Tech Company Financing Transactions

Proximal Data Funding Round

Avalon Ventures and Divergent Ventures participated in a $2 million Series B funding round for Proximal Data. This venture round was announced on 4/2/2013.

Transaction Overview

Company Name
Announced On
4/2/2013
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Series B
Investors

Avalon Ventures (Steven Tomlin)

Divergent Ventures (Kevin Ober)

Proceeds Purpose
Proximal Data will use the funds to increase its sales distribution channels and extend its current market success to include more global markets, as well as further advance the storage I/O caching capabilities of AutoCache, its fast virtual cache software.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
3655 North 1st St.
San Jose, CA 95134
USA
Email Address
Overview
Proximal Data's founders have enjoyed decades of success in the enterprise storage business. We believe that there are three underlying trends driving the need for our fast virtual cache solution.
Profile
Proximal Data LinkedIn Company Profile
Social Media
Proximal Data Company Twitter Account
Company News
Proximal Data News
Facebook
Proximal Data on Facebook
YouTube
Proximal Data on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Oh-Hyun Kwon
  Oh-Hyun Kwon LinkedIn Profile  Oh-Hyun Kwon Twitter Account  Oh-Hyun Kwon News  Oh-Hyun Kwon on Facebook
President
Kinam Kim
  Kinam Kim LinkedIn Profile  Kinam Kim Twitter Account  Kinam Kim News  Kinam Kim on Facebook


 

 

Browse more venture capital transactions:

Prev: 4/1/2013: Cornerstone Pharmaceuticals venture capital transaction
Next: 4/2/2013: Sport Ngin venture capital transaction

 

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Where The Data Comes From

We document funding rounds that are announced publicly. All VC database entries on this site come from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.

 


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