Tech Company Financing Transactions
Amplidata Funding Round
Amplidata, based in Milpitas, secured $11 million in funding from Intel Capital, Endeavour Vision and Hummingbird Ventures.
Transaction Overview
Company Name
Announced On
3/24/2014
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Undisclosed
Investors
Intel Capital (Lead Investor)
Endeavour Vision (Dominique Pitteloud)
Proceeds Purpose
Amplidata will use the funding to drive the next phase of growth by expanding its sales and marketing initiatives and investments in its research and development team to further advance true cloud-scale storage economics.
Company Information
Company Status
Acquired or Merged
Industry
Storage
Mailing Address
1551 McCarthy Blvd. 204
Milpitas, CA 95035
USA
Milpitas, CA 95035
USA
Phone
Website
Email Address
Overview
Amplidata provides unbreakable storage technology that is ten thousand times more reliable than current RAID based technologies, requires 50-70% less storage and power and 90% less expensive than current storage solutions. The Amplidata Optimized Object Storage fundamentally changes the way how data is stored and scales up to zettabytes.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Mike Wall
Chief Financial Officer
Mitch Underseth
Chief Operating Officer
Wouter Van Eetvelde
Chief Technical Officer
Wim De Wispelaere
VP - Bus. Development
Sam Sirisena
Browse more venture capital transactions:
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