Ocarina Networks, a start-up based in San Jose, California, closed a $20 million Series B round of financing for its online storage optimization technology.
Ocarina's leverages patented content-aware compression and object deduplication technologies to reduce the space taken by online file data by up to 90%. This is accomplished in three steps: extract, correlate and optimize. As a result, the company claims this can drastically reduce capital and operational expenses for businesses faced with soaring storage costs.
Ocarina has also joined forces with a majority of the industry's leading primary storage vendors to integrate or co-market its solutions. These Ocarina-enabled solutions seamlessly snap into existing storage systems and allow customers to store the same amount of data on significantly fewer disks, freeing up space for new files, and reducing capital expenditures without compromising capacity or performance.
The new funding was led by JAFCO Ventures with significant participation from Series A investors Kleiner Perkins Caufield & Byers and Highland Capital Partners. As part of this transaction, Joe Horowitz, a general partner of JAFCO Ventures, will join the Ocarina Board of Directors.
http://www.ocarinanetworks.com
- Ocarina is headed by Murli Thirumale (CEO), who previously was Group Vice President and GM of the Citrix Advanced Solutions Group, where he led the SSL-VPN division (acquired via Net6).
