to service the rapid emergence of the latest memory technology, DDR.
Alacritech 35 January 21, 2002— Alacritech®, Inc., the innovator of accelerator solutions that enable fast and efficient servers and storage systems, today announced the completion of its Series C financing. Led by returning venture capital investor Berkeley International Capital Corporation, the $13 million round also includes Munder Capital Management, Needham Capital Partners and Quantum Technology Ventures. This round brings the total investment in Alacritech to more than $35 million, demonstrating the confidence investors have in Alacritech's continued leadership position with innovative TCP acceleration solutions for networked storage.
AmeriVault 1 June 16, 2003 - AmeriVault Corp. the pioneer of online server backup and recovery for business, announced today that they have secured an additional $1 million in equity financing from Alta Communications, a Boston based investment firm specializing in the communications industries, who has invested more than $1 billion in over 100 companies. AmeriVault will use the additional funding to introduce new products and services, invest in sales and marketing within their existing markets and continue to expand their growing reseller network.
AppIQ 20 February 27, 2003 – AppIQ™, the leader in the open management revolution in storage management software, today announced that it raised $12 million in its second round of venture capital financing. AppIQ's continuing ability to execute a solid business plan and establish extensive industry partnerships has resulted in an up round co-led by original investors Matrix Partners and North Bridge Venture Partners. This brings the total funds raised to $20 million. The additional capital will be used to expand AppIQ's marketing, sales and engineering efforts as the company enters its next phase of growth.
ApplianceWare 14 Aug 22, 2000 - ApplianceWare™ Inc., provider of affordable, easy-to-use server appliance software solutions, today announced today announced an additional $14 million in funding led by OppenheimerFunds. Other significant investors include Scudder Kemper Investments and Sidus Investment Management, LLC. The financing follows an earlier private placement of $3 million led by investment bank Wit SoundView.
Aprilis 2+? Dec. 7, 2000 - Aprilis, Inc., based in Cambridge, Mass., announced today that it recently received an initial, multi-million dollar round of venture capital financing, led by Zero Stage Capital, to develop its proprietary holographic data storage technology. Aprilis is developing the world's first holographic-based data storage products using a proprietary technology based on over five years of research an development that was spun out from a Fortune 500 company. These products, targeted for high capacity storage markets, will provide extremely high storage capacity, fast data access times and exceptional data transfer rates.
Archivas 28 February 27, 2006 - Archivas, Inc., the leading provider of fixed content archiving solutions, today announced that it is has successfully completed a third round of financing of $12 million, bringing the company's total financing raised to date to over $28 million.

The round was led by original Series A and B round investors, North Bridge Venture Partners and Polaris Venture Partners; with Series B investor Solstice Capital joining this successive round as well. The funds will be used for continued development of its Archivas Cluster (ArC) technology, as well as to extend its market reach and penetration, which will include key distributor relationships with value added reseller (VAR) and original equipment manufacturer (OEM) partners, such as that with Hitachi Data Systems Corporation, the leading provider of Application Optimized Storage solutions and a wholly owned subsidiary of Hitachi, Ltd. (NYSE: HIT), also announced today.
Arkeia 4 Aug. 3, 2004--Arkeia Corp. announced today at LinuxWorld that it has completed a $4 million round of equity funding from Banque Populaire and Credit Lyonnais. The proceeds will be used to expand product research and development, expedite sales and marketing efforts, and enlarge corporate infrastructure as the closely held company seeks to increase its share of the worldwide data protection market.

The initial round of funding from two large European investment banks reflects Arkeia's growth potential in the Linux-based backup and recovery market. Profitable since its inception in 1996, the company will use the proceeds to fuel a worldwide expansion program from its headquarters in Carlsbad, Calif. and Paris, France.
ARIO Data Networks 17.3 February 2, 2004 - ARIO Data has received $17.3M in funding to date from Clearstone Venture Partners, Partech International, Triton Management, and Evercore.
Aristos Logic 80 December 18, 2001 - Aristos Logic, a leading developer of silicon solutions for the networked storage market, announced today that it has raised $15.5 million in Series B funding from an investment group led by J. P. Morgan Partners and TPG Ventures. Enterprise storage experts Quantum Technology Ventures also participated in this round of funding. The company intends to use the proceeds to continue aggressive development of its Storage Processing Unit (SPU™) technology and FibreSlice™, its flagship product targeted at the enterprise class storage controller as well as network storage virtualization applications.

March 17, 2003--Aristos Logic, the developer of the world's first Intelligent Storage Processor, announced today the completion of a $20 million funding round led by Woodside Fund. Also participating in this round were previous investors JP Morgan Partners, TPG Ventures, QTV Capital and a new investor, Macnica Inc. of Japan. In conjunction with the completion of this round, Aristos Logic has appointed Rick Shriner, a Venture Partner at Woodside Fund, to its Board of Directors.

Sept. 21, 2006 - Aristos Logic, the industry leader in RAID Storage Processor (RSPTM) technology, announced today that it has completed a $15 million Series F funding round. The round was led by a new strategic investor with participation from existing investors Panorama Capital (formerly JP Morgan Partners), TPG Ventures, Woodside Fund and QTV Capital. The round's increased valuation reflects the company's top tier design wins and the strength of the company's fundamental technology.
Arkivio 12.5 March 18, 2002 — Arkivio, an innovator of storage management technology, announced the closing of its Series B equity round, during which the company received $9.5 million in financing from a group of leading venture capital firms. This latest show of confidence from the investment community brings the total amount of equity financing to $12.5 million since the company was formed in December 2000 to solve the challenges in the enterprise storage resource and data management market.

The additional capital will enable Arkivio to bring the first release of its groundbreaking storage management technology to the market this year, as well as develop sales and marketing channels and establish customer service operations.
Arsenal Digital Solutions 101 December 3rd, 2001 -- Arsenal Digital Solutions (Arsenal), a leading Storage Service Provider (SSP), today announced that it has raised $23 million in its latest round of financing (Series C). With this new round of financing, Arsenal has raised a total of $42 million in equity since its inception. The round was lead by Southeast Interactive Technology Funds, and included Covestco, Task USA, and MCNC. Arsenal will use the funding to support both existing and new partners, capital expenditures required to grow the business, and to increase its workforce by 15%.

Feb. 7, 2005--Arsenal Digital Solutions, the leading provider of Storage Management Services (SMS) that enable data protection, business continuity and regulatory compliance, announced today a $15 million senior debt facility from Wells Fargo Foothill, part of Wells Fargo & Company (NYSE: WFC) and a leading provider of senior secured financing solutions to middle-market companies. Arsenal will use the funding to fuel its growth in 2005. The company has now raised a total of $101 million of equity and debt funding since its inception in 1998.
Asempra Technologies 29 February 21, 2006 -- Asempra Technologies, a pioneer in enterprise-level data protection and real-time recovery management solutions, today announced that the company has secured a second round of funding of $20 million, bringing its total funding to date to $29 million. Menlo Ventures led the round; additional investments were received from Polaris Venture Partners and US Venture Partners, Asempra's Series A investors. The financing will be used primarily to fund the expansion of Asempra sales and marketing, customer service, support infrastructure, and product development.
Astrum Software 5.3 March 5, 2001 - Astrum® Software today announced that it has closed its second round of venture capital by securing $5.3 Million in Series A funding. Led by JMI Equity Fund, other strategic investors include Ironside Ventures and Morgan Keegan. Astrum plans to use the investment to aggressively expand its SRM development efforts and strengthen sales and marketing initiatives.
Astute Networks 23 Formed in April 2000, Astute Networks has raised more than $23 million in venture capital funding led by US Venture Partners (USVP) and BA Venture Partners.
Atempo 6.2 March 31, 2003 — Atempo, the developer of Time Navigator™, the leading software platform for high-performance backup and recovery services, today announced that it has closed $6.2 million in funding. Banc of America Equity Partners, KBC Investco, Plantagenet Partners and Vision Capital accounted for a majority of the investment in the round. The funding will be used to grow Atempo's business and continue product development plans.
Attune Systems 14 November 14, 2006 – Attune Systems, Inc., a provider of enterprise-class network file management solutions, today announced that it has received $14 million in a new venture funding round led by RWI Ventures.

The up-round follows significant market momentum, with advances in Attune's R&D efforts resulting in nine patents, and comes at a time when awareness and adoption within the market for file virtualization is expanding rapidly. Participation in this round also included GF Private Equity Group, LLC as a new investor, and existing investors Alloy Ventures, QTV Capital, Rock Creek Capital and Shea Ventures. The funds raised will be used to ramp up sales, marketing, as well as additional R&D and support efforts.
Auspex Systems 90 Sept. 25, 2000 - Auspex Systems, Inc. announced completion of a private placement of common stock, at market price realizing gross proceeds of $90,143,000. Investors include State of Wisconsin Investment Board, RS Investment Management and The Clark Estates.
Avaki 20 June 4, 2001 - Avaki Corporation, formerly Applied MetaComputing, Inc., announced that it has closed $6 Million in its first venture capital funding, led by Polaris Venture Partners.

