Intel Capital Invests in Nirvanix
This is a Press Release edited by StorageNewsletter.com on December 20, 2007 at 3:39 pmNirvanix has added Intel Capital, a leading venture capital organization, to its investor base. The investment will provide the Company with additional opportunities to further technology advancements of its Storage Delivery Network optimized for media applications, and further accelerate its global build-out of storage nodes to meet swelling demand for its online storage service.
“We are thrilled to have Intel Capital join our trusted Tier 1 investor mix. This enables us to build-out the world-wide network to meet growing demand,” said Patrick Harr, Nirvanix CEO. “Increasingly, large Fortune™ 500 corporate divisions and small Web 2.0 startups are realizing the efficiency and cost savings of building applications to the Nirvanix storage API. Our worldwide Storage Delivery Network, when compared to building or renting and running new data centers, is without peer.”
Nirvanix provides businesses with storage-as-a-service (SaaS), and is addressing the challenges associated with the explosive growth of user-generated content and digital media with its corresponding demand for storage. The company’s Internet-scale storage delivery network, powered by the patent-pending Internet Media File System (IMFS), empowers developers with a powerful, yet affordable, solution for storing and distributing user-generated content and other digital media.
“With the notable user increase in Web 2.0-based online media applications and information, a fast and affordable storage platform and service is required,” said John Mascarenas, investment manager, Intel Capital, “Nirvanix provides the next generation of storage that optimizes the delivery of user generated Web content.”
Subscribe to our free daily newsletter
