Cloud Computing: Gridstore gets $12.5M to scale out storage
October 16, 2012
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…
Gridstore is taking on companies like Nimbus and Pure Data that are betting that entrenching pricier solid-state storage is the way to go. For most applications, Gridstore would argue, flash storage is overkill. It also competes with storage giants NetApp and EMC, which have been in the market a long time and are pushing into new storage arenas while also trying to protect their existing legacy products…
Read more from the source @ http://gigaom.com/cloud/gridstore-gets-12-5m-to-scale-out-storage/