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Top Ten Private Storage Networking Companies: Page 14 of 23

Both companies are going after EMC and will need a huge amount of staying power to take on the storage giant. Essentially, this means plenty of cash reserves to stay in the fight.

Cereva has reportedly been trawling for more investment for some time and was forced to lay off 65 employees a couple of months ago to keep afloat. Can it really have burned through that entire round of $110 million from the start of the year? It certainly sounds like it. Without further investment soon, things are beginning to look shaky in the Cereva camp.

For the previous Top 10 article about this company, see: Viva Cereva!

To Infinity and Beyond?

New: 6/13/01