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Intel, Tenaya help storage technology startup Maxta raise $25m

7 May 2014

data storage_lrgIntel’s venture capital arm has led a $25m Round B for storage technology specialist Maxta alongside Tenaya Capital.

Existing backer Andreessen Horowitz also participated in the round, which Maxta will use to invest in product development and expand its sales and marketing activities.

Masta said its technology eliminates the need for traditional storage arrays in the virtual data center, resulting in greater simplicity and eocnomics.

Intel Capital president Peter Levine said, “As the original investor in the company, we have long believed that Maxta will redefine the enterprise storage landscape through its innovative converged storage platform.

“We are pleased to continue our support of this vision by being a part of the latest funding round, which will help Maxta scale its own infrastructure to meet the pent-up demand for solutions that meet all the needs of today’s virtual data center.”

Other companies backed by Tenaya include cloud-based mobile services platform ItsOn, which raised $12.5m in a Series C led by the firm last month.

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