Nexsan Raises $17 Million for its Storage Solutions

Nexsan Technologies, a start-up based in Woodland Hills, California secured $17 million in venture capital funding for its storage solutions. The company's product line includes an enterprise-class RAID array combining its own ATA technology and high capacity ATA disk drives. Nexsan also recently delivered the "ATAbaby Twins", which offer the flexibility of deploying a system as a local disk-to-disk backup device or at a remote site to support long-distance backup or remote data replication over IP connections. The new funding was led by VantagePoint Venture Partners and included RRE Ventures, Gesfid First Gen-e and a syndicate of individual investors formed by Beechtree Capital.
http://www.nexsan.com