Storage Start-Up Gets $26M In Venture Capital Funding


Agile Storage, a start-up developer of hardware and software aimed at consolidating SAN and NAS architectures, has generated enough interest in its potential to attract a Series B round of venture capital investment worth $26 million.

The company, based here, has been in stealth mode until now and is still over six months away from introducing its first product, temporarily called the File Services Platform for Networked Storage, said Peter Tarrant, vice president of marketing.

The company's products are expected to be able to connect installed storage devices into a SAN or NAS, and will focus on managing the resulting storage pool, Tarrant said. "We will complement existing SAN and NAS products," he said. "We don't want to force customers to throw out what they already have."

Agile currently has 65 people divided between its Los Gatos, Calif.-based headquarters and a branch office in Pleasanton, Calif.

The Series B round was started in November and closed last month. Worldview Technology Partners led the round, which also included current investors Foundation Capital and Mayfield. It brings total investment in the company to $40 million.