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Israel’s Reduxio seals $10m from Jerusalem Venture Partners, Carmel Ventures

18 Apr 2013

Israeli venture capital firm Jerusalem Venture Partners (JVP) and Carmel Ventures have led a $9m Series A round in hybrid data storage company Reduxio Systems.

“We are seeing a paradigm shift in storage, as SSDs and 10GbE adoption rates increase. Reduxio’s novel approach is a game changer,” Said Ori Bendori, general partner at Carmel Ventures.

“We’re excited by the hybrid space and how Reduxio’s technology accelerates flash adoption in the enterprise,” added Kobi Rozengarten, general partner at JVP and a veteran of the flash memory industry, “We invested in Reduxio early and used our incubator to partner from their founding.”

JVP is one of Israel’s largest and most active venture capital funds. Established in 1993 by JVP founder and chairman Erel Margalit, it has orchestrated 25 of the largest exits in the region with 14 industry sales and 11 IPOs on Nasdaq.

With over $600m Carmel is a member of Israeli technology focused private equity investor Viola Group.

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