Reduxio Systems, a San Francisco, CA-based provider of storage and data management solutions for the enterprise, secured $22.5m in Series C funding.
The round, which has a total target of up to $32m, was led by C5 Capital with participation from Jerusalem Venture Partners, Carmel Ventures, Intel Capital and Seagate Technology. In conjunction with the funding, Marcos Battisti, Partner at C5 Capital, joined Reduxio’s board.
The company intends to use the funds for continued innovation and global marketing efforts.
Led by Mark Weiner, co-founder and CEO, Reduxio provides enterprise storage solutions with data management capabilities enabled by a new operating system, called Reduxio TimeOS™, which puts data in the middle of its architecture and allows complete virtualization of all types of storage.
FinSMEs
20/03/2017