Maxta With $25 Million in Series B, Total at $35 Million

»»Maxta With $25 Million in Series B, Total at $35 Million

shxne1PM_400x400Maxta,Inc., developer of the VM-centric storage platform MxSP that turns standard servers into a converged compute and storage solution for virtualized environments, announced that it has closed a $25 million Series B funding round led by new investors Tenaya Capital and Intel Capital.

Existing investor Andreessen Horowitz also participated in this round.

Maxta will use the new funding to increase its investment in product development and to expand its marketing, sales and support efforts.

The Maxta Storage Platform is a hypervisor-agnostic, highly resilient enterprise storage platform for the virtual data center. It integrates with server virtualization at all levels from user interface to data management, while supporting all possible deployments of virtual data centers, including private, public and hybrid clouds. Through its software-only solution, Maxta turns standard servers into a converged compute and storage solution. This results in simplicity and economics eliminating the need for traditional storage arrays in the virtual datacenter.

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2014-05-23T14:16:14-06:00