Terascala Closes $14M Series B Funding

Terascala, Inc., an Avon, Mass.-based provider of storage I/O optimization solutions, has closed a $14m Series B funding round.

A strategic partner close to the company invested approximately 50% of the round, with existing investor Ascent Venture Partners contributing the remainder.

The company intends to use the funding to expand research and development, marketing, customer support, to develop strategic alliances, and grow internationally.

Founded in 2005 and led by CEO Steve Butler, Terascala provides organizations worldwide with high throughput storage solutions designed to accelerate big data applications through storage I/O optimization. Terascala Integrated Storage Information System (TISIS™) provides appliance management and workload-driven I/O technology for open source Lustre, the world’s fastest parallel file system. It runs on industry-standard storage appliances in a wide range of market segments, including life sciences, financial services, energy, academic research, computer-automated engineering (CAE), and government/defense.

FinSMEs

24/04/2012

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