Nexus Venture Partners injects $2 million in storage start-up Datagres
September 24, 2012
Grazed from Economic Times. Author: Peerzada Abrar.
Nexus Venture Partners has injected first round funding of $ 2 million in Bangalore-based storage startup Datagres which sells data management products to large enterprises. The two-year-old firm will use the funding to market its products and hire talent in the US and Asia markets.
"We have developed a technology that helps to distinguish active application data which is more in demand and bring it closer to applications at the right time for higher performance," said Srinivasan Viswanathan, founder of Datagres…
An alumnus of Indian Institute of Science, Bangalore, Viswanathan has been awarded 21 patents in storage and systems technology areas. He had founded a storage startup in US a decade ago. However the technology was far ahead of its time to have a market potential and the business took a hit due to financial crisis…
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