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FibreStream Trickles Out

Small and stealthy storage startup FibreStream Inc. will be stepping out into the open next week -- but does the world really need another low-end NAS appliance?

The Minneapolis-based company says its PC-based Virtual Storage Gateway (VSG) appliance provides NAS connectivity as well as iSCSI block-level access over Gigabit Ethernet, baked together with virtualized management capabilities for medium-sized enterprises.

FibreStream isn't revealing how much funding it has received so far, but VP of sales Steven Dahlin claims the company has more than enough money to get by from "individuals with deep pockets."

"We see us being profitable before the end of the year," he says. "We're looking at doing this very sensibly. We're bootstrapping our bottom line."

Three of the company's investors and board members are Michael Huntly, the former VP of sales at Seagate Technology Inc. (NYSE: STX); John Carlson, the former CEO of Cray Inc. (Nasdaq: CRAY); and Clint Jurgens, who cofounded NuSpeed Internet Systems, the iSCSI router startup acquired by Cisco Systems Inc. (Nasdaq: CSCO) (see NuSpeed Duo Departs Cisco).

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