Storwize takes $19M for data compression
Storwize, a San Jose, Calif. company that makes data compression products for enterprise use, has taken a $19 million third round of funding led by Sequoia Capital, and joined by previous investors Bessemer Venture Partners and Lehman Brothers Venture Partners.
Storwize’s product reduces the volume of stored data while keeping it accessible and preventing degradation, according to the company. It cuts down on the amount of physical space required for data storage, and claims to also… Continue Reading
Imprivata, a secure access innovator, raises $15M
Imprivata is a Lexington, Mass. company that is working on single sign-on authentication technology, which consolidates all of a corporate user’s accounts to a single password and adds additional security measures to prevent hackers.
The company’s software works together with physical location trackers like keycards, so that an employee’s account will be unusable if, for instance, his location tracker shows him to be in a different place than the computer he’s logging in at.
SAP Ventures provided… Continue Reading