Nirvanix Secures $12M

Nirvanix secures $12M in funding to ramp up global storage nodes, sales, and customer service

September 18, 2007

1 Min Read
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SAN DIEGO -- Nirvanix, Inc, provider of the first storage delivery service optimized for media applications, today announced that it has closed a $12 million equity financing round led by Mission Ventures and Valhalla Partners with participation from Windward Ventures. Nirvanix will use the funds to expand its business-to-business Storage Delivery Service (SDS) globally. The recently launched Nirvanix SDS already has more than 40 customers worldwide using the service.

"We are excited to lead this round of funding in a company that is revolutionizing the way user-generated content is stored and delivered to media applications," said David Ryan, Managing Partner of Mission Ventures."We are at the intersection of the explosive growth of digital media and the requirement to add online storage to access and share this media from anywhere. Based on our extensive market and technical analysis, Nirvanix's platform is perfectly positioned to capitalize on this growth."

Nirvanix was founded by a team of storage and content delivery veterans from EMC, Brocade, McDATA, Apple, Intel, Microsoft, and Yahoo who recognized the need for a scalable storage service that would power the backbone of web applications and services. The Nirvanix service has been built from the ground up to support Internet-scale media storage requirements and to remove the barriers of managing and storing billions of files for millions of users.

"Nirvanix has a tremendous clustered file system architecture that delivers breakthrough performance and global scalability for media-focused business and their millions of users," said Charles Curran, General Partner of Valhalla Partners. "As a leading investor in storage, we are not only impressed by the Nirvanix technology and market opportunity, but also the proven management team led by Patrick Harr."

Nirvanix Inc.

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