Deals

Terascala raises $14M for “fast data” storage

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Boston-based cloud data storage company Terascala has raised $14 million in second-round funding for its parallel storage appliances.

Terascala’s main product, called Terascala Integrated Storage Information System (TISIS), helps businesses process and store huge amounts of data more effectively using the Lustre file system. Lustre is a file system used in computer clusters and supercomputers to process petabytes of data. TISIS also provides analytics such as bandwidth usage, capacity consumption, client node access, and specific job resource usage, according to the company’s website.

The company has collaborated with Dell to create open storage options for Linux clusters, which are used by universities and research institutions, and for software development.

Competitors to Terascala include Panasas, which offers parallel file-storage appliances similar to Terascala’s.

Ascent Venture Partners and undisclosed investors completed the investment, which is a combination of $10.6 million in equity and $3.4 million in escrow, Mass High Tech reported.

Terascala is based in Avon, Mass. and has raised a total of $16.8 million, including this new investment. The company was founded in 2005.

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