Intel Capital, chip maker Intel’s corporate venturing unit, has co-led a $25m series B round for US-based data storage software provider Maxta.
Venture capital firm Tenaya Capital was jointly involved, and there was also participation by existing investor Andreessen Horowitz.
Maxta has created an enterprise software platform that eliminates the need for external storage systems. It will use the funding for product expansion and to increase its marketing, sales and support efforts.
The round brings the total raised by Maxta to $35m in six months, after the company closed a $10m series A round from Andreessen Horowitz in November 2013.