ITPT

Mar 24, 2017

Reduxio secures a new VC round

Reduxio Systems (www.reduxio.com), new storage innovator, continues its journey towards a large adoption and market penetration. The company has just raised a new VC round of $22.5M series C led by C5 Capital and fueled by the in-place investor. It's a real sign of confidence and the company got a total of $32M.
The team has made huge efforts for a few months to promote and market their new approach to storage thanks to a brilliant team and a radical new design to solve real enterprise data storage challenges. This financial event supporting a new philosophy confirms the trend towards a rich storage array with embedded enterprise data services and the need for data mobility. If you wish more details, I invite you to read the previous 2 posts I wrote in November (2128) following the visit of the Reduxio R&D center in Israel. Reduxio is ready for a great 2017, we expect to meet them again during our next visit in Israel in October.

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