CORAID Garners $10,000,000 Series A Funding Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c3b806ec-26bb-4e57-a51f-2bad45f41fbc&Preview=1 - Date
1/25/2010 - Company Name
CORAID - Mailing Address
101 S El Camino Real San Clemente, CA 92672 - Company Description
CORAID redefines storage economics with its breakthrough line of EtherDrive® storage solutions. EtherDrive delivers scale-out performance, Ethernet simplicity, and 5-8x price performance advantage over legacy storage. Designed from the ground up for virtualization and simplicity, CORAID solutions have been deployed by over 1100+ customers worldwide. - Website
http://www.coraid.com - Transaction Type
Venture Equity - Transaction Amount
$10,000,000 - Transaction Round
Series A - Proceeds Purposes
CORAID has invented a powerful new approach for storage, and I believe it will find strong adoption in some of the fastest-growing segments of the market. - M&A Terms
- Venture Investor
Allegis Capital - Venture Investor
Azure Capital Partners - Venture Investor
Undisclosed
