Sunday, December 12, 2004

MaXXan Secures $29 Million for Net Storage Solutions

MaXXan Systems, a start-up based in San Jose, California, received an additional $29 million in venture funding for network-based intelligent storage solutions. The products are used in applications such as disaster recovery, storage consolidation and NAS/SAN integration.

The new funding was led by BA Venture Partners. Other investors included US Venture Partners (USVP), Venrock Associates, China Development Industrial Bank, Inc. and Inventec Corporation.

MaXXan Systems has raised $113 million in funding since its incorporation in 2000.


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