Panasas expanding market for parallel storage systems
Enterprise storage is a market dominated by big companies. But Panasas has found a niche providing parallel storage systems for the biggest supercomputers. The company has raised $25 million in a fifth round of funding, VentureBeat has learned.
The Fremont, Calif.-based company declined to comment on the funding. The round was led by Focus Ventures of Palo Alto, Calif. Other investors included Mohr Davidow Ventures, Carlyle Venture Partners, Centennial Ventures, and Northgate Capital Partners.
The company’s web… Continue Reading
Panasas, a data storage company, raises $10M in debt
ORIX Venture Finance has loaned $10 million to Panasas, a Fremont, Calif. data storage systems company, reports VentureWire today (sub required).
Since 2000, Panasas has raised nearly $75 million from Centennial Ventures, Intel Capital, Novak Biddle Venture Partners and the Carlyle Group.
(Originally published 5/23)