Deal Announcements

BlueArc Grabs $20 Million Venture Capital Investment

Thursday, July 29, 2010 5:50:00 AM PDT | VentureDeal Staff

San Jose, California  --  Storage software company BlueArc Corporation has secured $20 million in new venture capital financing.

BlueArc has developed network storage solutions that reduce operating costs by the movement of software functions into programmable hardware.

Investor Growth Capital led the round, which also included Meritech Capital Partners, Morgenthaler Ventures, Crosslink Capital and other investors. The company said it would use the funding to ramp development and continue to increase headcount in all areas.

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