Greylock Israel Partners, the venture capital firm’s separate fund dedicated to investments in Israel and venture and growth equity investment firm Norwest Venture, have invested in a $12m Series A round for elastic converged storage company ScaleIO. There was also involvement from private investors including Amnon Bar-Lev, the president of network security software company Check Point Software Technologies.
ScaleIO’s founders, chief executive Boaz Palgi, chief technology officer Erez Webman, Lior Bahat, Eran Borovik, and Erez Ungar previously worked together at Topio, a developer of software for remote replication and recovery of data, which was acquired by storage systems and software company NetApp in 2006 for $160m.
The new funds will be used to expand its field operations in response to growing demand by enterprises and service providers.