Storwize takes $19M for data compression

Storwize, a San Jose, Calif. company that makes data compression products for enterprise use, has taken a $19 million third round of funding led by Sequoia Capital, and joined by previous investors Bessemer Venture Partners and Lehman Brothers Venture Partners.

Storwize’s product reduces the volume of stored data while keeping it accessible and preventing degradation, according to the company. It cuts down on the amount of physical space required for data storage, and claims to also lower the power requirements.

The company’s previous round of $9 million took place less than a year ago.

Next Story: QD Vision raises In-Q-Tel funding for nanoscale LED tech
Previous Story: Link_A_Media Devices, a data recovery firm, gets $22M

Tags: deal