Intel Capital leads $17m series B funding for enterprise storage systems provider Maginatics, with participation of Comcast Ventures and existing investors including VMware.
Maginatics, a US-based provider of enterprise storage systems, has raised $17m in series B funding led by Intel Capital, the corporate venturing arm of microprocessor maker Intel, with participation from China-based growth capital firm WestSummit Capital, Comcast Ventures, the venture capital affiliate of cable television company Comcast Corporation, and existing investors including growth equity fund Atlantic Bridge and US-based software company VMware.
Maginatics will use the investment to scale sales, marketing and support.
Amarjit Gill, co-founder and chief executive officer…
