Software storage start-up nets Andreessen Horowitz backing


Venture firm Andreessen Horowitz has closed a $10m financing round for enterprise infrastructure startup

The company is developing software-defined storage and networking technology.

Andreessen Horowitz general partner Peter Levine said, “We expect storage networking to undergo a fundamental transformation as datacenters realize their full potential as software-defined infrastructures.

“Storage networking is likely to be the next shift in enterprise infrastructure, and the team, which is made up of experts who have helped to lead and define previous trends in virtualization and storage software, will be the one to propel us forward.” CEO and co-founder Ramana Jonnala said, “We are building a solution that enables customers to make better use of both existing hardware investments and new storage technology with an integrated storage and networking architecture that scales and performs based on customers’ changing data and application needs.”

Last month Andreessen Horowitz led a $15m financing round for social media and communications company Firespotter Labs.

It was joined in the Series B round by existing investor Google Ventures.

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