Cloud Computing: Gridstore gets $12.5M to scale out storage
Grazed from GigaOM. Author: Barb Darrow.
New funding from GGV Capital and Onset Ventures will help Gridstore push its case that, with the right software, plain, old disk drives can scale out to do the heavy lifting for most web-scale applications.
Gridstore, which makes software that converts inexpensive, commodity disks into scale-out storage, has closed a $12.5 million Series A round led by GGV Capital and Onset Ventures. That brings total funding, including seed money, to $15 million, the company said. The new cash will be used to build out its sales channels…


The OpenStack cloud computing project needs to get a move on it, says Forrester analyst James Staten. Specifically, he says member organizations need to start seeing a return on their investments, or else may become disinterested.