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Cereva Closes In On Round Three: Page 2 of 2

Meanwhile, 3PARdata Inc., its chief competitor in the startup space, recently closed a huge $100 million third round (see 3PARdata Snags $100M), causing Cereva to drop a place on Byte and Switch's list of Top Ten Private Storage Networking Companies.

Mahesh Ganmukhi, president and CEO since May, looks as if he might be turning this around. ”I’ve known Paul and Ed for many years, going back to my days at Cascade,” he told Byte and Switch. “We are very close to closing our third round."

— Jo Maitland, Senior Editor, Byte and Switch