Toshiba upgrades Exablox series C to $23m

May 19, 2015 • Thierry Heles

Toshiba America Electronic Components has joined the data storage technology provider's series C round with a $7m investment, expanding the round to $23m.

US-based data storage company Exablox has extended its series C round to $23m following a $7m investment from Toshiba America Electronic Components, a subsidiary of electronics conglomerate Toshiba.

Exablox raised an initial $16m tranche from Dell Ventures, the corporate venturing unit of computer manufacturer Dell, in February 2015. Venture capital firms DCM Ventures, Norwest Venture Partners and US Venture Partners also participated in the first tranche.

Founded in 2010, Exablox has secured a total of $45.5m to date, raising…

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