E8 Storage Obtains $12,000,000 Series B Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a131072c-b16b-4e04-9238-c5ddc3b24fa4
Date
5/11/2016
Company Name
E8 Storage
Mailing Address
2905 Stender Way Santa Clara, CA 95054 USA
Company Description
E8 Storage provides the next generation of flash storage with a rack-scale architecture for the enterprise and software-defined cloud, delivering 10 times the performance for half the cost of existing storage products, while using only off-the-shelf hardware.
Website
http://www.e8storage.com
Transaction Type
Venture Equity
Transaction Amount
$12,000,000
Transaction Round
Series B
Proceeds Purposes
The investment will help the company to launch its next-generation flash storage with a rack-scale architecture for the enterprise and software-defined cloud.
M&A Terms
Venture Investor
Accel Partners
Venture Investor
Magma Venture Partners
Venture Investor
Vertex Venture Capital