Intransa raises "major" round for storage product — but isn't saying just how much

Intransa, a San Jose company that offers a network storage product, said it has raised a “major” new investment round, but is mum on exactly how much.

Because the valley is a small place, VentureBeat will probably find out the amount soon, and we’ll be able to tell whether this “major” or not.

The six-year-old company has had a rocky recent history — apparently producing a decent product but suffering a nasty split with its chief executive and other members of his team a little more than a year ago. It has raised at least $74 million in previous rounds. The latest funding suggests its backers think its product is ready for a big-time distribution push.

The round was led by Guggenheim Venture Partners. Also participating are Menlo Ventures and U.S. Venture Partners.

In a statement, F. Javier Fernandez, Ph.D. Managing Director, at Guggenheim Venture Partners, said: “…We think that their latest breakthrough in storage networking technology, which Intransa will be introducing over the coming months, represents a solution that will enable customers to experience a new level of performance not available from any other storage vendor.”

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