CloudByte Receives $2.1 mn Series A funding from Nexus Venture Partners and Kae Capital
CloudByte Inc., building next generation storage virtualization products, announced that it has raised $2.1 million in a Series A funding led by Nexus Venture Partners. Kae Capital also invested as a part of this fund raise.
CloudByte was started a year ago by a team of senior technology professionals with extensive experience at Novell, NetApp, HP, Juniper Networks, Bell Labs, and Amazon, and a background in creating, developing and managing products in cloud storage and security technology areas.
Flagship product, CloudByte 5.0 is storage system software that runs on commodity hardware. The software can be configured to run as a storage controller that can manage storage, or it can also be configured to run as a storage device that can provide storage capacity. CloudByte 5.0, when configured as a storage controller, can manage physical or virtual storage, direct attached or networked storage and file storage or block storage exposed by CloudByte storage or other vendors.
CloudByte has already filed several patents and has a number of pilot projects underway with leading cloud service providers, enterprises, and storage resellers. CloudByte provides service providers and enterprises a carrier grade multi-tenant storage solution with predictable performance, secure isolation, and ease of administration, based on open standards and at an affordable price point.
Nexus earlier invested in Gluster, which was acquired by Redhat for $136mn (all cash deal).http://www.nextbigwhat.com/cloudbyte-funding-297/http://www.nextbigwhat.com/wp-content/uploads/2012/06/cloudbyte_thumb.pnghttp://www.nextbigwhat.com/wp-content/uploads/2012/06/cloudbyte_thumb-290x59.pngDeal Flow,funding