Cloud

CloudByte cooks up $4M for software-defined storage

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Showing VCs are more than willing to throw money at buzzword-filled startups, software-defined storage startup CloudByte has raised $4 million in new funding.

Campbell, Calif.-based CloudByte’s software promises to “guarantee quality of service to every application from a shared storage platform.” Essentially, the company’s tech brings virtualization and software-defined smarts to storage. Companies can use it to better manage storage for applications in a virtualized data center.

“While the all-flash discussion continues, our software approach allows organizations to optimize their infrastructure based on their requirements and select their preferred storage components,” CloudByte CEO Greg Goelz said in a statement.”Today, most customers are just beginning to deploy SSDs [solid-state drives] and economics is a key factor in driving their storage solutions.”

The new round was led by new investor Fidelity Growth Partners India with participation from existing investors Nexus Venture Partners and Kae Capital. Including the new round, CloudByte has raised $6.1 million.

Clouds photo via idmsoul/Flickr