US-based data storage company Exablox raised $16m in series C funding yesterday from investors including Dell Ventures, the corporate venturing unit of computer manufacturer Dell.
Venture capital firms DCM Ventures, Norwest Venture Partners and US Venture Partners also participated in the round. Exablox previously secured $7.5m in a 2011 series A round and $15m in a 2012 series B from DCM, Norwest and US Venture Partners
Founded in 2010, Exablox has developed a scalable storage device called OneBlox, which is aimed at small and medium-sized enterprises, enabling them to expand their on-site storage by adding additional hard drives that are automatically recognised by the system.
OneBlox can be managed through a dedicated online platform, enabling troubleshooting on and off-site.
Alan Atkinson, general manager of Dell Storage, said: “Exablox has a unique storage architecture that delivers the benefits of object-based storage to the mid-market, without the associated complexity.
“OneBlox offers a powerful, yet simple, solution that enables IT organisations to rapidly deploy systems and applications.”