NVELO Lands $6,555,160 Series A Financing

  • Feed Type
  • Date
    7/6/2011
  • Company Name
    NVELO
  • Mailing Address
    5201 Great America Parkway Santa Clara, CA 95054
  • Company Description
    NVELO, Inc. is a pioneer in innovative storage software, bringing new intelligence into storage subsystems to break the I/O bottleneck in today’s computing systems. Formed as a spin-off company during the acquisition of Denali Software by Cadence Design Systems, NVELO started with world-class engineering and management teams from Denali. R&D on its flagship product “Dataplex”, started within Denali in 2007, and is now in the process of being introduced to the market through Computer OEM’s and SSD vendors. NVELO is a privately held company with headquarters in Santa Clara California.
  • Website
    http://www.nvelo.com
  • Transaction Type
    Debt, Venture Equity
  • Transaction Amount
    $6,555,160
  • Transaction Round
    Series A
  • Proceeds Purposes
    Proceeds purposes were not disclosed. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed