3ware Inc., an IP storage vendor, expects to close a fourth round of funding within the next 30 to 45 days, the company told Byte and Switch today. The financing will come as 3ware releases the second generation of its IP storage system, retuned in response to customer feedback.
The Palisade 100 is essentially a miniaturized version of the older Palisade 400, says Beau Vrolyk, CEO of 3ware. We made the box much smaller and reduced the power and heat, as this is what companies asked us for."
Like the 400, the Palisade 100 contains an Ethernet switch and the capacity to hold multiple terabytes of storage. It can be used as a network-attached storage system on an Ethernet network or form part of a SAN.
Like the highly anticipated second album from a favorite band, 3ware has a lot riding on its new product. It has listened to all the positive and negative criticism from its fans and created what it hopes will be a good follow-up. Now it has to wait and see if anyone likes it.
So far, the reviews have been favorable, 3ware says. It claims to have installed 50 Palisade 100s at customer premises, including Conservor, FinTech, and the University of Utah -- though it is worth noting that not all of the boxes were shipped for revenue, and some are trial units.