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Terascala Secures Venture Capital Debt

Thursday, July 3, 2014 5:45:00 AM PDT | VentureDeal
   Avon, Massachusetts  --  Storage technology company Terascala has received $754,000 in venture capital debt investment, according to an SEC filing.

Terascala has developed new scalable storage appliances that "balance the needs of Linux clusters from moderate sizes to the largest clusters being employed."

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

Terascala is backed by a syndicate of venture capital and strategic investors.

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