NextIO, a US-based provider of data centre consolidation and networking services, has raised $12.3m in its series F round from a consortium including a strategic investor – understood to be Korea-based conglomerate Samsung.
Although NextIO said its latest round came from "existing investors and an undisclosed strategic investor," the company’s regulatory filing showed Jay Chong, investment director at Samsung’s US corporate venturing unit, as a director on its board.
US-based computer company Dell had previously reportedly not taken part in US-based data centre company Nextio’s earlier $8.5m round in August last year, despite previously investing in the company.
That 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.