ScaleIO Raises $12M in Funding
Summary
ScaleIO, a Palo Alto, CA-based provider of an elastic converged storage solution raised $12m in funding.Backers include Greylock IL Partners, Norwest Venture Partners and other private investors such as Frank Slootman, CEO of ServiceNow and previously CEO of Data Domain.The company intends to use the capital to expand its field operations.Led by founder and CTO Erez Webman and development manager Bamiyan Antonius Gobets, ScaleIO provides ECS software that converges storage into compute on application servers as well as capable of scaling capacity and performance linearly to thousands of servers.The company, which has just came out of stealth and released ScaleIO ECS v. 1.1 of its storage software, already has dozens of installations at enterprise customers and managed service providers, such as SAP (NYSE:SAP), Check Point Software Technologies (NASDAQ:CHKP), Aer Lingus (LSE:AERL), and Colt (LSE:COLT).