Gear6 Secures $10 Million Financing Round

Gear6, accelerating I/O for real time
application performance, announced it has secured a $10
million dollar financing round led by Horizon Ventures. Existing
investors U.S. Venture Partners and InterWest Partners also participated
in the round.

The funds will be used to bolster the company’s
market expansion being fueled by increasing demand for its CACHEfx line
of scalable caching appliances. Centralized
storage caching is rapidly emerging as the most simple and
cost-effective way to increase data center application performance while
dramatically reducing total storage costs. The closing of this financing
round brings the total capital invested in Gear6 to $24.5 million.

“Gear6 has made great progress delivering
centralized caching solutions in the data center,”
said Doug Tsui, managing director at Horizon Ventures. “The
company’s products showcase the kind of
compelling customer rewards we expect when investing in new,
industry-transforming solutions. CACHEfx appliances not only deliver
significant performance improvements by eliminating I/O bottlenecks, but
substantially reduce customers’ total storage
costs, a vital ingredient for data center growth worldwide.”

“We are pleased to welcome Horizon Ventures as
an investor in Gear6,” said Tom Shea,
president and chief executive officer. “The
market for our CACHEfx scalable caching appliances is poised for
significant growth and this financing round gives us the opportunity to
meet increasing demand for centralized caching solutions across key
markets including performance computing, databases, business
intelligence, web-scale and virtualized environments.”

Gear6