Tuesday, October 16, 2012

Gridstore Raises $12.5 Million for Software-Defined Storage Control

Gridstore, a start-up based in Mountain View, CA, raised $12.5 million in Series A financing for its scale-out grid storage solutions.
Gridstore's  Virtual Controller Technology delivers scalable, software-defined storage via a Microsoft Managment Console (MMC) snap-in that integrates with Active Directory.
The funding round was led by GGV Capital and ONSET Ventures with participation from all existing investors bringing the Company's total venture funding to $15 million. 
“It’s the end of big storage. The dynamics of enterprise storage requirements are changing and 30-year-old legacy technology doesn’t cut it anymore,” said Kelly Murphy, CEO of Gridstore. “Web-scale giants such as Amazon and Google have proven that. Gridstore is delivering the next generation of scale-out storage for the software-defined data center that can deliver the same scalability, performance and affordability to the market. Businesses no longer have to accept monolithical systems that are expensive and can’t scale. We are excited for the support of our new investors and the continued commitment of our existing investors will be instrumental as we enter the next phase of rapid growth and continued product innovation that is changing the dynamics of scale-out storage.”