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Tenaya, Sequoia Growth lead $65m Series D financing for Kaminario

19 Jun 2012

New investors Tenaya Capital and Sequoia Capital Growth Equity have brought computer storage solutions company Kaminario’s total financing to $65m through a Series D round.

Previous investors Sequoia Capital, Globespan Capital Partners and Pitango Ventures also took part in the round, which Kaminario said would be used to draw in new clients and develop its technology.

The company makes solid-state computer storage devices, which have increased performance over magnetic disks as they include no mechanical parts.

Sequoia Capital managing partner Haim Sadger said, “Kaminario has achieved tremendous growth in the market and proven its storage innovation in numerous customer engagements in which application responsiveness and data reliability were essential to business success.

“We are convinced that Kaminario will be a major force in the enterprise storage market in the future.”

The company said it will use the funding to add new senior management positions geared towards expanding operations and entering new markets.

Last August Tenaya led a $10m Series E round for India’s largest social network SMS GupShup.

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