RainStor Ramp Rolls On
May 29, 2010 Leave a comment
When I last spoke to Rainstor, a new round of funding had just come in and prospects seemed bright. It could hardly have happened at a better time. A recent Information Week study of 437 business technology professionals showed that more than half are managing over 10 TB of data, 7% managing 201-500 TB, and 8% more than 500 TB. The study says that “for the first time enterprise storage architects are more worried about meeting capacity demands than they are about data security.” On the heels of the Economist’s recent assertion that more data is being generated than storage being built to contain it, the issue is more critical than ever. Read more of this post

came in from Informatica, Storm Ventures and its previous investors Doughty Hanson Technology Ventures and The Dow Chemical Company. RainStor plans to “use the funding to expand into new markets, grow its partner base, and invest in product development and R&D” says the press release.
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