Not all the tech news coming out of Rhode Island is bad.
GreenBytes, an Ashaway, RI-based data storage company, said today it has raised $12 million in Series B financing led by Generation Investment Management, a firm co-founded by Al Gore. Battery Ventures and GreenBytes management also participated in the funding.
GreenBytes started in 2007 and has raised just over $24 million to date. The company develops solid-state storage arrays and software that use deduplication, compression, and other techniques to make storage and virtualization more effective and energy-efficient for big companies.
Today’s news is particularly significant coming off of EMC’s recent purchase of XtremIO, a competitor in solid-state (specifically, flash-based) data storage.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
View all posts by Gregory T. Huang
