Starboard Storage Systems Closes $13 Million Series B Round of Funding Accelerates Market Momentum - Central Coast News KION/KCBA

Starboard Storage Systems Closes $13 Million Series B Round of Funding Accelerates Market Momentum

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SOURCE: The Compass Group

Starboard Storage Systems™ Inc., an innovator in Application-Crafted Storage™ for simplifying the management of mixed workloads, today announced that it has received $13 Million in their Series B round of funding. JP Ventures GmbH and existing investor Grazia Equity GmbH participated in the round. JP Ventures is a leading venture investor in technology start-up companies, headquartered in Öhringen, Germany. Grazia Equity is based in Stuttgart and Munich, Germany and is one of Europe’s top names in venture capital. The Grazia Equity and JP Ventures teams have helped to build over 40 successful European and American businesses.

Broomfield, CO (PRWEB) May 14, 2012

Starboard Storage Systems™ Inc., an innovator in Application-Crafted Storage™ for simplifying the management of mixed workloads, today announced that it has received $13 Million in their Series B round of funding. JP Ventures GmbH and existing investor Grazia Equity GmbH participated in the round. JP Ventures is a leading venture investor in technology start-up companies, headquartered in Öhringen, Germany. Grazia Equity is based in Stuttgart and Munich, Germany and is one of Europe’s top names in venture capital. The Grazia Equity and JP Ventures teams have helped to build over 40 successful European and American businesses.

“We believe Starboard Storage has the right team and technology and we are excited about our partnership with them. The combination of Starboard Storage Systems’ leading solutions and the team’s proven ability to execute sets it apart from other storage startups,” said Jan Philippiak, managing partner, JP Ventures GmbH. “We are pleased to provide the funding to accelerate the growth of its customer base and build strong reseller relationships that will make it the winner in this market.”

The Starboard AC72 Storage System, with its innovative MAST Architecture and support for both solid state and hard disk drives, dramatically simplifies storage management in modern IT environments by leveraging patented dynamic pooling and autonomic storage tiering technologies. The AC72 delivers twice the performance at half the cost of competing unified storage systems.

“Over 1.5 Petabytes of our AC72s have been sold and installed since the launch a few months ago. This is a strong validation that our Application-Crafted Storage solution is ideal for consolidating the management of mixed workloads,” said Victor Walker, chief executive officer, Starboard Storage Systems. “We will use these funds to expand sales, marketing and operations to support our rapidly growing customer demand.”

“Starboard Storage has great traction within the SME marketplace with more than 50 resellers actively selling the AC72,” stated Bill Chambers, executive chairman, Starboard Storage Systems. “Starboard Storage is well positioned for success.”

About Starboard Storage Systems:
Starboard Storage Systems is the innovator in Application-Crafted Storage™ systems for mixed workloads. Starboard Storage tackles the toughest storage problem facing small and medium enterprise (SME) IT administrators today — managing mixed storage workloads that include unstructured, virtualized and structured data. Starboard’s AC72 Storage System delivers on the promise of sophisticated yet easy-to-manage storage for mixed workload environments. Starboard’s MAST architecture delivers twice the performance at half the cost of competing unified storage systems. http://www.starboardstorage.com twitter: @starboardstorag
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