Benchmark Capital is placing a rather hefty bet on Indiana-based SAN startup Scale Computing – they’ve led a $9 million Series B round of financing and Partner Bill Gurley joins the company’s board of directors.
Existing investors Blue Chip Venture Company, CID Equity and Spring Mill Venture Partners also participated in the round.
Scale Computing sells storage hardware – actual machines with a proprietary software layer – to mostly small and medium sized businesses. The low end product is 3 Terabytes of usable storage for around $10,000, and additional storage can be purchased and added to the cluster from there. The company, which competes with HP’s Left Hand Storage, Dell’s EqualLogic and others, now has over 100 customers, says Gurley, and is growing fast.
Scale Computing is a developer and manufacturer of complete, end-to-end midmarket clustered storage solutions. Based on Scale’s Intelligent Clustered Storage™ (ICS) technology, Scale’s storage portfolio aims to reduce costs while increasing control, as well as make storage management more convenient for IT administrators. The Starter Cluster line of products provides enterprise-class, truly clustered storage features at a fraction of the price of comparable solutions. IT managers are able to build out storage clusters, starting with just 6 terabytes (raw)...
Benchmark Capital is a venture capital firm specializing in early stage investments. The firm’s initial investments typically sit in the $3 million to $5 million range, and over the lifetime of a relationship the firm will often invest $5 million to $15 million in a portfolio company. Benchmark Capital was founded in 1995 and is based in Menlo Park, California with an additional office in Herzliya Pituach, Israel. In 2007, London-based Benchmark Europe became an independent firm, named...
“Bill Gurley joined Benchmark Capital in 1999 after spending two years as a partner with Hummer Winblad Venture Partners. Before entering the venture capital business, Bill spent four years on Wall Street as a top-ranked research analyst, including three years at CS First Boston focusing on personal computer hardware and software. His research coverage included such companies as Dell, Compaq, and Microsoft, and he was the lead analyst on the Amazon IPO. In both 1995 and 1996, Bill was a...
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