Two Storage Startups Prove Some VC Funds Are Available

Mountain View, Calif.-based 3ware, a developer of RAID solutions based on Serial ATA hard drives, this week completed a $26 million round of financing.

The funds came from U.S. Venture Partners, New Enterprise Associates, VantagePoint Venture Partners, Selby Venture Partners and others, company executives said.

The funds will be used to further product development and expand worldwide marketing and sales programs.

Also this week, Sistina Software, a Minneapolis-based developer of software for sharing data across multiple storage devices in a SAN and for Linux-based clusters, got $10 million in its second round of funding. Investors included Crescendo Ventures, Validus Partners and St. Paul Venture Capital.

Both 3Ware and Sistina use the channel to deliver products. One of Sistina's products, in fact, is the first cluster file system solution for Linux on IBM mainframes. The company is working with Mainline Information Systems, a Tallahassee, Fla.-based IBM channel partner, to deliver the solution.