Ocarina Networks lands $20M for content compression
Ocarina Networks, maker of software that compresses content to reduce online storage demands, announced today that it has brought in $20 million in a second round of funding to beef up its sales force, refine its technology and forge more partnerships with storage providers like Hewlett-Packard and BlueArc.
The San Jose, Calif. company claims its technology can compress data by up to 90 percent. Essentially, it can shrink 10 terabytes of data to between 1 and… Continue Reading