October 23, 2001 - Avaki Corporation, a leader in the development of grid software to enable resource sharing across large-scale, highly distributed computer networks, today announced a $10 million second closing of its series A financing by Polaris Venture Partners, General Catalyst and Sofinnova. This brings the overall company investment to $16 million, led by Polaris Venture Partners. AVAKI closed the first round of $6 million in June 2001.

February 4, 2003 - Avaki Corporation, a leader in commercial grid software solutions, today announced that it has raised $4.2 million in an extension to its series A financing. Investments from Polaris Venture Partners, General Catalyst Partners and Sofinnova Partners bring Avaki's total funding to over $20 million. The company will use proceeds from the financing to continue market expansion efforts by enabling enterprises across a variety of industries - including life sciences, manufacturing, oil and gas, and financial services - to transparently access and utilize IT resources distributed across geographic and even corporate boundaries.
Avamar Technologies 22.5 April 15, 2002 - Avamar Technologies, Inc. a provider of high availability storage software solutions for simplified management and protection of enterprise data, announced today that it has closed its $12 million Series C financing. Benchmark Capital led the round, followed by Lightspeed Venture Partners and CMGI@Ventures. Including the current round, Avamar has raised more than $22.5 million to date to fund the development of its technology.

Avamar also announced that Bill Gurley, a partner at Benchmark Capital, has joined the company's board of directors, which includes John Rezner, founder and former CTO of GeoCities; Peter Mills, co-founder and managing partner of @Ventures; Stephen Hansen, CEO of Avamar; and Jedidiah Yueh, Executive Vice President and co-founder of Avamar.
BakBone Software 15 April 16, 2003 - BakBone Software, Inc., a global provider of data recovery software announced that its Board of Directors has unanimously approved an agreement with VantagePoint Venture Partners IV (Q), L.P. ("VantagePoint") pursuant to which BakBone will, by way of private placement, issue to VantagePoint an aggregate of approximately 22,000,000 Series A preferred shares ("Preferred Shares") at CDN$1.00 per Preferred Share for gross proceeds of approximately CDN$22,000,000 or US$15,000,000.
Banderacom 44 June 4, 2001 - Banderacom™, a leading fabless InfiniBand™ semiconductor company, today announced $35 million in second-round venture capital funding. Lead investor Infinity Venture Capital LLC joins well-known venture capital and technology leaders Austin Ventures, Crossroads Systems, Intel, Jato Tech Ventures, QLogic Corporation and Trinity Venture Capital as Banderacom's second-round investors.

Austin Ventures, Crossroads Systems, Intel and Jato Tech Ventures participated in Banderacom's $9 million first-round funding, concluded in August 2000. This $35 million investment will enable Banderacom to maintain its leadership position in the rapidly emerging InfiniBand technology sector by funding the development of Banderacom's IBandit silicon products family.
BiTMICRO Networks 31 September 10, 2007 - BiTMICRO Networks, Inc., maker of intelligent flash IDE/ATA, SCSI, and Fibre Channel and SATA solid state disk (SSD) storage solutions, today announced the completion of $9.3 million in Series F funding with a team of investors led by Woodside Investments LP.

BiTMICRO intends to utilize the additional capital to further ramp production, sales and marketing operations, as well as support the company's aggressive R&D initiatives to create a new generation of flash based E-Disk solid state disk and semiconductor storage solutions.
BlueArc 148 May 7, 2001 BlueArc Corporation, developer of the world's highest performance enterprise-class network storage systems, today announced the completion of a $72 million round of financing led by Weston Presidio and previous BlueArc investors Celtic House International, Apax Partners & Co., and Patricof & Co. Ventures. Also joining this round of funding are Dell Ventures, EUROQUBE, New York State Retirement Co-Investment Fund, J.P. Morgan Partners, and Fort Washington Capital.

The investment will be used to drive the growth of BlueArc in the extremely fast moving network storage market. Since the company's founding in 1998 BlueArc has secured over $100 million in funding. Coinciding with the completion of this round of funding, BlueArc announced today that James B. McElwee, general partner of Weston Presidio, has joined BlueArc's board of directors.

July 16, 2003 At the conclusion of a quarter marked by record revenue and customer growth, BlueArc™ Corporation has secured an additional $47 million in funding that will further promote the company's rapid expansion in the network attached storage (NAS) market. Fully funding the company to a positive cash flow position, this latest infusion of capital, led by Meritech Capital Partners, with co-investments from Crosslink Capital and RWI Group, comes on the heels of BlueArc's record second quarter, ending June 30, 2003, during which the company increased its customer ranks by more than 20 percent and achieved a 57 percent increase in revenue over that of the second quarter 2002

June 6, 2006 BlueArc® Corporation, the world leader in network storage innovation, today announced that it has secured $29 million in equity financing led by new investor Morgenthaler Ventures and including financial support from existing BlueArc investors and new investors Chevron Technology Ventures and Wasatch Advisors. This funding will enable BlueArc to dramatically expand its field sales and services team throughout North America and Europe to help meet growing demand for the company's products, and to increase the company's presence and reach to deliver the world's best network storage solution to a broader customer base.
Broadband Storage 16 June 26, 2001 - Broadband Storage announced it has secured $16 million in its Series A round of funding from Mellon Ventures, Moore Capital, Morgan Keegan, and Global EuroNet Mellon Ventures contributed $5 million toward the round.
Calimetrics 25 ALAMEDA, California March 23, 2001 – Calimetrics, Inc., the emerging leader in data storage semiconductor and high-density optical media technologies, today announced the closing of its third round of financing for a total of $25 million in equity, debt, and license funding. The lead investor in the round is TDK Corporation. Additional investors in the round include Sanyo Semiconductor Corporation, Mitsubishi Chemical Corporation, China Development Industrial Bank, Japan Asia Investment Co., Ltd., Sino-Japan High-Tech Fund, ITOCHU Finance Corporation, and GATX Ventures, among others, as well as returning investor JAFCO America Ventures. Previous investors in Calimetrics include Walden International Investment Group and Iomega Corporation.
Cambex 10 August 7, 2000 - Cambex Corporation (OTC BB:CBEX) today announced that it has entered into an agreement with a private institutional investor that provides the company with a $10 million equity line over an eighteen month period.
Celona Technologies 14+ July 9, 2007 - Celona Technologies today announced a £7 million ($14 million) Series B funding round with new investors Caledonia Investment plc. It provides the financial platform to enable Celona to build out its customer-facing sales and support activities and to continue to develop its industry leading application data migration software for Communication Service Providers (CSPs).
Cereva Networks 58.5 Marlborough, Massachusetts, May 14, 2000 - Cereva Networks Inc., a new technology company providing next generation architecture that enables Web content and eCommerce providers to scale capacity and transaction performance well beyond existing capabilities, has today announced completion of a second round of funding totaling $58.5 million. This brings the company's total funding to $66.5 million since its incorporation in December 1998. Worldview Technology Partners and Goldman Sachs Inc. (NYSE: GS) jointly lead this round. Additional investments were provided by Intel Corporation, Global Crossing Ventures, Inc., Comdisco Ventures (NYSE: CDO) and the three venture capital companies who participated in the first round financing for Cereva Networks Inc.; Matrix Partners, North Bridge Venture Partners and Oak Investment Partners.
Chaparral Network Storage 41 Jan. 23, 2002 - Chaparral Network Storage, a developer of specialized appliances that deliver data across global storage networks, today announced that it has closed $12 million in financing from existing investors and a new strategic partner. The strategic partner is a leading, global manufacturer of networking and storage systems. Existing investor participants include the Tech Harvest Group and Aweida Ventures. The current round brings total capital raised to date to $41 million. Chaparral's strategic relationship encompasses both product development and distribution. Further details will be announced later this year.
Cicada Semiconductor 37 August 19, 2002 – Cicada Semiconductor Corporation, the leading developer of DSP and mixed-signal integrated circuits (ICs) that enable broadband communications within Local, Wide, and Storage Area Networks, announced today the completion of $17.4 million in third round funding, bringing the company's total private debt and equity funding to $37 million to date. Participants in the round include strategic investors and existing shareholders Sevin Rosen Funds and Perot Investments. The company will use the new funding to further accelerate its product development, expand its applications support and augment its current marketing and sales efforts.

