Deals

Storewiz raises $9M for online storage compression appliance


Storewiz
, San Jose, Calif. provider of online storage
compression technology, said it has raised $9 million in a second round of funding from venture capital firm Sequoia Capital.

The company says it has had high demand from companies seeking data compression to make their network infrastructure more efficient.The company’s appliances can read the compressed data without having to decompress it.

The company’s appliances were introduced in late 2005, and allow companies to use fewer hardware devices and less power, the company says. They are sold by 30 reseller and OEM partners globally, it said.