Gridstore Garners $12,500,000 Series A Funding Round

  • Feed Type
  • Date
    10/17/2012
  • Company Name
    Gridstore
  • Mailing Address
    1975 Landings Drive Mountain View, CA 94043
  • Company Description
    Gridstore is the leading provider of grid based scale-out storage that turns simple storage building blocks into the world’s most powerful and affordable storage without limits. Gridstore brings the era of mainframe style monolithic storage and its disruptive forklift upgrades to an end. The Grid allows businesses to start small and pay as they grow to any size while growing more powerful with each additional block. Eliminate the frustrations of planning and forecasting for the unknown. No more headaches, no more disruption to your business. Now you can effortlessly give your organization the powerful storage it demands.
  • Website
    http://www.gridstore.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $12,500,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    With this round of financing, Gridstore will expand its sales channels and accelerate the delivery of grid-based, scale-out storage. Featuring Virtual Controller Technology™ (VCT), Gridstore’s flagship solution The Grid™ delivers scalability, performance and cost-efficiency without the limitations of monolithic, legacy architectures.
  • M&A Terms
  • Venture Investor
    GGV Capital
  • Venture Investor
    ONSET Ventures
  • Venture Investor
    Undisclosed