As a key silicon solutions supplier enabling the market transition to Gigabit Ethernet, Cicada is now shipping its SimpliPHY™ family of quad and single port Gigabit Ethernet transceivers in volume to customers throughout the US, Asia, and Europe. To date, SimpliPHY stands as the world's lowest power and highest noise immunity transceivers shipping in production.
Cloverleaf Communications 10 October 2003 - Cloverleaf to date has received $10 million in financing from leading venture capitalists including Genesis Partners, BancBoston Ventures and ELTA Systems as well as private investors such as Kumar Malavalli, co-founder and strategic advisor to storage networking company Brocade Communications Systems. Cloverleaf's board of directors, led by executive chairperson Brenda Christensen, a storage networking, system area networking (clustering) and Fibre Channel industry-marketing pioneer, includes Eddy Shalev, founder and general partner of Genesis Partners, Mordechay Finkenberg, director business developments of ELTA, Haim Amitai, vice president, finance of ELTA, and David Jeffrey, director of BancBoston Capital Ltd.
Cofio Software 2 September 6, 2006 - Cofio Software, a Delaware corporation with operations in California and England, received over US$2 million in funding from private investors. Cofio's founders include Patrick Barcus, Tony Cerqueira and Fabrice Helliker, all of whom each have over 15 years of experience in the data protection software marketplace.
Continuous Computing 21 March 28, 2001 - Continuous Computing Corporation (CCPU), the leading provider of Voice-over-Packet platform solutions for telecom equipment manufacturers, today announced it has received over $21 million in equity funding from several venture capital organizations. The round was led by Technology Crossover Ventures, with additional participation from Palomar Ventures, Smart Technology Ventures and senior partners of W R Hambrecht + Co, including Bill Hambrecht, Chief Executive Officer and Chairman.
COPAN Systems 15 COPAN Systems began operations in Dec 2002. Austin Ventures and Globespan Capital were Series A investors.
Cornice 178 LONGMONT, Colo., February 4, 2004 . Cornice Inc., an innovator in compact, highcapacity storage, has secured $51 million in a second round of venture financing. The round includes the Company's previous investors – CIBC Capital Partners, Nokia Venture Partners and VantagePoint Venture Partners – and brings on board new investors BA Venture Partners and GIC Special Investments Pte. Ltd. As a result of this second round of financing, Jim Jones, a director at BA Venture Partners, will join the Cornice Board of Directors. This round of financing brings the total amount invested in the Company to $81 million. The new capital will be used to support sales, development, and manufacturing initiatives related to the company's Storage Element technology.

LONGMONT, Colo., December 14, 2005 — Cornice Inc., an innovator in consumer storage solutions — today announced it has secured $97 million in venture debt and equity financing. The equity round includes the Company's major previous investors – VantagePoint Venture Partners, BlueRun Ventures and BA Venture Partners – and brings on a new lead investor, Caisse de dépôt et placement du Québec (the "Caisse"). Simultaneously with the close of the equity financing, the Company entered into a new lending relationship with Hercules Technology Growth Capital; the firm supplemented Cornice with structured mezzanine debt capital.

The new financing will be used to support the development and manufacturing initiatives related to the Company's micro hard drive technology, as well as expand the marketing and corporate sales groups. Cornice offers embedded one-inch storage devices for pocket-able consumer electronic products such as mobile phones, digital music players, and personal storage devices. Cornice's storage products have been enabling small, ultra-thin, highcapacity, rugged consumer electronics products for more than two years for the world's leading consumer electronics manufacturers.
CreekPath Systems 36 January 8, 2001 - CreekPath Systems, a developer of advanced technology solutions to enable the deployment of managed storage services, announced today that it received $23 million from TeleSoft Partners, Sequel Venture Partners, and Exabyte Corporation in its first round of venture funding. The funding, which includes $17 million in equity, as well as up to $6 million in debt financing, reflects investors' recognition of CreekPath's unique position in the growing managed storage services market. Dataquest Gartner projects that companies will spend $7 billion a year on outsourcing information storage by 2003.

November 5, 2002 - CreekPath Systems, a leading software development company setting the pace for the market in delivering integrated Storage Resource Management (SRM) solutions, today announced the closing of its oversubscribed Series B financing with total commitments of more than $16 million, bringing the total raised funds to more than $36 million. CreekPath's second round of equity financing was led by top-tier investment firm New Enterprise Associates (NEA) with participation by A.G. Edwards Capital and original investors TeleSoft Partners and Sequel Partners. The capital raised in this round of funding will be used to expand the company's global sales and marketing efforts, as well as to increase product research and development to enhance the CreekPath AIM™ Suite.
DataCore Software 30 Oct. 30, 2001 — DataCore Software Corporation, the leading provider of storage virtualization and networking software, announced today that the company has raised over $30 million in its current round of funding. Vista Equity Partners, based in San Francisco, was the lead investor in the round. New Enterprise Associates and OneLiberty Ventures, the initial institutional investors, also made significant follow-up investments.

"DataCore has the most advanced storage virtualization and storage management offering in the market. Every user we contacted has achieved significant operational savings and a substantial return on investment. Satisfied customers, plus a growing list of major OEM and reseller relationships, made the investment decision in DataCore easy," stated Robert F. Smith, managing principal at Vista Equity Partners.

The company will continue to use its funds to significantly increase its customer base, grow and build upon major OEM and reseller relationships providing 'Powered by DataCore™' solutions to enterprise accounts and expand its global presence in North America, Europe and Asia.
Data Domain 26 December 16, 2003 - Data Domain, Inc., a leader in enterprise data protection solutions, today announced that it has secured $17 million in Series B funding. The new round of funding led by Palo Alto-based Sutter Hill Ventures and joined by original investors Greylock and New Enterprise Associates, brings Data Domain's total funding to $26 million.
DATAllegro 22.5 September 20, 2006 – DATAllegro™, a supplier of industry leading data warehouse appliances, today announced the closing of $22.5 million in venture capital funding. The "C" Series round was led by JAFCO Ventures and included Focus Ventures as well as existing investors Adams Capital Management, Intel Capital, Palomar Ventures and Venrock Associates.

DATAllegro offers data warehouse appliances that are especially valuable for companies with very large amounts of data. The company's patent-pending technology enables its customers to more rapidly query their data at a price that is frequently a tenth of the price of traditional offerings.
DataPlay 119 June 8, 2001 - DataPlay, Inc., announced today that it has closed a $55 million round of financing, bringing the total capital raised since the Company's inception to $119 million. This financing includes significant investments from leading consumer electronic device manufacturers, technology companies and retail distribution. DataPlay is committed to becoming a standard for the distribution and recording of digital content such as music, video, digital images, games and software in the consumer electronics marketplace. This current round of financing includes investments from Eastman Kodak Company, Intel Capital, Olympus Optical Company, Ltd., Trans World Entertainment, meVC Draper Fisher Jurvetson Fund I, Imation Corporation, Sequel Venture Partners, Colorado PERA, Portage Venture Partners, SG Cowen Securities Corporation, A.G. Edwards Capital, Graystone Ventures and musician David Crosby.
Decru 40 August 2002 - Decru recently closed its second round of funding, bringing investments to over $40 million. Decru is funded by top-tier venture capital firms, including Benchmark Capital, Greylock and New Enterprise Associates. Strategic investors include In-Q-Tel, the investment firm funded by the Central Intelligence Agency, and Canon Inc., the global leader in office automation.
Diligent Technologies 46 October 4, 2004 -- Diligent Technologies, a leading enterprise data protection software provider for Mainframe and Open System environments, announced the completion of a $22 million follow-on round of venture financing.

The oversubscribed investment is co-led by top venture firms Accel Partners of Palo Alto, California and London, England and Matrix Partners of Waltham, Massachusetts and Menlo Park, California. Gemini Israel Funds also participated in this round bringing Diligent's total funding to $37 million. With this announcement, Fearghal O'Riordain, Principal at Accel, David Skok, General Partner at Matrix, Adi Pundak Mintz, General Partner at Gemini and Moshe Yanai, one of Diligent's original investors have been appointed board members to broaden the depth and experience of Diligent's Board of Directors.

August 20, 2007 -– Diligent Technologies Corporation, a leading provider of enterprise-class de-duplication and data protection solutions, today announced that it has completed $10.5M in Series D funding, bringing the total amount raised to date to $46.5M. New investor Eastward Capital joins existing investors Matrix, Accel and Gemini to support Diligent in this round of funding. Diligent will use the funds to further its research and development of enterprise-class data protection technologies and acquire additional resources across its sales, support and engineering staff.
DiskSites 9 April 4, 2001 - Tamir Fishman Ventures announced today the signing of an agreement to invest up to $3.2 million in DiskSites Inc. Tamir Fishman Ventures led this round of venture financing in which DiskSites raised $4.5 million. Network Appliance, the leading Network Attached Storage company in the world, co-invested with Tamir Fishman Ventures in this round.

