Drobo Completes Equity and Debt Funding Round

Funding Rounds

▤ Summary

Drobo, a Santa Clara, CA-based maker of storage arrays for businesses, professionals and consumers, completed an equity financing round led by Empire Capital Management.In addition, the company has secured a $4M debt facility from East West Bank.The company will use the funds to grow its market position and develop new products.Led by CEO Mihir H. Shah, Drobo offers a product family of storage arrays to consumers, creative professionals, small business, education (K12 and universities), corporations and state, local and Federal governmental users.FinSMEs 29/09/2015

$ Funding

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Amount $4.0M Total raised
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Date September 29, 2015 Announcement date
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Investors East West Bank, Drobo Lead investors
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Company http://www.drobo.com Funded company

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Data Management

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