Storage Software Company Nvelo Raises $6.6 Million

Nvelo Inc. has raised $6.6 million in Series A funding. Nvelo plans on using the funding to expand their Dataplex product line and to launch a server storage caching product. The funding was led by SKS Capital. Cadence Design Systems Inc. (NASDAQ:CDNS) has equity in Nvelo as well. [Bizjournals]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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