Pancetera Lands $5,000,000 Series A Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fc87a5bd-e5ad-4ab2-88a5-5eea60016f0b&Preview=1
Date
8/2/2010
Company Name
Pancetera
Mailing Address
2953 Bunker Hill Lane Santa Clara, CA 95054
Company Description
Pancetera, a provider of virtual storage optimization solutions, helps organizations improve operational efficiency and leverage virtualization investments for greater levels of IT performance and productivity. The company’s virtual appliance provides a new way to measurably reduce the impact of management tasks in virtual environments, such as backup, replication, archiving, security scanning, search, and DLP.
Website
http://www.pancetera.com
Transaction Type
Venture Equity
Transaction Amount
$5,000,000
Transaction Round
Series A
Proceeds Purposes
The company is launching its virtual storage optimization solution concurrent with the financing announcement.
M&A Terms
Venture Investor
ONSET Ventures
Venture Investor
Hummer Winblad Venture Partners