Gridstore Completed €1.5M Seed Funding Round
Published On December 29, 2010 |
Gridstore, a Dublin, Ireland-based provider of enterprise-class Network Attached Storage grid (NASg) solutions, recently completed a €1.5m seed funding round.
The round was led by which was led by the Ulster Bank Diageo Venture Fund, managed by NCB Ventures, with participation from Enterprise Ireland and other Irish private investors.
The proceeds from the investment are being used to fund further product development and to generate sales in the company’s target market in the US. Gridstore has established its US office in Mountain View, CA, which will focus on channel development and sales.
Founded in 2007 by CEO Kelly Murphy, Antoni Sawicki and Tomasz Nowak, the company has developed low cost data storage based on a grid concept. Its solutions are designed to bridge the gap between the high cost of enterprise class systems and the performance, scaling and reliability limitations of fixed capacity storage (network attached storage).
Gridstore’s Chairman is former Iona founder, CEO and chairman, Chris Horn. Sean Baker, co-founder in Iona, also serves as a director of the company.