agami Raises $45M

agami Systems Raises $45M in Series C financing; Advanced Equities leads funding round; new funds to expand sales and marketing

February 16, 2008

1 Min Read
Network Computing logo

SUNNYVALE, Calif. -- agmi Systems, Inc., an industry leader in delivering enterprise-class unified storage systems with live file system replication and breakthrough operational performance and TCO, today announced that it has currently closed $45 million in Series C financing and has an option to extend the round. The funding, led by Advanced Equities, Inc. with participation from current investors New Enterprise Associates (NEA), Kleiner Perkins, APEX Venture Partners, Alta Partners, TIF Ventures and Duff Ackerman Goodrich, and new investments from ITOCHU Corporation and David Stiles (CEO), will be used to boost sales and marketing activities in order to grow market share for the company’s unified NAS/IP SAN agámi Information Server and future offerings.

“As one of the original investors in agámi Systems, we believe that the company is well positioned to take advantage of a unique market opportunity to deliver a new generation of enterprise-class storage systems,” said Scott Sandell, General Partner, NEA. “The company continues to be an attractive investment because of the market’s demand for innovative storage solutions coupled with the deep technology and business expertise of agámi Systems’ executive team.”

Agami Systems Inc.

Stay informed! Sign up to get expert advice and insight delivered direct to your inbox

You May Also Like

More Insights