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French Storage Startup Grabs $8M, Eyes US

Online storage vendor Steek clinches Series B and builds DC data center

French online storage specialist Steek has picked up $8 million in Series B funding to finance its expansion into the U.S.

The round, which included AGF Private Equity and Innovacom, brings Steeks total funding to $12 million and will be used to bring vendor's SaaS offering to this side of the Atlantic.

”At the moment we’re mainly focused in Europe, but we want to go into the U.S,” says Jean-Michel Gobet, Steek’s vice president of marketing communications, explaining that Steek has already built a data center in the Washington, D.C., area as part of this effort.

Based in Bordeaux, France, Steek sells online storage capacity as a software-based service, mostly to ISPs, which include the likes of Neuf Cegetel, NordNet, and Denmark’s TDC.

The vendor is now looking to replicate this business in the U.S., according to Gobet.

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