Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=322d4d16-31ce-46e3-bbba-bc20f4e25d94
Date 3/24/2014
Company Name Amplidata
Mailing Address 1551 McCarthy Blvd Milpitas, CA 95035 USA
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.
Proceeds Purposes Amplidata will use the funding to drive the next phase of growth by expanding its sales and marketing initiatives and investments in its research and development team to further advance true cloud-scale storage economics.