May 11, 2004 – DiskSites, a supplier of innovative network optimization solutions for organizations with branch offices, today announced that it has closed the first phase of its financing round by securing $3.5 million, adding up the amount of funds raised to date to nine million dollars ($9,000,000.) The funds will be used to fuel the company's rapid expansion of sales and marketing efforts, as well as to expand its customer service and business development activities.
Elpida Memory 123 September 2, 2003 - Elpida Memory, Inc. (Elpida), a provider of Dynamic Random Access Memory (DRAM), today announced it has signed an agreement with Intel Capital in which Intel Capital will invest 2.7 Billion Yen (approximately US$23 million*) in Elpida in return for non-voting stock. Elpida plans to use the proceeds from this proposed investment to accelerate production of high-performance DRAMs, such as DDR2 SDRAM products. Additional details were not disclosed.

In June 2003, Elpida and Intel Capital announced they had signed an agreement for Intel Capital to invest approximately US$100 million (approximately 12 Billion Yen) in Elpida in return for non-voting stock. The total amount of possible investments from Intel Capital is approximately 14.7 Billion Yen (US$123 million).
EqualLogic 52 March 24, 2003 – EqualLogic, Inc., today announced the closing of a $15 million round of funding led by TD Capital Technology Ventures. This latest round of funding, which also includes Charles River Ventures and Sigma Partners, supports the company's sales and marketing efforts in response to demand for its PeerStorage architecture. EqualLogic has secured $27 million in outside funding to-date.

June 28, 2004– EqualLogic®, Inc., a leading provider of iSCSI-based, self-managing networked storage solutions, today announced that it received an additional $20 million in an oversubscribed third round of funding led by new investor Focus Ventures. The Series C round, which also includes current investors Charles River Ventures, Sigma Partners and TD Capital Technology Ventures, supports EqualLogic's expansion of sales, marketing and manufacturing activities in North America, Europe and Asia. With this most recent round of funding, EqualLogic now has raised a total of $52 million in equity capital.
EVault 17 March 4, 2003 - EVault Inc., a leading provider of disk-based data protection and recovery software and services, today announced its third round of financing, securing more than $6 million and appointed Michael Wei, as vice president of EVault's products and services division. Lead investors Council Ventures of Nashville, Tenn., Massey Burch of Nashville, The Business Engineering, Science & Technology Discoveries Fund of Toronto, River Cities Capital Funds of Cincinnati and Linwood "Chip" Lacy Jr., former CEO of Ingram Micro, participated in the latest round. New investor, Jemison Investment Co, Inc. of Birmingham, also contributed to the Series C round of funding.
Exabyte 20 November 10, 2003 -- Oakdale MN and Boulder CO - Imation Corp. (NYSE: IMN), a worldwide leader in removable data storage media, and Exabyte Corp. (OTCBB: EXBT), a performance and value leader in tape backup systems, today announced an agreement that establishes Imation as the exclusive worldwide distributor of Exabyte brand media products. As part of the agreement, Imation will also make an equity investment in Exabyte, representing less than five percent of total equity. The total dollar value of the transaction, when fully completed, is $20 million, the majority of which is for distribution rights.
ExaGrid Systems 40 Founded in 2002, the company has received $8.5 million in funding from top tier investors Highland Capital Partners and Sigma Partners.

March 28, 2005 -- ExaGrid Systems, innovators in Self-Protecting Storage, today announced that the company has raised an additional $13.5 million from existing investors Highland Capital Partners and Sigma Partners. This new round of funding will help expand the company's sales channels and further enhance ExaGrid's industry-leading integrated storage and data protection solution.

November 8, 2007- ExaGrid Systems, Inc. (http://www.exagrid.com) the leader in cost-effective and scalable disk-based backup solutions with byte-level data de-duplication, today announced that it has received an additional $20 million of funding led by new investor Lehman Brothers Venture Partners, the venture capital group of Lehman Brothers, the global investment bank. The round, which also includes current investors Highland Capital Partners and Sigma Partners, supports ExaGrid's expansion of sales and marketing activities in North America, Europe and Asia, and is expected to fund ExaGrid to cash positive status.
Exanet 17 December 4, 2001 - Exanet Inc. announced today that it has completed its second round of venture funding, raising a total of $17 million from such firms as Evergreen Canada-Israel Investments Ltd., Intel Capital and Microdent Ltd., as well as individual investors. The funds will be used to help bring Exanet's leading-edge ExaStore storage system to market.
Fusion-io 19M March 31, 2008—Fusion-io, the leader in enterprise solid-state architecture and high performance I/O solutions, today announced that it has closed $19M in Series A funding from a group of investors led by New Enterprise Associates (NEA), one of the leading U.S.-based venture capitalist firms.

"The breakthrough technology Fusion-io has developed will change the way companies think about their storage architecture," said Scott Sandell, general partner, NEA. "The company's innovative plug-and-play approach to storage will open up a world of possibilities previously not available with traditional storage architecture."
Gear6 10 July 11, 2006 - Gear6, accelerating storage and delivering real time performance, today announced a $10 million round of funding led by InterWest Partners, and joined by previous investor U.S. Venture Partners (USVP). The financing will support the market entry of Gear6 solutions, designed to address the widening gap between increasingly powerful servers and constrained, disk-based storage systems. Deployed in the data center, Gear6 products eliminate bottlenecks and deliver guaranteed performance to existing storage infrastructures. These real time capabilities speed up applications, provide protection from peak load disruptions, and improve quality of service.
GiantLoop Network 160 February 13, 2001 - GiantLoop Network, Inc., the leader in Enterprise Optical Networking services, today announced that it raised $120 million in Series C funding from venture firms, strategic partners, and leading technology companies. GiantLoop has raised a cumulative total of $160 million in the 10 months since its inception. GiantLoop will use its Series C funding to continue enhancing its Operational Support System (OSS), Network Control Center, and software development capabilities. Some of the participants in the Series C investment were Greylock Partners, Pilot House Ventures and Roger Marino (one of the founders of EMC Corporation.) Also participating in this round were Nortel Networks [NYSE/TSE: NT], 360networks (NASDAQ: TSIX and TSE: TSX), Sycamore Networks, Inc. (NASDAQ: SCMR), Cabletron Systems (NYSE: CS) and CNT (Nasdaq: CMNT).
GlassHouse Technologies 15 GlassHouse Technologies, Inc., a vendor-independent storage strategy and services firm, completed initial funding in August 2001. Investors include Sigma Partners and Shiprock LLC.

September 4, 2002 - GlassHouse Technologies, Inc. (GlassHouse), a pioneer in the storage services sector, today announced the receipt of $6.4 million in Series B funding from return investor Sigma Partners, and new investors GrandBanks Capital and JAFCO Ventures. Including the recent funds, GlassHouse has received $8 million in capital to date; new funds will be used as operating capital to scale the company's sales efforts. The funding event positions storage services as an element essential to the successful rollout of new storage technologies, as well as a cost-effective method for optimizing and enhancing existing storage environments.

October 7, 2003 -- - GlassHouse Technologies, Inc., a provider of independent storage services and consulting, today announced it has received $7.1 million in a Series C round of funding led by Kodiak Venture Partners. The capital will be used to support the company's growth, allowing GlassHouse to capitalize on its first-mover market advantage as it works with clients to establish predictability and manageability in client storage and IT environments.
GRAU Data Storage 8.5 January 15, 2002 – Grau Data Storage AG secured an important second round of investment in the third quarter of 2001. The significance of this infusion during a notorious absence of venture capital investments speaks volumes about the plans and products being offered by Grau. The keystone product, the Infinistore ® Virtual Disk System (IVD), has generated awards and testimonials paving the way for the company's growth into the future. The second round of investment was led by the e-millenium 1 fund.

The second round of funding, amounting to $8.5M, will provide working capital through the early growth phase of the company and see more new products enter the market in early 2002.
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Hyperchip 220 January 18, 2002 - Hyperchip Inc., The Petabit Routing CompanyTM announced today that is has secured $70 million in its fourth round of financing, bringing the total amount raised to some $220 million. Lead investor TechnoCap was joined by Vertex Technology Fund, Advent International, Optical Capital Group, JT Ventures, Artémis and Pilgrim Baxter. This round includes a $50-million loan from Investissement-Québec.

