CloudByte Receives $4,000,000 Series B Funding

  • Feed Type
  • Date
    6/18/2013
  • Company Name
    CloudByte
  • Mailing Address
    2959 S. Winchester Blvd. Campbell, CA 95008
  • Company Description
    CloudByte was founded in India in November 2010, by people with extensive experience and background in creating, developing and managing R&D products in system technology areas. The company is based on the belief that the conservative storage market is ready for disruption.
  • Website
    http://www.cloudbyteinc.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    Funds from this new investment will be used for expanding global sales and marketing in addition to product development. Headcount additions will help the company support the growing customer demand and increase the market awareness of its award-winning software-defined storage solution.
  • M&A Terms
  • Venture Investor
    Fidelity Growth Partners India
  • Venture Investor
    Nexus Venture Partners
  • Venture Investor
    Kae Capital