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History 2003: Transfusions of Fresh Equity in More-or-Less “Established” Storage Start-Ups

Mountain View Data, Deepfile, Storage Alliance, RASilient, EVault, Atempo, LiveVault, Arsenal Digital Solutionsn AppiQ, Incipient, Equallogic, LeftHand Networks, Aristos Logic, Matrix Semiconductor

The most recent transfusions of fresh equity in more-or-less “established” storage start-ups:

  • A sum of several million dollars, the exact amount of which was not disclosed, has been invested into Mountain View Data by companies including Hitachi and ADTX, a storage hardware vendor.
  • $1 million for SAM company Deepfile, involved in NAS software.
  • $1 million for Storage Alliance, specialized in storage for the petroleum industry.
  • $4 million in its first financial round for RASilient Systems, in networked storage for SMBs.
  • $6 million for EVault, in D2D backup.
  • $6.2 million for Atempo, publisher of Time Navigator software.
  • $10 million for storage service provider LiveVault, which raised $20 million since late 2001.
  • $10.5 million for SSP Arsenal Digital Solutions, which will have raised a total of more than $63 million.
  • $12 million for storage software firm AppiQ in its 2nd round of VC financing, bringing the total funds raised to $20 million.
  • $15 million for software company Incipient, bringing its total to $25 million.
  • $15 million for a new total of $27 million for Equallogic, involved in iSCSI storage arrays.
  • $20 million for LeftHand Networks, specialized in IP storage arrays, bringing the total equity investment to $39 million.
  • $20 million for Aristos Logic in storage processing engines, for a total of $53.5 million in three rounds. 
  • $52 million by Matrix Semiconductor, developer of a new 3D solid-state non volatile memory, for total funding of $147 million; Seagate Technology among its new investors.

This article is an abstract of news published on issue 183 on April 2003 from the former paper version of Computer Data Storage Newsletter.

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