Terascala, a US-based data storage company, has raised $14m in its series B round, with about half the money coming from undisclosed strategic investors.
Venture capital firm Ascent Venture Partners provided the remainder of the round and makes up half of Terascala’s four-person board. In its regulatory filing, Terascala said it was seeking up to $16.35m.
Founded in 2005, Terascala has computer companies Dell, EMC and NetApp among its partners.
Steve Butler, chief executive of Terascala, said: "Our pioneering work in developing a software stack that delivers optimized, scalable I/O [input/output] on industry-standard storage appliances enables organizations to accelerate big data applications, and clearly, industry leaders are taking notice."