History 2004: Mempile and XOsoft Raised Money

Last February, Mempile completed an $11.6 million second investment round, which it added to the $5.5 million already raised. Among its new investors, we noticed Hitachi CSK. A company with 23 workers, based in Colorado Springs, CO and Neve llan, Israel, it is working on a 1TB removable 3D optical disc and its drive.

In real-time replication software, XOsoft has raised $9 million for its 4th financing round since the inception of the company in 1999. Total financing is now at nearly $30 million.

This article is an abstract of news published on issue 199 on August 2004 from the former paper version of Computer Data  Storage Newsletter.

Note: Mempile apparently closed in 2009 and XOsoft was acquired by CA in 2006.