Gridstore, a Mountain View, CA-based provider of optimized storage solutions for Windows Server, closed a $11m Series B funding round.
The round was led by new investor Acero Capital, with participation from current investors GGV Capital, Investec Ventures Ireland Limited, ONSET Ventures and some original angel investors. In conjunction with the funding, Acero Capital’s General Partner, Rami Elkhatib, will join Gridstore’s board of directors.
The company intends to use the funds to expand both its geographic coverage and its partner recruitment programs, as well as to continue product investment.
Led by George Symons, CEO, Gridstore provides a software-defined storage (SDS) solution, Gridstore 3.0, which was built to address the architectural disconnect between traditional storage and virtualization and to solve a critical issue, the degraded performance caused by traditional storage in a Windows Server Hyper-V environment, and accelerate Hyper-V applications while offering a pay-as-you-scale pricing structure.
FinSMEs
04/12/2013