Reduxio Raises $22 Million Series C Funding For Hybrid IT Data Storage

Reduxio Systems, the innovation leader in storage and data management solutions for the enterprise with to-the-second BackDating™ recovery capability, announced it has secured $22.5 million of its Series C funding in a round anticipated to total up to $32 million. The round was led by London-based C5 Capital, a specialist investment manager focused on cyber security, data analytics and cloud computing. This round more than doubles the amount of capital invested in the company, and will fund continued innovation and global marketing of the company’s leading software-defined storage platform.

All previous investors, including Jerusalem Venture Partners, Carmel Ventures, Intel Capital and Seagate Technology also participated in this fundraising round for Reduxio, signaling their confidence and continued support for the company’s strategy to build the leading software platform both in the cloud and on premise. C5’s investment will complement the existing investor group with a specialist focus on cloud infrastructure and cyber security, as well as a strong network that will enhance Reduxio’s growing ecosystem of channel sales and technology partners.

Get details HERE



Written by the editors, staff and interns of San Francisco Wired.

Leave a Reply

Your email address will not be published. Required fields are marked *