Agami Systems raises $45 Mn in series C financing
Sunnyvale: Agami Systems, a provider of enterprise network storage systems with integrated live file system replication announced that it has currently closed $45 million in Series C financing and has an option to extend the round. The funding, led by Advanced Equities, with participation from current investors New Enterprise Associates (NEA), Kleiner Perkins, APEX Venture Partners, Alta Partners, TIF Ventures and Duff Ackerman Goodrich, and new investments from ITOCHU Corporation and David Stiles (CEO), will be used to boost sales and marketing activities in order to grow market share for the company's unified NAS/IP SAN Agami Systems Information Server and future offerings. "Advanced Equities' participation in this financing round along with the continued commitment from our existing and new investors is strong validation of our business model and value proposition," said David Stiles, CEO, Agami Systems. "By utilizing this round of funding to accelerate our sales and marketing initiatives, Agami Systems looks forward to growing our target markets with our differentiated and innovative storage solutions while we prepare for upcoming expansion to our product portfolio." Formed in 2003, since its inception, Agami Systems has raised a total of $85 million in financing. Agami Systems solutions integrate seamlessly into customers' existing infrastructure and applications and are compatible with the leading enterprise storage management software products.