Maxta Accelerates Transformation to Converged Data Centers with $25 Million Series B Funding Round

Leading venture capital firms validate need for hyper-converged enterprise data centers and software-defined storage

Sunnyvale, Calif., May 7, 2014 – Maxta, a developer of the VM-centric storage platform MxSP™ that turns standard servers into a converged compute and storage solution for virtualized environments, today announced that it has closed a $25 million Series B funding round led by new investors Tenaya Capital andIntel Capital. Existing investor Andreessen Horowitz also participated in this round.Maxta will use the new funding to increase its investment in product development and to expand its marketing, sales and support efforts. Read Full Article

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