This new funding strengthens Hyperchip as the company continues trials with leading international carriers and prepares to commercialize its carrier-class core router that scales from tens to millions of gigabits per second of capacity.
Ikadega 15 March 26, 2001 — Ikadega, Inc., a provider of rich media content and data storage and delivery solutions, today announced it has secured $8 million in its first institutional round of funding, led by Chicago-based Kettle Partners with participation from BlueStar Ventures, Leo Capital Holdings and OCA Ventures. This round of funding, which brings the total to $15 million Ikadega has received to date from various corporate and angel investors, will be used to expand senior management and engineering and to expedite the development of the suburban Chicago company's rich media content and data storage and delivery solutions.
iLumin 8.5 RESTON, VA - January 14, 2004 - iLumin Software Services, Inc., a leading provider of compliance and email archiving solutions, today announced it completed its $8.5 million round of financing led by new investor, Boulder Ventures. The existing investment group of Deutsche Bank, MidOcean Partners, Rock Creek Capital, Softbank and Wachovia Strategic Ventures all participated in the round. Blacksmith Capital, another new investor, also participated.

This funding will be invested in infrastructure needed to support iLumin's future growth. Additional staff will be added to customer service and support, product development and direct sales. A substantial investment is also being made in the marketing and channel partnership programs to increase iLumin's worldwide presence.
Imperial Technology 11 March 18, 2002 - Imperial Technology, the company that accelerates application performance, today announced it has secured additional investment through a second round of capital financing. This brings the total funding received in the last 18 months to over $11M. The capital injection was led by Celerity Partners and included GMG Capital Partners.
Incipient 79 March 31, 2003 – Incipient, Inc., a developer of network-resident storage management applications which leverage advanced networking platforms and intelligent switches, today announced the successful completion of $15 million in Series B financing led by Globespan Capital Partners (formerly JAFCO Ventures) with participation from return investors Greylock and Sigma Partners. To date, Incipient has raised $25 million. The funds will support Incipient's ongoing hiring plans, continuing product development and the execution of its go-to-market strategy.

January 26, 2005 – Incipient, Inc., a leading provider of intelligent switch-resident storage software, today announced it has successfully closed a third round of $20 million in equity financing, bringing total equity capital raised to $55 million. GrandBanks Capital led the Series C round, with full participation from existing major investors; Globespan Capital Partners, Greylock, HLM Venture Partners, and Sigma Partners. Proceeds of this latest round will be targeted for advanced development, as well as executing on go-to-market relationships with existing and prospective OEM business partners.

January 31, 2006 – Incipient, Inc, a leading provider of intelligent switch storage software, announced today that it has raised $24 million in Series D financing bringing the total equity capital raised to $79 million. Leading this round is new investor QuestMark Partners, along with participation from Wasatch Advisors. Incipient's major existing investors Globespan Capital Partners, GrandBanks Capital, Greylock, HLM Venture Partners, and Sigma Partners also participated in this round of financing. The Series D capital is earmarked for expansion of marketing and sales efforts in support of the Incipient Network Storage Platform (NSP) software suite.

Incipient NSP is embedded in intelligent Fibre Channel (FC) switches and serves as a common software platform that delivers Incipient-developed, network-based storage applications throughout a SAN environment.
InfiniCon Systems 48 February 19, 2002 - InfiniCon Systems, Inc., the premier developer of shared input/output (I/O) systems announced today that it has completed a $26M Series B round of funding. The company's second round of funding, led by Bay Partners, also included Wasserstein Ventures, Crosslink Capital, AG Edwards Capital and others. The round was also supported by initial Series A investors Arch Venture Partners and Tredegar Investments.

The completion of the Series B funding brings the total investment in InfiniCon Systems to more than $33 million. InfiniCon will use the funds to bring the first generation of its ISIS™ Shared I/O System product family to market, and to further its research and development program. Additionally, InfiniCon will fund targeted market awareness and channel partner development programs, as it begins revenue shipments in the second half of the year.

September 24, 2003 – InfiniCon Systems, the premier provider of shared I/O and switching solutions for next-generation server networks, today announced that it has secured an additional $15M in Series C funding. The company's third funding round was led by Bay Partners and included investors from prior rounds – ARCH Venture Partners, W Capital Partners, and A.G. Edwards Capital – as well as new investors, including Chevron Technology Ventures LLC.
Ingrian Networks 40 January 5, 2004—Ingrian™ Networks, Inc., enablers of data privacy throughout the enterprise, today announced the completion of a $14 million third round of funding. Investors participating in this round include Prism Venture Partners, Globespan Capital Partners (formerly JAFCO Ventures), HighBAR Ventures, and Partech International. Ingrian will leverage this funding to enhance its pioneering solutions and further expand its leadership in the emerging data privacy segment.

Founded in 1999, Ingrian has received over $40 million in funding to date. Prism Venture Partners led this round of funding, and was accompanied by Globespan Capital Partners, HighBAR Ventures, and Partech International—all of which invested in previous financing rounds.
InPhase Technologies 61 DECEMBER 4, 2002 - InPhase Technologies, the leader in holographic data storage development, today announced that it has closed the first segment of its projected $15 million second round of funding. InPhase has secured $6.3 million in equity financing, and will consider additional investments of up to $8.7 million in a subsequent close by February 2003.

MARCH 1, 2004 -- InPhase Technologies, the leader in holographic data storage development, today announced that it has closed on the final $8.7 million to complete its second round funding of $15 million.

New Venture Partners LLC led the round with additional investments from existing investors Hitachi Maxell Ltd. and Signal Lake, who led Round A. New investors include ALPS Information Technology Fund LP, a core member of the Alps Electric North America, Inc. affiliated group and indirectly owned by ALPS Electric Co. Ltd., a leading Japanese electronic components developer. Additional investors are Yasuda Enterprise Development Co., one of Japan's leading technology venture capital firms, Japan Asia Investment Co., Japan's largest independent venture capital firm, and Mr. B.J. Cassin, a founding investor of numerous technology startups.

May 25, 2005 - InPhase Technologies, the leader in holographic data storage drive and media development, today announced that it has closed a $32.1 million third round of funding. Bayer MaterialScience AG, a market and technology leader in developing polymers for optical data storage, represents a new strategic investor as well as development partner for InPhase. Nanotech Partners Ltd., another new investor, is a leading venture capital firm sponsored by Mitsubishi Corporation, focusing on emerging nanotechnology at the global level. New Venture Partners LLC and existing investors Hitachi Maxell Ltd., ALPS Information Technology Fund LP, Yasuda Enterprise Development Co., and Japan Asia Investment Co. continued their strong financial support of InPhase in Series C.

The new funds will be used to complete the commercialization of the world's first holographic data storage drive and media. The initial product will hold 300 gigabytes (GB) of data with a transfer rate of 20 megabytes (MB) per second.
InSiteOne 13 April 18, 2000 - Wallingford, CT — InSiteOne, a provider of online, nearline and offline digital imaging storage and archiving services, today announced it has secured its initial round of institutional funding through Primus Venture Partners, a private equity investment firm based in Cleveland, Ohio. InSite will use the $3 million funding to further build and execute its aggressive sales and market plans for its InDex (Internet DICOM Express) digital image storage and archiving services. Primus representatives will also serve on InSite's board of directors.

Oct. 31, 2001--InSiteOne, a leading provider of Web-enabled onsite and offsite digital imaging storage and archiving services, today announced that it has raised $10.25 million in an oversubscribed Series B funding round. New investor Allegra Partners led the round with participation from Series A investors Primus Venture Partners and Galbreath and Company, and several prominent new investors including Osprey Partners, Bernard Goldstein, founder of Broadview Associates, and Robert Machinist, ex-president of Patricof & Co. InSiteOne will use the funding to support the increasing demand for its InDex(TM) digital image storage and archiving services and for continued expansion of the company. Larry Lawrence, managing director of Allegra Partners, will join InSiteOne's board of directors.
IntelliPath 6.5 April 11, 2007 - IntelliPath announced Series A funding of $6.5 million co-financed by two prestigious venture capital firms - New York, N.Y.-based L Capital Partners and Blueprint Ventures, based in the San Francisco Bay area. The investment will be used for product development to extend the technology leadership of the UCS product line, as well as for strategic go-to-market initiatives to capitalize on the strong market opportunity for automated connectivity solutions. The company will sell directly to end customers as well as through established value-added resellers that specialized in enterprise connectivity.
InterSAN 28 April 30, 2001-- InterSAN™, a pioneer in the new field of applications-based Storage Area Management (SAM) software, announced today that it has received $7.8 million in its first round of venture funding. The round was led by Wit SoundView Ventures, and includes Alliance Ventures, Morgan Keegan & Company, and storage luminaries such as Kumar Malavalli, co-founder and vice president of technology of Brocade Communications Systems, Inc. InterSAN's SAM software enables companies to dramatically reduce the cost and complexity of managing large mixed-vendor storage networks. The solution is designed for Global 2000 Enterprises to maximize the benefits of heterogeneous storage networks. InterSAN will use the funding to complete product development and deploy its applications-based SAM solution with bellwether beta customers.

