• 12/05/2001
    11:30 PM
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Exanet Lands $17M

The VCs and management team look hot, but so does the competition
Exanet Inc., the latest startup with a plan to scale storage beyond the limits of today's equipment, has completed its second round of venture funding, bringing its total raised to date to $17 million.

Investors in Exanet include Evergreen Canada-Israel Investments Ltd., Intel Capital, and Microdent Ltd.

Headquartered in Santa Clara, California, with research and development in Herzilia, Israel, Exanet says it will use the funding to bring its technology to market late next year.

Exanet's prototype is dubbed the ExaStore clustering system. It includes some patent-pending software called ExaMesh - loaded on an industry-standard Intel server with some InfiniBand interconnect technology thrown in.

Company officials say ExaStore will make it easy to scale storage across key dimensions, including capacity, bandwidth, backup/restore speed, geography, and manageability.

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