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ShareStorwize Secures $19M
Posted by James Rogers on April 10, 2008
ORLANDO, Fla. -- Compression specialist Storwize has clinched $19 million in Series-C funding to boost its U.S. business and support the launch of a Fibre Channel SAN offering later this year.
The round, which included Bessemer Venture Partners, Lehman Brothers Venture Partners, and Sequoia Capital, brings the startup's total announced funding to $27 million.
"This money will help us bring the company to the second stage," said Gal Naor, Storwize's CEO and co-founder, describing his plan to expand the firm's 70-strong workforce with new hires in the U.S.
"Were going to have people in the U.S for sales, support, and systems engineering," he explained, adding that more than 20 new bodies will be added during the coming year.
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