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Coraid Collects $10 Million First Venture Capital Round

Wednesday, January 27, 2010 5:54:00 AM PDT | VentureDeal Staff

San Clemente, California  --  Storage company Coraid has garnered $10 million in its first institutional venture capital investment financing.

Coraid has created what it calls a "breakthrough line of EtherDrive storage solutions", with a 5-8x price performance advantage over legacy storage systems.

Investors in the round included Allegis Capital, Azure Capital Partners and other undisclosed investors.  Proceeds purposes from the funding round were not disclosed.

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