Proximal Data Obtains $2,000,000 Series B Financing

  • Feed Type
  • Date
    4/2/2013
  • Company Name
    Proximal Data
  • Mailing Address
    9255 Towne Centre Drive San Diego, CA 92121
  • Company Description
    Proximal Data’s founders have enjoyed decades of success in the enterprise storage business. We believe that there are three underlying trends driving the need for our fast virtual cache solution.
  • Website
    http://www.proximaldata.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Proximal Data will use the funds to increase its sales distribution channels and extend its current market success to include more global markets, as well as further advance the storage I/O caching capabilities of AutoCache, its fast virtual cache software.
  • M&A Terms
  • Venture Investor
    Avalon Ventures
  • Venture Investor
    Divergent Ventures