Belgium-based data storage company Amplidata has raised $6m from a venture consortium including Switzerland’s largest phone operator.
Swisscom Ventures, the corporate venturing division of the Swiss phone group, was part of Amplidata’s round with venture capital firms Big Bang Ventures and Endeavour Vision.
In May, Big Bang provided €2.5m ($3.3m) in the first institutional funding to Amplidata, which was launched in 2008 by co-founders by Wim De Wispelaere and Wouter Van Eetvelde.
Serial entrepreneur and investor Kristof De Spiegeleer had backed the two co-founders. De Spiegeleer, De Wispelaere and Van Eetvelde had previously sold storage companies DataCenter Technologies to Symantec, Dedigate to Terremark and De Spiegeleer’s Q-Layer to Sun Microsystems.
Amplidata’s BitSpread encoding technology is 10,000 times more reliable than conventional computer storage at a tenth of the cost per terabyte, the company said. The latest funding will help the company expand into the US market.