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)