Gear6 secures $10 Mn financing round
Mountain View: Gear6, accelerating I/O for real time application performance, today announced it has secured a $10 million dollar financing round led by Horizon Ventures. Existing investors U.S. Venture Partners and InterWest Partners also participated in the round. The funds will be used to bolster the company's market expansion being fueled by increasing demand for its CACHEfx line of scalable caching appliances. Centralized storage caching is rapidly emerging as the most simple and cost-effective way to increase data center application performance while dramatically reducing total storage costs.
"The company's products showcase the kind of compelling customer rewards we expect when investing in new, industry-transforming solutions. CACHEfx appliances not only deliver significant performance improvements by eliminating I/O bottlenecks, but substantially reduce customers' total storage costs, a vital ingredient for data center growth worldwide," said Doug Tsui, Managing Director at Horizon Ventures.
This financing comes during a time of significant momentum for Gear6. Since launching the CACHEfx line of scalable caching appliances in 2007, Gear6 has announced customer wins in financial analytics, energy and exploration, and computer animation.
siliconindia news bureau
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