Maginatics, a Mountain View, CA-based provider of storage solutions for distributed enterprises, raised $17m in Series B funding.
The round was led by Intel Capital with participation from WestSummit Capital, Comcast Ventures and existing investors Atlantic Bridge and VMware. In conjunction with the funding, Dharmesh Thakker of Intel Capital and Raymond Yang of WestSummit Capital joined Maginatics’ board of directors:
The company intends to use the funds to scale sales, marketing and support to grow in the US and internationally.
Founded in 2010 by CEO Amarjit Gill and CTO Dr. Jay Kistler, Maginatics provides MagFS (Maginatics File System), which offers Network Attached Storage (NAS)-like capabilities in the cloud to support scale-out workloads or disaster recovery solutions and on–premises to support distributed enterprises and mobile environments.