Hybrid storage developer Reduxio Systems has raised $15m in a series B round from investors including Intel, which first invested in Reduxio last year.
Israel-based hybrid storage technology developer Reduxio Systems has raised $15m in a series B round that featured Intel Capital, the corporate venturing arm of semiconductor chip manufacturer Intel.
Data storage company Seagate Technology led the round, which also included venture capital firms Jerusalem Venture Partners and Carmel Ventures.
Reduxio develops hybrid storage arrays specifically designed for cloud-based companies. The capital will be used to fuel the company’s product development and support its commercialisation.
Mark Weiner, chief executive of Reduxio Systems,…
