Excelero, a San Jose, CA-based provider of software-defined block storage solutions, received a further strategic investment from Qualcomm Ventures, the investment arm of Qualcomm, Incorporated (NASDAQ: QCOM).
The new investment brings the total venture capital amount raised by the company to $30m, including the $25m Series B round, starting with Battery Ventures which led the round, and ending with 3 strategic investors, including Qualcomm.
Total funds also include participation from Series A investor Square Peg Capital, angel investor David Flynn, the founder of Fusion-io, and several angel investors.
The company intends to use the funds to expand its sales, marketing and product development teams.
Led by Lior Gal, CEO and co-founder, Excelero enables customers to build distributed Server SAN for with standard hardware for mixed application workloads. The NVMesh is a converged Software-Defined Block Storage solution that features an intelligent management layer that abstracts underlying hardware with CPU offload, creates logical volumes with redundancy, and provides centralized management and monitoring.
The solution has been deployed for Industrial IoT services, machine learning applications and simulation visualization.
The company has engineering headquarters in Tel-Aviv, Israel.
FinSMEs
07/11/2017