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Maginatics raises USD 17 mln in latest investment round [Global Data Point](Global Data Point Via Acquire Media NewsEdge) US storage system specialist Maginatics has raised USD 17 million in its latest funding round led by Intel Capital together with WestSummit Capital, and ComCast Ventures. Existing investors such as Atlantic Bridge and VMware also took part. Maginatics will use the money to strengthen sales, marketing and support in the US and abroad, and to increase the pace of adoption of its Maginatics File System (MagFS) flagship product. Maginatics was founded in 2010 by CEO Amarjit Gill and CTO Jay Kistler. The company is based in Mountain View, California and caters to distributed enterprises. Following this round of investment, the the specialist appointed two new members to its board of directors, namely Dharmesh Thakker of Intel Capital and Raymond Yang of WestSummit Capital. (c) 2013 Global Data Point. All Rights Reserved. Provided by Syndigate.info an Albawaba.com company |