Agami Systems takes $45M for network storage
Agami, a Sunnyvale-based storage company, has raised a further $45 million in funding, coming near to the $50 million we reported the might be seeking in November.
The company also has an option to extend the funding round, its third. Advanced Equities led, and was joined by previous investors New Enterprise Associates, Kleiner Perkins, APEX Venture Partners, Alta Partners, TIF Ventures and Duff Ackerman Goodrich, and new investor ITOCHU Corporation, as well as CEO David Stiles.
Agami makes its own enterprise network storage systems, and competes with companies like 3Par. The company has raised $109 million to date, which suggests that it might be shooting for an IPO at some point.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.