Boom or Bust? 11 Big Bets on the Future of Boston Tech

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Exagrid Systems
HQ: Westborough, MA
Founded: 2002
CEO: Bill Andrews
Amount raised: $103M
Investors: Highland Capital Partners, Investor Growth Capital, Sigma Partners, Tenaya Capital.
What it represents: The future of data storage on disks.
Why it wins: The data storage market continues to grow (heard of big data?); disks aren’t going away.
Why it loses: Data deduplication has played out, and Data Domain/EMC won. And with EqualLogic/Dell and Isilon/EMC, is there still a new data storage industry to define?
Photo courtesy of Exagrid Systems

Author: Gregory T. Huang

Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003. Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.