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 is an early stage venture capital firm focusing in Social, Mobile, Local and Cloud companies that disrupt various industries. Founded in 1995, the firm has offices in Menlo Park and San Francisco, California. The firm has been recognized for its commitment to open source and is noted for creating the first equal ownership and compensation structure for its partners. General partners are Matt Cohler, Bruce Dunlevie, Peter Fenton, Bill Gurley, Kevin Harvey, and Mitch Lasky. Since its founding...
Bill Gurley is the Member Of The Board Of Directors at Uber Inc. Bill Gurley has spent over 10 years as a General Partner at Benchmark. He joined in 1999 after spending two years as a partner with Hummer Winblad Venture Partners. His current investments and board seats include, Brighter, DogVacay, GrubHub, Linden Lab / secondlife, Nextdoor, OpenTable, Sailthru, Scale Computing, Uber, UBNT, Zillow.com . Before entering the venture capital business, Bill spent four years on Wall Street as a top-ranked research analyst, including three...
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