SwiftStack Raises $6.1M in Series A Funding
Summary
SwiftStack, a San Francisco, CA-based developer and provider of a software-defined storage (SDS) solution, raised $6.1m in a Series A funding.The round, which brings the company’s total financing to date to $7.6m (including $1.5m in seed funding), was led by Mayfield Fund, with participation from Storm Ventures and UMC Capital.The company intends to use the capital to grow the sales team, expand operations and advance development of its solution.Founded in 2011 and led by Joe Arnold, CEO, SwiftStack is building a software-defined storage solution specifically for object storage.The platform decouples the management from the underlying storage infrastructure, enabling customers to build pools of storage on commodity hardware.
Funding
Amount
$6.1M
Total raised
Date
March 11, 2013
Announcement date
Investors
Mayfield, UMC Capital, Storm Ventures
Lead investors
Company
http://www.swiftstack.com
Funded company
Classifications
industries
Entertainment
applications
Data Management
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
SwiftStack
$1M to $5M