Revivio secures $25M in new funding
Revivio Inc., a provider of continuous data protection products, announced that it has secured $25 million in its Series C funding round, bringing the company's total equity funding to date to $55 million. Leading the round was new investor Nomura International PLC, which was joined by existing investors Bessemer Venture Partners, Charles River Ventures, Flagship Ventures, Globespan Capital Partners and Eastward Capital Partners, as well as an additional new investor, Lighthouse Capital Partners. The capital raised will be used for further technology development.
Sanrad V-Switch preserves video for universities
Sanrad Inc., a provider of iSCSI SAN products, announced that its V-Switch is helping the University of Michigan and Indiana University in Bloomington preserve libraries of videotape documenting musical and dance traditions in digital format before the content is lost to degradation of age. The goal is to preserve the video recordings of instructors and make them accessible for future teaching and research. Implementing an iSCSI-based SAN with the Sanrad V-Switch solved the storage and file transfer problems the universities were having. The size of the video files and the speed required to transfer them between locations was problematic. The V-Switch has 2 terabytes of disk capacity attached on the SAN, and the University of Michigan's high-speed network makes it possible to write the 50 megabytes per second video files directly to the iSCSI SAN across the campus.
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Bocada reports increased revenue, more funding
Bocada Inc., a provider of data protection software, announced that net invoiced sales for 2004 more than tripled from 2003. In addition, average initial license purchases per new customer increased by more than 150% year over year, and annual support renewals for Bocada software exceeded 95% in 2004. Bocada also closed a $9.5 million Series C Preferred stock financing round. The funds will be used to increase the company's investment in distribution and marketing. The Series C round was led by new investor Partech International. Existing investors, including Madrona Venture Group, Second Avenue Partners, Guide Ventures and Catamount Ventures, all participated in the round.