US-based computer company Dell has reportedly not taken part in US-based data centre company Nextio’s latest $8.5m round, despite previously investing in the company.
The Series E round was led by venture firms Intuitive Venture Partners and included venture firms Crescendo Ventures and Adams Capital Management, according to news provider Fortune, which cited rival news provider Dow Jones VentureWire.
Existing shareholders Dell and venture firm JK&B Capital did not invest, Fortune said.
The company raised $10m in series A funding in 2004 and a $10m Series B in 2005. It raised $18m in its series C in 2008, and $15m in its series D in 2009. Other investors in the company include VentureTech Alliance. It was found in 2003.