Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Secretive Storspeed Sights $13M

Startup Storspeed has quietly clinched $13 million in Series A funding as the firm develops a technology to boost the performance of storage networks.

Documents filed with the SEC this week reveal that El Dorado Ventures, Hunt Ventures, Vesbridge Partners, and Palomar Ventures participated in the round. The filing describes the vendor's offerings only as a combination of hardware and software.

The startup's Website is similarly secretive, containing just an email link. No one at the company responded to an email inquiry for this story; a call to El Dorado Ventures resulted in a "No comment."

Despite this wall of silence, there are some clues about the company in the SEC documents. Storspeed, which was set up in February of this year, is headquartered in Austin, Texas. When Byte and Switch dialed a local phone number for the firm, Mark Cree answered. Cree, once a general manager of Cisco's storage router business, would not reveal the nature of his involvement with Storspeed, but confirmed that the firm is focused on storage network performance. "I would be happy to talk more about what we're doing when we're further along," he added, without offering any timeframe.

The publicity-shy Cree had been one of the founders of NuSpeed, which was developing a router for sending Fibre Channel storage traffic over IP networks when it was acquired by Cisco for $450 million in July 2000. (See Cisco to Acquire NuSpeed Internet and 2003 Top Ten: Most Popular Stories.) Cree, along with co-founder Clint Jurgens, left Cisco in early 2003, when Cree cited an apparent lack of support for NuSpeed's technology within the networking giant. (See NuSpeed Duo Departs Cisco.)

  • 1