Storage startup CloudByte raises $4M
- Cromwell Schubarth
- Senior Technology Reporter- Silicon Valley Business Journal
- Email | Twitter | Google+
Campbell-based CloudByte is led by CEO Greg Goelz, a former general manager at SanDisk Corp. who was brought on board earlier this month.
"What we offer is a way for customers to put together and manage the storage they need at the click of a mouse," Goelz told me. A big customer use is for research and testing, where storage needs can fluctuate wildly.
"You may need it now and might not need it tomorrow," he told me. "The key is that your need will change and we provide a way to provide the storage when you want it."
The new funding was led by Fidelity Growth Partners India, the private equity arm of Fidelity Worldwide Investment. Existing investors Nexus Venture Partners and Kae Capital also invested in the round.
CloudByte has now raised a total of $6.1 million.
The company was founded in 2011 by a group that includes Chief Operating Officer Srivibhavan Balaram, Chief Technology Officer Felix Xavier and engineering chief Umasanker Mukkara.
While its headquarters is here in Silicon Valley, CloudByte's research team and much of its nearly 50-employee work force is based in India.
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Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.
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