Amplidata Garners $8,000,000 Series C Financing

  • Feed Type
  • Date
    3/1/2012
  • Company Name
    Amplidata
  • Mailing Address
    2100 Seaport blvd Redwood City, CA 94063
  • Company Description
    Amplidata provides unbreakable storage technology that is ten thousand times more reliable than current RAID based technologies, requires 50-70% less storage and power and 90% less expensive than current storage solutions. The Amplidata Optimized Object Storage fundamentally changes the way how data is stored and scales up to zettabytes. Amplidata is a spin-off from Incubaid, a group of technology companies that focuses on data center innovations.
  • Website
    http://www.amplidata.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The additional funding will support further development of the sales and support organization in the US, Europe and Asia.
  • M&A Terms
  • Venture Investor
    Intel Capital
  • Venture Investor
    Swisscom
  • Venture Investor
    Undisclosed