Enterprise Storage Company Exablox Raises $22 Million
Exablox is an enterprise storage company that has raised $22 million in funding from Norwest Venture Partners and U.S. Venture Partners. The company was founded in 2010, but recently stepped out of stealth mode. Exablox said that current storage solutions do not address issues like runaway costs, complicated installation, and lack of data security.
“Companies are frustrated by being forced into expensive storage products made unbearably complex by layers of bolt-on technologies, when they simply want the solution to address their business needs, ” stated Exablox CEO Douglas Brockett. The company will be using the funding to drive product development and to expand partnerships.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry