Gridstore Raises $12.5M in Series A Financing

Gridstore, a Mountain View, Calif.-based provider of next generation scale-out grid storage solutions, has raised $12.5m in Series A financing.

The round was led by GGV Capital and ONSET Ventures, with participation from existing investors.

The company intends to use the capital to expand its sales channels and accelerate the delivery of grid-based, scale-out storage.

Led by CEO Kelly Murphy, Gridstore provides grid-based scale-out storage that allows users to backup and archive data directly onto its nodes enabling a highly efficient use of a company’s existing wide area network (WAN), while maintaining protection.
The company has development facilities in Dublin, Ireland.

In conjunction with the funding, Glenn Solomon, Partner, GGV Capital, has joined Gridstore’s board of directors, along with Shomit Ghose, Partner, ONSET Ventures.



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