Ario’s storage product focuses on RAID, Blade and Bridge technologies.
VentureWire (sub required) suggests the sale was made at a loss, but we haven’t confirmed this:
After pumping $44 million into Ario Data Networks Inc. and seeing it through a recapitalization, the company’s VC investors decided to bow out by selling off the network storage maker’s assets for an undisclosed price.
…It was just three months ago that the San Jose start-up closed the final tranche of its $8 million Series A-1 recapitalization round, co-led by existing investors Clearstone Venture Partners and Partech International, with participation from Mellon Ventures, Evercore Partners, Anthem Venture Partners and Sunsino Ventures Group.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform
- networking features, and more