Monday, April 23, 2012

Terascala Raises $14 Million for Big Data Storage

Terascala, a start-up based in Avon, Mass., raised $14 million in venture funding for its storage I/O optimization for big data applications.

The Terascala Integrated Storage Information System (TISIS) provides appliance management and workload-driven I/O technology for open source Lustre, the world’s fastest parallel file system. TISIS runs on industry-standard storage appliances in a wide range of market segments, including life sciences, financial services, energy, academic research, computer-automated engineering (CAE), and government/defense.

Strategic partners close to the company invested approximately fifty percent of the round, with Ascent Venture Partners, an early backer of the company, contributing the remainder.

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