Tech Company Financing Transactions
Maginatics Funding Round
On 8/21/2013, Maginatics raised $17 million in Series B funding from Intel Capital, Atlantic Bridge Ventures and Comcast Ventures.
Transaction Overview
Company Name
Announced On
8/21/2013
Transaction Type
Venture Equity
Amount
$17,000,000
Round
Series B
Investors
Intel Capital (Lead Investor) (Dharmesh Thakker)
Proceeds Purpose
Maginatics will use the investment to scale sales, marketing and support to fuel growth in the US and internationally and increase the pace of adoption of the company's flagship product, MagFS (Maginatics File System).
Company Information
Company Status
Private & Independent
Industry
Storage
Mailing Address
888 Villa St. 210
Mountain View, CA 94041
USA
Mountain View, CA 94041
USA
Phone
Website
Email Address
Overview
Maginatics simplifies and modernizes enterprise storage with a software-only solution that brings the agility and economics of object storage ("cloud storage") into the enterprise in a way that meets the most stringent security, scalability and data accessibility requirements.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Amarjit Gill
VP - Marketing
Scott Ellman
VP - Product Management
Bruno Raimondo
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