TMCnet News
United States : AMPLIDATA raises $11M in INTEL CAPITAL-led round [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) A company that takes the lead in object-based software defined storage, Amplidata, has raised $11 million in a venture funding round to support and fast-track the momentum for its proprietary and proven AmpliStor® solution that allows customers to effectively manage, secure, and unleash the value in the huge amounts of data they generate. The total invested capital reaches $33M, with this round. With participation from all current investors, including Endeavor Vision, Hummingbird Ventures, Quantum, and Swisscom Ventures, Intel Capital led the round. The company will use the money to drive the next stage of growth by expanding its sales and marketing programs and investments in its research and development team to further advance true cloud-scale storage economics. Investment director at Intel Capital, Ian Cooper, said : "With no end in sight to the massive growth of data and the ever increasing value of that data, organizations need a cost effective way to manage and scale their storage solutions. Amplidata is well positioned to take advantage of the growing demand for object-based storage running on commercial-off-the-shelf hardware." President and CEO of Quantum, Jon Gacek, added : "From the world's largest content owners to smaller businesses seeking competitive advantage, our customers rely on Quantum to help them maximize the value of their digital assets. One way we do so is with our Lattus Object Storage* offerings, which incorporate best-of-breed Amplidata technology and can be integrated with our other scale-out storage, archive and data protection solutions to provide unmatched user benefits." (c) 2014 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info, an Albawaba.com company |