Gridstore evolves storage out of the Neolithic period - Reuters

Data storage startup Gridstore has raised $12.5 million in its first round of funding. VentureBeatDealsUpdatedGridstoreevolvesstorageoutoftheNeolithicperiodByRebeccaGrant2MinReadMonolithicrocksmayhavebeenthego-toconstructionmaterialsinthedaysofStonehenge,buttoday,webuildwithmoreflexiblematerials.Asimilarevolutionishappeningwithdatastorage.Gridstorehasraised$12.5millioninitsfirstroundoffunding.ThecompanymanufacturesTheGrid,aphysicalboxthatstoresdatausing“simplebuildingblocks”ratherthanmainframe-stylemonolithicstorage.Ascompaniesscale,theycanaddlayerstothebox.Thisallowsforscalingandcutsdownonwastedcapacity,aswellascost.FunctioningonitsvControllertechnology,Gridstoreleveragesvirtualizationtodistributedataacrossnetworksandmorepowerfullyprocessinformation.Itofferssolutionsforbackupandrecovery,filesharing,storageconsolidation,andcloudstorage.Gridstoreclaimstobethefirsttomarketwiththistypeofproduct,andfounderKellyMurphyforeseestheusheringinofanewera.“It’stheendofbigstorage,”hesaidinastatement.“Thedynamicsofenterprisestoragerequirementsarechanging,and30year-oldlegacytechnologydoesn’tcutitanymore.”GGVCapitalandOnsetVenturesledthisinvestment.Itbringsthetotalfundingto$15million.GridstoreisbasedinMountainView,Calif.Readthepressrelease.Filedunder:BigData,Dealsfor-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up