GreenBytes Raises Additional $12M in Series B Funding

GreenBytes, Inc., an Ashaway, Rhode Island, USA-based developer of inline data deduplication storage solutions based on SSD technology, has raised an additional $12m in Series B funding.

The round was led by Generation Investment Management LLP, with participation from Battery Ventures and GreenBytes management.

The company intends to use the funding to expand and accelerate global sales, marketing and channel development efforts, and for ongoing research and development of its patented technology found in its Solidarity, HA-3000 and GB-X Series of globally optimized storage arrays.

Founded in 2007 and led by CEO and CTO Bob Petrocelli, GreenBytes provides high-performance, energy-efficient inline data deduplication storage solutions based on Solid State Disk (SSD) technology, which features a next-generation, purpose-built solid state storage array with integrated Globally Optimized (GO) software that drives flash storage adoption for small and medium enterprises (SME).



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