Gridstore Raises €1.5 Million

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Irish data storage firm raises €1.5m to fund expansion
Gridstore, an Irish data storage specialist backed by Iona Technologies founder Chris Horn, has raised €1.5 million in a fundraising round involving NCB, Ulster Bank Diageo Venture Fund and State agency Enterprise Ireland. Dublin-based Gridstore is a developer of new technology known as network-attached storage grids, which are powerful systems for data storage that are designed to avoid the limitations of conventional storage products.