The amount of the transaction was not disclosed. In conjunction with it, Finn Mogensen, Investment Manager at Capnova, joined the new Board of Directors at Fibrenetix, as Chairman.
The company intends to use the funds to continue to expand globally by hiring additional resources in Europe, the Middle East and the Americas and develop innovating products and solutions for the surveillance and media & entertainment industries.
Led by Jes Nagel, CEO and Founder, Fibrenetix provides RAID storage technology with products with capacity ranging from 4 Terabytes to 144 Terabytes in a single enclosure. A new 16Gbit product, the E8 Plus, has been launched, which complements the existing E8 product line.
The company recently appointed an Americas channel sales company, Fibrenetix Americas, and streamlined operations in the Americas, with representation in Los Angeles, California.