May 13, 2002—InterSAN™, a pioneer of applications-based storage area management (SAM) software, today announced it has closed its Series C funding round of $17.8 million, bringing total funding for this award-winning start-up to over $28 million. This oversubscribed round, led by Worldview Technology Partners, includes Fidelity Ventures and all of the previous InterSAN™ venture investors: SoundView Ventures, Alliance Ventures, Kumar Malavalli, Morgan Keegan & Company, and other private investors. InterSAN's progress with Fortune 500 customers, such as financial services giant Northern Trust Company, and endorsement from the world's largest and most respected storage vendors prompted investor enthusiasm for this round of funding, which will be used to fuel InterSAN's rapidly expanding sales and customer support organizations. Worldview Technology Partners and Fidelity Ventures are new InterSAN investors. Worldview Technology Partners is a leading venture capital firm with $1.75 billion under management. The company focuses on supporting U.S.-based technology investments, helping the Worldview portfolio to expand into lucrative global markets. Fidelity Ventures is the venture capital arm of Fidelity Investments and has actively invested in early-stage companies in the software, networking, and telecommunications industries.
Intransa 49 January 8, 2003 - Intransa, a privately-held IP storage company focused on developing simple, scalable and affordable digital information storage and access solutions, today announced it has secured an additional $6 million in venture capital financing. Existing investors, Advanced Technology Ventures, Sofinnova Ventures, Sofinnova Partners, US Venture Partners, and 3Com were joined by other smaller investors in Intransa's third round of funding, which brings the company's total funding to $33 million to date. As Intransa prepares to introduce its first network storage product in 2003, the company continues to grow and invest in developing storage solutions designed to simplify the way organizations store, access and manage information at a fraction of the cost of existing alternatives.

January 5, 2004 - Intransa, the leader in intelligent information storage, delivery, and management over IP, announced today it has secured an additional $8 million in venture capital funding that will further accelerate the company's aggressive go to market strategy in the IP SAN market. Existing investors Advanced Technology Ventures, Sofinnova Ventures, Sofinnova Partners, US Venture Partners, and a large pension plan participated in this most recent round of series C funding, bringing the company's total funding to date to $49 million. Intransa expects the proceeds of the funding to be put toward sales and marketing programs, global operations, and continued development of its next generation products.
I/OMagic 14 Feb. 28, 2001--I/OMagic Corp. (OTCBB:IOMC - news), a leading developer and marketer of peripheral PC products, today announced that it has obtained a commitment for $8 million in equity from Citrine Corp.

Aug. 9, 2001--I/OMagic Corporation (OTCBB:IOMC - news), a leader in digital entertainment, multimedia and peripheral PC products, announced today the completion of a $14 million equity infusion from two of its largest manufacturing partners/suppliers. This capital raise, previously announced in the first quarter of 2001, is part of the Company's competitive roll-up and consolidation strategy.

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Isilon Systems 23.4 July 22, 2002 - Isilon SystemsTM , a provider of network storage systems for digital content, today announced the completion of a $15 million second round of financing, in which the company received an increased valuation from its previous round. Sequoia Capital led the financing, the first time the firm has led a round in Washington State. Initial investors Atlas Venture and Madrona Venture Group also participated, bringing Isilon's total funding to $23.4 million. Concurrent with the financing, Sequoia Capital partner Greg McAdoo has joined Isilon's board of directors.
iStor Networks 11 February 22, 2002 iStor Networks, Inc. a provider of ultra fast performance, high availability network storage solutions for enterprise level SAN and NAS storage networking applications, announced today that it has closed its $11 million Series A Preferred financing successfully. The major shareholders include several very reputable chipset, network switch, and notebook OEM vendors, strong distributor and investment bankers. This round of capital will be used to spearhead the development of its core technology in IP Storage.

iStor also announced that Dr. Kevin C. Daly, CTO at ATL Products, has joined the company's board of directors, which includes WenChi Chen, President and CEO of VIA Technologies; Sam Liang, President of D-Link Corporation; Ming Hsu, Vice President of Pac-Link; Bernie Wu, VP of Business Development at FalconStor Software; Simon Huang, Co-founder, President and CEO of iStor; and Frank Huang, Co-founder and Executive Vice President of iStor.
iVivity 50 May 18, 2004 -- iVivity, a leading technology provider for intelligent storage networking systems, today announced that it has closed a $26 million Series C preferred stock financing led by new investors Grotech Capital Group and JK&B Capital. Mellon Ventures was also a new investor to the round which included investors from previous financing rounds: H.I.G. Ventures, Commonwealth Capital Ventures, Kinetic Ventures, Cordova Ventures, Yamacraw and Bergman & Associates. The round brings iVivity's total funding to date to over $50 million.

"This financing marks a major milestone for iVivity as we transition our focus from research and development to delivering the products and services to our customers that will permit them to take full advantage of our revolutionary iDiSX technology," said David Coombs, president and CEO of iVivity. "This additional funding will enable us to build upon our leadership position in the intelligent storage processor arena through continued expansion of our sales, marketing, product development and customer service."
Kazeon Systems 17 March 15, 2005 - Kazeon Systems today emerged from stealth mode and announced its product strategy to control unstructured enterprise information. Kazeon is backed by $17 million in funding from Redpoint Ventures, Clearstone Venture Partners and Goldman Sachs.

The company is led by CEO and co-founder, Sudhakar Muddu, a proven executive and successful entrepreneur who founded Sanera Systems which was sold to McDATA in 2003. The Kazeon management team also includes several seasoned executives who come from some of the technology industry's leading companies, including VERITAS, Sun Microsystems, Inktomi, Broadcom, Sprint and Cisco. The company's first product is currently being tested with several Fortune 500 companies and is expected to be generally available in mid-2005.
Kilopass Technology ? January 18th, 2004 - Kilopass Technology Inc., an emerging leader in non-volatile memory intellectual property announced today the successful conclusion of its first round of venture capital funding from Nokia Venture Partners, InveStar Capital, Inc. and iGlobe Partners. The funding will enable the company to continue to enhance its technology portfolio and expand its market presence.

"Kilopass Technology's non-volatile memory technology distinguishes itself in the market with its very broad base of applications, ranging from memory storage for mobile phones and computers, to programmable microcontrollers for consumer electronics, digital entertainment, and office equipment." said John Malloy, General Partner of Nokia Venture Partners. "The company is well positioned to grow rapidly with its exciting technology."
Lane15 Software ? January 24, 2001 - Lane15 Software, an emerging provider of InfiniBand™ management software, today announced it has received financing from leading venture capital and strategic investors. Austin Ventures led the round, joined by AV Labs, Compaq Computer Corp. (NYSE: CPQ), and Intel Capital. Lane15 will use the capital to fuel its growth, and further the development and deployment of InfiniBand technology.

April 10, 2001 - Lane15 Software, the leading developer of InfiniBand™* management software, today announced that they have received an investment from Dell Ventures, the business group at Dell (Nasdaq: DELL) responsible for strategic investment activity. Lane15 will use the funding to support the company's development of fabric management software for heterogeneous InfiniBand networks. Dell Ventures joins a number of venture capital and strategic partners who have invested in Lane15, including Austin Ventures, AV Labs, Compaq Computer Corp. (NYSE: CPQ), Intel Capital and Lightspeed Ventures.
LeftHand Networks 75 June 25, 2001 – LeftHand Networks™, a pioneer of Network Unified Storage (NUS) solutions that offer significant advantages compared to existing network storage offerings, today announced it has received follow-on funding for its Series A round, bringing the total to $13 million. Boulder Ventures and Sequel Venture Partners led the round, with additional funding from Ironside Ventures, Portage Venture Partners and Vista Ventures. As a Garage.com portfolio company, LeftHand Networks received some of its venture funding and human capital through the Garage.com network. The NUS architecture combines the performance of a Storage Area Network (SAN) with the ease-of-use of Network Attached Storage (NAS) in a stand-alone, integrated network storage module.

