Panasas expanding market for parallel storage systems

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… 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)

Continue Reading