StorSimple Selected to Dow Jones VentureWire “Top 50 Startups to Watch” List
Posted by Ian Howells on Thu, Oct 14, 2010 @ 11:28 AM
StorSimple Recognized as Only Enterprise Cloud Storage Vendor in Top 50
Santa Clara, Calif. – October 14, 2010 – StorSimple announced today that it has been selected as one of the “Top 50 Startups to Watch” in the list published by Dow Jones VentureWire. According to a Wall Street Journal article, Dow Jones VentureWire examined hundreds of technology startups that have raised venture capital during this challenging economy and chose 50 of the most promising ones to watch. Top venture capitalists, technology experts and Dow Jones editors hand-picked these 50 startups to be featured at Dow Jones VentureWire FASTech, Nov. 3-4 in Redwood City, Calif.
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“Venture capitalists often say the best start-ups are funded during recessions because these companies know how to keep operations lean and mean,” said Ursheet Parikh, founder and CEO of StorSimple. “The cloud is a once-in-a-decade disruption. The fact that we are the only enterprise cloud storage vendor to be selected reflects that what enterprises want today is a way to manage the explosion of corporate content, by securely integrating cloud storage into familiar enterprise applications, such as SharePoint, Exchange or files shares, without being forced to move applications into the cloud.”
StorSimple recently announced that is has raised $13m in series B funding led by the Mayfield Fund, the original investor in 3PAR. Participation in this round included new investor Ignition Partners and both existing investors: Index Ventures and Redpoint Ventures.
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About StorSimple
StorSimple has developed an application-optimized hybrid cloud storage solution for SharePoint, Exchange, Windows Files Services, Virtual Machines (VM), and Virtual Desktop Infrastructure (VDI) that delivers consistent storage performance at scale, significantly simplifies data protection, and reduces cost by up to 90 percent compared to traditional enterprise storage used with these applications. StorSimple is based in Silicon Valley and is funded by Ignition Partners, Index Ventures, Mayfield Fund, and Redpoint Ventures.
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Agency Contact:
Georgiana Comsa
Silicon Valley PR
(408) 435-1500
georgiana@siliconvalleypr.com
