SAN DIEGO – April 15, 2009 – Nirvanix
, a leading enterprise Cloud Storage service provider, today announced that it has raised an additional $5 million in funding from original investors Intel Capital, Mission Ventures, Valhalla Partners and Windward Ventures, bringing the total amount provided to over $23 million
Nirvanix will use the funds to expand its enterprise service offerings utilizing experiences gained from managing storage for its worldwide customer base.
In its first 18 months, Nirvanix has launched the global Storage Delivery Network™ (SDN), standing up five nodes in the US, Europe and Asia. In addition, the company introduced its award winning CloudNAS®, making cloud storage integration into enterprise environments a simple turn-key process and has signed up more than 500 business customers worldwide, including leading Fortune 10 and Media & Entertainment companies.
“Nirvanix continues to be a leader with its innovative approach to providing enterprise customers with next-generation long-term data retention,” said Bryan Wolf, Managing Director of Intel Capital. “We have been impressed with the company’s ability to execute and the position they’ve achieved. We are confident that continued investment in Nirvanix will result in increased opportunities in a rapidly expanding industry.”
“We are pleased that Nirvanix’s progress has given our investors the confidence to extend their investment, especially in these unprecedented economic conditions. This latest round of funding will allow us to expand the business to take advantage of the opportunities we have uncovered working with our existing customers.” said Jim Zierick, President and CEO of Nirvanix. “The dramatic increase in demand for Cloud Storage will continue to grow as enterprises look for new ways to cost-effectively manage data growth as the economy stresses IT and storage management budgets.”
About Nirvanix
Headquartered in San Diego, California, Nirvanix is privately held and has raised more then $23 million in funding from world-class investors including Intel Capital, Valhalla Partners, Mission Ventures, Windward Ventures, and the European Founders Fund. Nirvanix has over 500 customers ranging from Internet startups to Fortune 10 organizations, including Arizona State University, Nero, and The Planet, among others.
For more information about the company and its services, visit www.nirvanix.com.
About Intel
Intel (NASDAQ: INTC), the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at http://www.intel.com/pressroom.
About Intel Capital
Intel Capital, Intel’s global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger. In 2008, Intel Capital invested about US$1.59 billion in 169 investments with approximately 62 percent of funds (excluding Clearwire) invested outside North America. For more information on Intel Capital and its differentiated advantages, visit http://www.intelcapital.com.
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