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Isilon, PolyServe Pick Up Funding: Page 3 of 4

It is possible, however, that the Series E will be used to boost Isilon's overseas presence, particularly after the recent launch of the firm's European operation. (See Isilon Opens EMEA Ops.)

All this activity spells good news for users in terms of pricing and support, according to Schulz, although he warns that the market is becoming crowded. "The competition is good, but the confusion is that there are so many options out there."

PolyServe and Isilon's Series E rounds are also evidence of the continuing popularity of NAS technology within the VC community. Last year, despite a downturn in the storage funding market, NAS technology was the most attractive storage sector for VCs. (See NAS-tronomical Year in Funding, BlueArc Pulls In $15M More, Cloverleaf Stakes Fresh Claim, Isilon Lays On $20M Icing, and OnStor OnTap for $24M .)

NAS startup Agami provided evidence that this trend is continuing earlier this week, when it picked up $11 million to help push its next release out the door. (See Agami Plots Upgrade and Agami Gets $11M.)

James Rogers, Senior Editor, Byte and Switch

  • DataDirect Networks Inc.
  • EMC Corp. (NYSE: EMC)
  • EqualLogic Inc.
  • Hewlett-Packard Co. (NYSE: HPQ)
  • Fidelity Ventures
  • Greylock Partners
  • Isilon Systems Inc. (Nasdaq: ISLN)
  • Madrona Venture Group LLC
  • Network Appliance Inc. (Nasdaq: NTAP)
  • New Enterprise Associates (NEA)
  • PolyServe Inc.
  • Securities and Exchange Commission (SEC)
  • Sequoia Capital
  • The StorageIO Group