Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bf290b27-d9e4-4bbe-8c7b-f41a60d58553&Preview=1
Date 10/4/2012
Company Name RainStor
Mailing Address 45 Belden Place 2nd Floor San Francisco, CA 94104
Company Description RainStor is a technology pioneer in online information preservation. The company’s specialized data repository significantly reduces the total cost of preserving information through extreme data compression, simplified data management, and near-perfect scalability on commodity hardware.
Proceeds Purposes The new funding will be used to accelerate engineering, expand a world-class team across direct and indirect sales and marketing to maintain Big Data market leadership serving financial services, government, communications and other sectors driving the Big Data wave.