Nov. 13, 2001--LeftHand Networks(TM), a pioneer of Network Unified Storage (NUS) solutions, today announced it has received an additional $5.5 million in Series A funding. The investment comes from William Blair New World Ventures and Wasatch Venture Fund a Draper Fisher Jurvetson affiliate, and brings total funding for LeftHand to $19.4 million. Both companies are new investors for LeftHand Networks, and join a distinguished list of existing investors that includes Boulder Ventures, Sequel Venture Partners, Ironside Ventures, Portage Venture Partners and Vista Ventures. LeftHand Networks is also a Garage Technology Ventures portfolio company. The funds will be used for development, marketing, and sales of LeftHand's recently introduced NSM 100 product.

September 6, 2005 - LeftHand Networks®, a leading provider of complete iSCSI storage area network (SAN) solutions built using patented storage clustering technology, today announced completion of a $25 million dollar round of Series C financing. The C round funding brings the total equity investment in LeftHand Networks to $75 million. Valhalla Partners led the round, with new participation from JPMorgan Chase, as well as funding support from all existing venture investors. LeftHand Networks will use this investment to extend global sales and support for the company's iSCSI SAN solutions based on its SAN/iQ software. The company will enter new geographic markets in Asia and expand its European presence to answer strong worldwide demand for its products. The demand is being fueled by the increasing need for distributed network storage solutions from both end-users and storage solution providers.
LightSand Communications 7 August 6, 2003 - LightSand, a developer of high-end SAN gateway products announced today that it has executed definitive agreements regarding a new round of funding and the acquisition of SANcastle Technologies Inc., a manufacturer of FCIP gateways and inter-fabric switch (AR/DAT) technology.

The investors in this round include Baring Equity Partners Asia, Concord Venture Partners, Fremont Ventures and Genesis Partners Group. The Boards of Directors of LightSand and SANcastle have approved the acquisition, which, after obtaining shareholder approval from each company and satisfying other closing conditions, is expected to close in August 2003.
Link_A_Media Devices 22 April 9, 2008 – Link_A_Media Devices Corporation, a leader in data recovery and transport technologies for storage devices, secured $22 million in Series B financing.

The funding round, led by AIG SunAmerica Ventures, was secured from four additional financial and corporate investors – KeyNote Ventures, NEC Electronics, Micron Technology, Inc and Seagate Technology.

Link_A_Media Devices is developing a new class of data recovery solutions for peripheral storage devices, including hard disk drives (HDD) and solid-state drives (SSD).
Linux Networx 40 Nov. 4, 2004 - Linux Networx, the innovation leader in Linux cluster systems for high performance and technical computing, announced today it has closed $40 million in Series B funding. Oak Investment Partners led the round, which also included new investor Tudor Ventures.
LiveVault 25 June 20, 2000- LiveVault Corp. today announced that it has secured $17million in equity financing from several new strategic partners, including Dell Ventures, Iron Mountain Inc. and DSL.net, Inc. The investment will support the launch of LiveVault services that provide continuous data protection for servers and database applications over secure Internet and private IP connections. The new participants in the round join several existing corporate investors, including ADIC, Comdisco, and Sumitomo.

February 4, 2002 LiveVault Corporation, the leading provider of fully managed online backup and recovery services, today announced that it has secured $8 million in equity financing. The funding was led by Matrix Partners and Atlas Venture. Iron Mountain (NYSE: IRM), the leader in offsite data storage and protection and a LiveVault partner, continued its strong support of the company by participating in the financing, as did Adams Street Partners. Building on customer enthusiasm for the LiveVault Online Backup and Recovery Service, the financing will be used to both continue the enhancement of the service and accelerate its sale through LiveVault partners such as Iron Mountain and Compaq.
ManagedStorage International 50 March 30, 2000 StorageTek (Storage Technology Corp., NYSE:STK) and Great Hill Partners LLC today announced the formation of ManagedStorage International Inc. ManagedStorage International will offer data storage services including storage-on-demand, server backup, PC backup and content management services.

StorageTek Spins-Off Storage Solutions Business; Forms ManagedStorage International with Great Hill Partners; Receives $50 Million Equity Funding Commitment
Maranti Networks 57 December 18, 2001 - Maranti Networks announced today that it has received $25 million in series B funding, bringing its total equity investment to $31 million since being founded in October 2000. This second round of investment is led by Menlo Ventures and Trinity Ventures, along with Alliance Ventures, who led Maranti's first round of funding last year. Based on its patent-pending technology, Maranti will introduce the first standards-based, application aware storage switching platform enabling truly intelligent storage networks. Maranti Networks addresses the needs of today's complex enterprise storage environments by delivering storage services for business continuance with unprecedented scalability, availability and performance.

February 9, 2004 - Maranti Networks announced completion of a $26 million Series C round of expansion financing led by JPMorgan Partners with participation by prior investors Menlo Ventures, Trinity Ventures and Alliance Ventures. The Series C round brings Maranti's total equity investment to $57 million since the company's founding in October 2000. In conjunction with the financing, Vikram Gupta, Principal of JPMorgan Partners, and Anil Gupta, CEO and President of Aristos Logic Corporation, will join Maranti's board of directors. Maranti will use the proceeds from this round of funding to fuel the growing global demand for its CoreSTOR product line and to expand its sales and marketing efforts.
Maximum Throughput 11 January 15, 2002 — Maximum Throughput Inc., an emerging leader in the networked storage market, today announced the completion of a $7 million Series A round of funding, bringing the total venture capital raised by the company to $11 million. Participants in the round were new investors GTI Capital, The Business Development Bank of Canada (BDC) Venture Capital and NB Capital Venture Partners. The proceeds will be used to launch Maximum Throughput's innovative software-based networked storage solutions. The company makes the world's fastest Network Attached Storage (NAS) system according to an independent evaluation recently published by eTesting Labs (www.etestinglabs.com), an industry leader in Internet and technology testing. Additionally, the company will build its sales, marketing and customer service organizations, as well as grow its product development team.
Maxoptix 30 November 27, 2000 - Maxoptix, Corp. today announced that it has completed a second round of funding, totaling more than $18 million. The company has now secured more than $30 million in two rounds of funding. The lead investors for this round of funding include Smart Technology Ventures III SBIC with $4 million, Hunt Ventures L.P with nearly $1 million, Vahit Yazici with $2.6 million, H.T. Ardinger Jr. with $7 million, and Lafe Holdings Limited with $2 million.
MaXXan Systems 113 September 23, 2002. MaXXan Systems, Inc., the leading developer of next-generation storage area networking infrastructure technology, today announced that it has closed on $25 million in additional equity financing. The new funding brings the total equity raised to date to more than $63 million. Including the previously announced $10 million equipment financing credit line the total amount of financing secured to date exceeds $73 million.

MaXXan's current investors, U.S. Venture Partners, Venrock Associates, Lucent Venture Partners, Ironweed Capital, Trellis Partners, UMC, United Investment, The China Development Industrial Bank, and Premier Capital Management all participated in this round. New investors include Askew International Corp., Global Strategic Investment Fund, Chiao Tung Bank, Prudence Capital, Infinity Global Investment, Ltd., and WQ Investments. The new funding was handled as an extension to MaXXan's previous funding round announced in 2001.

December 13, 2004 – MaXXan Systems, Inc., the first company to ship network-based intelligent storage solutions, today announced that it has received an additional $29 million in venture funding led by BA Venture Partners, bringing the total secured financing in the company to $113 million since its incorporation in 2000. Other investors included US Venture Partners (USVP), Venrock Associates, China Development Industrial Bank, Inc. and Inventec Corporation. The capital raised will be used to ramp up the sales, marketing and support organizations, as well as to open an interoperability lab to meet the growing demand for the company's fabric-based intelligent storage switches and appliances.
Mellanox Technologies 89 Feb 11, 2002 - Mellanox Technologies, Ltd., the leading provider of InfiniBandSM silicon, announced today it has secured $56 million in its third round of funding. The round, led by Bessemer Venture Partners, includes both existing and new corporate and financial investors. In addition to Bessemer, new investors participating in the round include: Banc of America Securities, China Development Investment Bank, Dell Computer Corp, Gemini Israel Funds, Jerusalem Global Ventures, JNI Corporation, Quanta Computers, Sun Microsystems Inc., Walden Israel Venture Capital and additional corporate and private investors. Previous investors also participating in this round of funding include Intel Capital, Raza Venture Management, Sequoia Capital, US Venture Partners and Vitesse Semiconductor. MellanoxTM is pleased to welcome Rob S. Chandra, from Bessemer Venture Partners, as the newest member of the board of directors, joining Irwin Federman (US Venture Partners), Pierre Lamond (Sequoia Capital), Atiq Raza (Raza Venture Management), and Eyal Waldman (Mellanox).

