Exablox, a Sunnyvale, Calif.-based provider of a storage management application, received $16m in Series C funding round.
Backers in the tound, which brought total funding to $38.5m, included strategic investor Dell Ventures and existing investors DCM Ventures, Norwest Venture Partners and US Venture Partners.
Founded in 2010 by Douglas Brockett, CEO, Exablox provides a cloud, object-based storage solution that enables IT organizations to nearly instantaneously scale storage capacity, performance and/or availability to exactly meet their current business needs. Its own object-store is integrated with a distributed file system delivering inline deduplication, continuous data protection, disaster recovery, remote replication and scalability to SMB and NFS-based applications.
The company’s platform is used across a wide range of industries including higher education, legal, medical and manufacturing organizations.
FinSMEs
26/02/2015