NewScale Receives $14 Million

Funding Rounds

▤ Summary

NewScale Inc., Oakland, Calif., completed $14 million in funding. Investors included Menlo Ventures, a first-time investor in the company, and New Enterprise Associates and Crosslink Capital, who were both original investors. Scott R. Hammond will join the company as its president and chief executive officer and Thomas Bredt, managing director of Menlo Ventures, will join newScales board. NewScale (www.newscale.com) creates software for its clients internal services.

$ Funding

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Amount $14.0M Total raised
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Date October 22, 2002 Announcement date
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Investors New Enterprise Associates, Crosslink Capital Lead investors
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Company http://www.newscale.com Funded company

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applications
Networking and Cloud

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