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Storage Startup CloudByte Raises $4 mn Series B from Fidelity Growth Partners & Existing Investors

cloudbyte.pngVenture backed CloudByte has raised $4 million in a new round of funding from Fidelity Growth Partners India and existing investors. With this, the company has raised a total of $6.1 million in venture capital.

In June last year, CloudByte received $2.1 mn Series A funding from Nexus Venture Partners and Kae Capital.

Funds from this new investment will be used for expanding global sales and marketing in addition to product development, the company said. Earlier this month, CloudByte appointed former SanDisk General Manager Greg Goelz as its Chief Executive Officer.

CloudByte has a patented storage solution which delivers scalable commodity storage to customers. The startup was founded by a team of senior technology professionals from Novell, NetApp, HP, Juniper Networks and other companies in 2011. Its flagship product CloudByte 5.0 can be configured to run as a storage controller or a storage device.

The California and Bangalore based company has also launched ElastiStor, a solution for new age data centers. ElastiStor breaks the need for hardwiring storage to get the desired performance levels with its on-demand facility, which the company claims to cut 80-90% cost  with simplified management to enterprises and CSPs.

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