History 2004: Financial of Several Storage Start-Ups

Astute Networks has closed a $15 million second round of venture capital. A first round totaled $16 million for the fabless semiconductor manufacturer that has developed an intelligent processor for handling TCP/IP and FC protocol.

Onaro, involved in the SAN control and management, has closed a $7.75 million second round of financing.

Following its recent third round of financing for $15.5 million, Isilon Systems has raised a total of $38.9 million to develop its digital content storage technology.

Terrascale Technologies, based in Montreal, Canada with offices in Albuquerque, NM, has raised $2.75 million for its first round of financing. Founded in 2002, this company offers software to provide linearly scalable parallel access to unified pools of data for clustered Linux server. Co-founders Gautham Sastri, president and CEO, and Lain Findleton, VP engineering, both hail from NAS firm Maximum Throughput.

This article is an abstract of news published on issue 196 on May 2004 from the former paper version of Computer Data Storage Newsletter.