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Andreessen Horowitz leads $30m Series B round for DataGravity

30 Jan 2013

Paula-Long-CEO-New-150x150_sqSilicon Valley venture capital heavyweight Andreessen Horowitz has led a $30m Series B investment round for DataGravity, an early-stage company that says its mission is to turn data into information.

Previous investors Charles River Ventures and General Catalyst Partners also participated in the round, the funding from which will be used to advance product development and scale marketing and sales efforts to support the company’s go-to-market strategy, it said.

DataGravity’s mission is to turn data into information by developing products that will remove the need for complex software packages and help IT managers and administrators extract value and information from stored data.

The company’s founding team comprises Paula Long, pictured, one of the founders of EqualLogic, which was acquired by Dell in 2008, and John Joseph, former vice president of marketing and product management at EqualLogic.

“There’s a renaissance underway in enterprise computing, and DataGravity is among the pioneering companies doing the hard work of solving intractable enterprise challenges,” Andreessen Horowitz partner Peter Levine, will join the DataGravity board of directors, said in a statement.

“DataGravity is positioned to be in front of a potentially enormous market, and the management team’s technical and operational expertise has the experience to lead it. For me, that’s an unbeatable value proposition.”

Levine joins existing DataGravity board members David Orfao, managing director at General Catalyst Partners; and Bruce Sachs, general partner at Charles River Ventures.

“Peter Levine was extremely influential in the last storage market transformation and it seems fitting that he will be part of a new wave of innovation by companies like ours,” said Long.

“With this funding, DataGravity will move forward in addressing the enterprise mandate to radically change the way IT extracts information from data.”

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