The closing of this round of funding brings the total investments in Mellanox to more than $89 million.
Mendocino Software 15 March 30, 2004 - Mendocino Software today announced it has secured and completed $15 million in its Series A funding round. Mayfield and Accel Partners co-led the round, with additional participation from Advent International and Foundation Capital. The funds will be used for growing the engineering/product organization and for rapidly deploying the necessary support for end-user customers, OEM and strategic partners.
Merlin Software Technologies 2.1 April 26, 2001- Merlin Software Technologies International, Inc. (OTC:MLSW), publisher of PerfectBackUP, today announced that it has received $1 million in funding from several institutional investors. The $1.0 million in proceeds is the second tranche of a $2.1 million private placement which closed on August 24, 2001.
MonoSphere 11 October 25, 2006 - MonoSphere Inc. today announced it has closed $11 million in Series B funding. Led by Intel Capital, this funding round also included additional investments from existing investors, ComVentures and Lightspeed Venture Partners. This new funding enabled MonoSphere to expand its national reach by opening a New York office.
Mountain View Data 3 Dec. 20, 2001--Mountain View Data, Inc. announced the closing of $3 million in its first round of outside funding. Participating in the round were venture capital firms Nippon Venture Capital, Orix Capital, and Tsunami Network Partners. As part of the funding agreement, Tsunami Network Partners will hold a seat on Mountain View Data's board of directors.
MTI Technology 15 June 22, 2004 – MTI Technology Corporation (Nasdaq/SCM: MTIC), a global provider of data storage products, data management and protection solutions, professional services and support, today announced that it has raised $15 million, before consideration of professional fees, in a private placement equity financing transaction led by Advent International. In connection with the financing, MTI issued 566,797 shares of Series A Convertible Preferred Stock at $26.46 per share and warrants to purchase 1,624,308 shares of Common Stock of MTI with an exercise price of $3.10 per share.

"The proceeds from the Advent investment will be used to support the continued expansion of our sales and professional services organizations," said Thomas P. Raimondi, President and CEO of MTI. "With Advent's strategic and financial support, we believe we are well positioned to focus on sustainable growth and improving the financial metrics of our business. Continued development as a provider of mid-market solutions is an important element of MTI's overall growth plans."
Nanochip 34 Jan. 22 2008 – Nanochip, Inc., a developer of advanced microelectromechanical systems (MEMS) silicon data storage chips, today announced the completion of a $14 million financing round. In conjunction with Intel Capital and JK&B;Capital, both investors in earlier rounds, this round was led by an additional world-class investment company. The financing round will allow Nanochip to complete development of its first prototypes later this year to support design verification testing and limited customer sampling in 2009.

Nanochip is developing a new class of ultra-high-capacity storage chips enabling the storage of tens of gigabytes of data per chip.

March 8, 2004 - Nanochip, Inc., a MEMS-based storage company, today announced that it has secured $20 million in its Series B financing. JK&B Capital led this round, and was joined by leading institutional and corporate investors, including New Enterprise Associates, Microsoft and AKN Technology. MEMS (Micro-Electro-Mechanical Systems) are microscopic devices that are produced on semiconductor chips and are measured in micrometers.

Nanochip is developing a new class of MEMS-based storage products that are smaller, faster, use less power, and achieve dramatically higher storage densities than anything available in today's market. These multi-gigabyte storage chips are designed to be used in a wide range of consumer electronic products, including Web phones, digital cameras, MP3 players, PDAs, mobile PCs, and related wireless and remote storage appliances.
Neartek 35 April 23, 2002 – Neartek, Inc., the independent leader in tape virtualization software and services, announced today that it has raised $27 million in new financing. Benchmark Capital, the leading global technology venture capital firm, led the round. Earlier investors Doughty Hanson Technology Ventures and Magnum Telecom also participated significantly in this round. Goodwin Procter LLP served as counsel to Neartek on this transaction. George Coelho, General Partner at Benchmark Capital, has joined the Neartek Board of Directors.

October 10, 2003 - Neartek, Inc. today announced that it has received an additional $8 million in funding from Benchmark Capital, Doughty Hanson Technology Ventures and Magnum Telecom. The funding will be used to expand U.S. sales and marketing efforts, to continue support of Neartek's growing international customer base and to expand the company's European presence for its Virtual Storage Engine.
NeoPath Networks 6 March 8, 2004 - NeoPath Networks announced it closed a Series A round of financing in the spring of 2003, which is being used to develop a new class of intelligent file management technology that addresses the growth of unstructured file data. August Capital and DCM-Doll Capital Management co-led the financing round. Also participating in the round were DotEdu Ventures and Bill Joy through HighBAR Ventures. As a result of the financing, Vivek Mehra from August Captial and Rob Theis from DCM have joined the board of directors. Dr. Rajeev Motwani, Stanford University Professor of Computer Science, was also named to the board as an outside director.
NeoScale Systems 25.2 April 21, 2003 – NeoScale Systems, Inc., a leading provider of enterprise storage security solutions for the networked storage and data storage management markets, today announced that is has secured $12 million in second round equity funding led by Sevin Rosen Funds with strong participation from current investors. These investments bring NeoScale's total financing to $25.5 million from top tier venture capitalists Bay Partners, Lightspeed Venture Partners, and Sevin Rosen Funds. The company is also announcing the appointment of industry veteran John McGraw as president, CEO and chairman of the board.
Nexsan Technologies 17 December 16, 2003 - Nexsan Technologies today announced that it has secured $17 million in venture capital funding, led by VantagePoint Venture Partners. RRE Ventures, Gesfid First Gen-e and a syndicate of individual investors formed by Beechtree Capital also participated in the round. Nexsan will use funds to continue to expand its rapidly growing global business.
Nirvanix 12 September 18, 2007 – Nirvanix, Inc, provider of the first storage delivery service optimized for media applications, today announced that it has closed a $12 million equity financing round led by Mission Ventures and Valhalla Partners with participation from Windward Ventures. Nirvanix will use the funds to expand its business-to-business Storage Delivery Service (SDS) globally. The recently launched Nirvanix SDS already has more than 40 customers worldwide using the service.

"We are excited to lead this round of funding in a company that is revolutionizing the way user-generated content is stored and delivered to media applications," said David Ryan, Managing Partner of Mission Ventures. "We are at the intersection of the explosive growth of digital media and the requirement to add online storage to access and share this media from anywhere. Based on our extensive market and technical analysis, Nirvanix's platform is perfectly positioned to capitalize on this growth."

Nirvanix was founded by a team of storage and content delivery veterans from EMC, Brocade, McDATA, Apple, Intel, Microsoft, and Yahoo who recognized the need for a scalable storage service that would power the backbone of web applications and services. The Nirvanix service has been built from the ground up to support Internet-scale media storage requirements and to remove the barriers of managing and storing billions of files for millions of users. "Nirvanix has a tremendous clustered file system architecture
Nishan Systems 20 December 20, 1999 – Nishan Systems today announced that it has secured $20 million in its second round of financing, led by Raza Ventures. These investments bring Nishan's total funding to $30 million from the premier technology venture capitalists ComVentures, Weiss, Peck & Greer Venture Partners, Raza Ventures, Sofinnova Ventures, Discovery Ventures, and Altos Ventures. (Editor's note - this was a near miss on the dates, so I decided to include it.)
NSI Software 15 January 13, 2003 - NSI® Software today announced $15 million in funding led by ABS Capital Partners with participation from existing investors, Dell and J. & W. Seligman & Co. NSI will use the financing to advance research and development initiatives, continue its aggressive sales and marketing campaigns and further international growth. ABS Capital Partners' Laura L. Witt and Bobby Goswami will join NSI Software's board of directors.
Onaro 7 April 26, 2004 – Onaro, Inc., a pioneer in the SAN control and change management market, today announced it has closed a $7.75 million Series B Preferred financing led by Newbury Ventures with participation from existing investor Cedar Fund. In conjunction with the financing, Trevor Kienzle, general partner of Newbury Ventures, will join the company's board of directors. The capital raised will fuel Onaro's growth and accelerate marketing efforts for its revolutionary Predictive Change Management technology for SANs.
ONStor 105 Editor:- this company has changed its name more than once. From Agile Storage, to ClariStor, and then to ONStor.

March 19, 2002.— Agile Storage, Inc., a pioneer of file services solutions for networked storage, announced today that it has attracted $26 million in Series B funding, bringing its total equity investment to $40 million. This investment was finalized in under 90 days and is led by Worldview Technology Partners. Current investors Foundation Capital and Mayfield also participated in this round. With this funding, Agile Storage is poised to deliver a new class of networked storage solutions that combine file-level services with a unique high performance architecture.

June 2, 2005 – ONStor Inc., the leader in Enterprise NAS Gateway solutions for multi-vendor st