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Exanet Nets $18M

NAS startup Exanet has picked up $18 million in Series C funding, as the vendor adds search features to its core ExaStore product. (See Exanet Raises $18M.)

The round, which was led by Coral Capital Management, included hedge fund QVT and current investors Evergreen Venture Partners and Intel Capital.

Rami Schwartz, the Exanet CEO, told Byte and Switch that the round brings the vendor's total funding to "somewhere in between" $40 million and $60 million.

The clustered NAS specialist will use the cash influx to boost its sales and marketing efforts, expanding its workforce from 110 to 145 people, according to the exec. "We need to court more partners and train more partners," he says. Exanet now has about 30 partners.

The startup now claims more than 100 customers for its flagship ExaStore clustered NAS software, including U.K.-based post-production company Rushes, broadcaster Russia Today, and French local government body Conseil General 77. (See UK Film Co Picks Exanet.)

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