Nirvanix Raises $10M

Nirvanix, a provider of a fully-managed, secure cloud storage service, has raised an additional $10m from  Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures.

The company intends to use the funds to expand market penetration of its Storage Delivery Network (SDN) on a global scale.
In conjunction with the funding event, the company appointed Scott Genereux as President and CEO. Mr Genereux, who succeeds Jim Zierick who will continue to serve on Nirvanix’s Advisory Council, joins the company from QLogic Corp. where he most recently served as Senior Vice President of Worldwide Sales and Marketing.
Nirvanix provides the Nirvanix Storage Delivery Network (SDN), which is designed to store, deliver and process storage requests in the best network location, providing the optimal user experience.
Customers range from Internet startups to Fortune 10 organizations.

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