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
San Jose, CA 95134
USA
Phone
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Oh-Hyun Kwon
President
Kinam Kim
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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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