Follow the Money: 10 Recent Tech VC Investments To Watch In August


Maginatics

Headquarters: Mountain View, Calif.

CEO: Amarjit Gill
New Funding: $17 million
Round: B
Backers: Intel Capital, WestSummit Capital, Comcast Ventures, Atlantic Bridge, VMware

Since 2010, Maginatics has worked to provide distributed enterprise storage solutions through its flagship program Maginatics File System (MagFS), which offers network attached storage (NAS) when it would otherwise be unavailable. The company plans to use the new funding to grow marketing efforts, expand the company globally and spread MagFS to more users, according to the firm's press release.

 



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