Storage startup SwiftStack gets $6.1M to take on EMC and NetApp

SwiftStack's software defined storage solution can run on commodity hardware, and is cheaper than building a storage system from scratch.

VMware competitor CloudVelocity gets $5M to migrate apps to public clouds

Silicon Valley-based CloudVelocity has emerged from stealth mode with $5 million in investment, and a technology that aims to remove the barriers of adoption to public clouds.

Mayfield stuffs $365M into its VC warchest in just 3 months

Recession? What recession? The Mayfield Fund, one of Silicon Valley’s leading venture capital firms, has raised a $365 million fund in just about 13 weeks.

“We’re extremely fortunate to have a fund close within a few months,” said managing director …

Poshmark sees your closet as the next big e-commerce store, launches with $3.5M

Any good spring cleaner enjoys weeding out a load of clothes, shoes and bags that still have life in them, but are just taking up closet space. Poshmark launched today with $3.5 million in funding to let anyone sell their …

Mayfield Fund snags game investor Tim Chang as managing director

Venture capitalist Tim Chang is leaving Norwest Venture Partners to become a managing director at the Mayfield Fund.

Chang made a name for himself as a member of the Forbes Midas List of top 100 venture capitalists last spring, mainly …