Gridstore Closes $12.5 Million in Series A Financing Led by GGV Capital and ONSET Ventures to Address Demand for Grid-Based Scale-Out Storage

Strategic Investment to Capitalize on Explosive Scale-Out Storage Opportunity to Support Unmet Storage Demands in Big Data, Cloud and Virtualized Environments

VNM101612 – Mountain View, Calif. – October 16, 2012 – Gridstore™, the leader in next generation scale-out grid storage solutions, today announced that it has received $12.5 million in Series A financing led by GGV Capital™ and ONSET Ventures with participation from all existing investors bringing the Company’s total venture funding to $15 million. With this round of financing, Gridstore will expand its sales channels and accelerate the delivery of grid-based, scale-out storage. Featuring Virtual Controller Technology™ (VCT), Gridstore’s flagship solution The Grid™ delivers scalability, performance and cost-efficiency without the limitations of monolithic, legacy architectures. View full announcement at http://bit.ly/Xjd6pR
http://bit.ly/Xjd6pR

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