Benchmark, Others Store $9 Million In Scale Computing
Summary
Benchmark Capital is placing a rather hefty bet on Indiana-based SAN startup Scale Computing – they’ve led a $9 million Series B round of financing and Partner Bill Gurley joins the company’s board of directors. Existing investors Blue Chip Venture Company, CID Equity and Spring Mill Venture Partners also participated in the round. Scale Computing sells storage hardware – actual machines with a proprietary software layer – to mostly small and medium sized businesses. The low end product is 3 Terabytes of usable storage for around $10,000, and additional storage can be purchased and added to the cluster from there. The company, which competes with HP’s Left Hand Storage, Dell’s EqualLogic and others, now has over 100 customers, says Gurley, and is growing fast.
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