Maxta With $25 Million in Series B, Total at $35 Million

Maxta,Inc., developer of the VM-centric storage platform MxSP that turns standard servers into a converged compute and storage solution for virtualized environments, announced that it has closed a $25 million Series B funding round led by new investors Tenaya Capital and Intel Capital.

Existing investor Andreessen Horowitz also participated in this round.

Maxta will use the new funding to increase its investment in product development and to expand its marketing, sales and support efforts.

The Maxta Storage Platform is a hypervisor-agnostic, highly resilient enterprise storage platform for the virtual data center. It integrates with server virtualization at all levels from user interface to data management, while supporting all possible deployments of virtual data centers, including private, public and hybrid clouds. Through its software-only solution, Maxta turns standard servers into a converged compute and storage solution. This results in simplicity and economics eliminating the need for traditional storage arrays in the virtual datacenter.

“We are very excited about Maxta’s disruptive technology and the value they bring to customers,” said Brian Paul, MD, Tenaya Capital. “By providing Maxta with the working capital they need to rapidly expand their business, I anticipate their innovative MxSP storage solutionwill see increased adoption rateswith users who can now make the most of theirserver virtualization investment without giving up enterprise data services.“

“We see converged, software-defined storage as an innovative trend in virtualized enterprise IT that drives efficiency, ease of use and costs,” said ArvindSodhani, president, Intel Capital, and EVP Intel Corp. “The investment in Maxta is a way to accelerate this trend, while supporting Intel’s innovation strategy, and it helps change the economics of storage for customers.”

“As the original investor in the company, we have long believed that Maxta will redefine the enterprise storage landscape through its innovative converged storage platform,” said Peter Levine, partner, Andreessen Horowitz. “We are pleased to continue our support of this vision by being a part of the latest funding round, which will help Maxta scale its own infrastructure to meet the pent-up demand for solutions that meet all the needs of today’s virtual data center.”

“Closing this funding round with such stellar investors is a clear validation of our approach to simplifying and streamlining IT by thinking outside the storage box,“said Yoram Novick, Maxta founder, president and CEO.”This infusion of funds will be used to expand product innovation and scale our business to accelerate the adoption of the virtual data center.”

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In software-defined storage for virtualization