Active Storage Completes Series A Investment Round.Media and Entertainment Industry Storage Provider Secures Backing from Intel Capital, Mission Ventures and Valhalla Partners Valhalla Partners, based in Vienna, Virginia, is a venture capital firm which seeks to build world-class technology companies. Valhalla assists the companies it invests in by offering both seasoned advice and best practices which have been developed over the last twenty years. TORRANCE, Calif. -- Active Storage, Inc. today announced that it has completed its Series A funding round lead by Intel Capital with top-tier venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] Mission Ventures and Valhalla Partners. The company founders were previously executives at Apple, Inc. where they were responsible for Server and Storage products. Their flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the award-winning Active Storage XRAID[TM], is used in the production and broadcast of high definition television and movies by leading media production companies around the world such as NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. Media, Televisa and The Golf Channel. "Our mission since our founding has been to create high-performance, easy-to-use storage for the world's top media companies. Since our launch, even in a tough market, we have had record sales each month and we see incredible growth ahead for the increasingly Apple-based creative media markets," said Alex Grossman Alexander Grossmann (Croatian: Aleksandar Grossman)(born in 1930) is a Croatian-French physicist at the Université de la Méditerranée Aix-Marseille II in Luminy campus who did pioneering work on wavelet analysis with Jean Morlet. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Active Storage, Inc. "We are very excited to work with firms of the caliber of Intel Capital, Mission Ventures and Valhalla Partners to build our next-generation products to meet the creative users' evolving needs." "Despite the market conditions we're pleased to find a tremendous amount of entrepreneurial activity in Southern California. Active Storage is attractive to us as a local company not only for its technology vision but also for the team," said David Ryan David Ryan is a stock investor who won the U.S. Investing Championship three times between 1985 and 1990. He is the protégé of William O'Neil. In July 1998 he founded Ryan Capital Management in Santa Monica, California, which is an investment advisory firm specializing in asset , managing partner at Mission Ventures, based in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . Mission Ventures predominantly focuses on early-stage investment opportunities in software, I.T. infrastructure and tech-driven services segments. "We welcome Active Storage to our portfolio and look forward to working with them as a new partner," said Charles Curran Charles Curran may refer to
Active Storage plans to use the capital for development of next generation products and to support sales and marketing efforts. About Intel Capital Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9.5 billion in over 1,050 companies in 47 countries. In that timeframe, 175 portfolio companies have gone public on various exchanges around the world and 241 were acquired or participated in a merger. In 2008, Intel Capital invested about US$1.59 billion in 169 investments with approximately 62 percent of funds (excluding Clearwire) invested outside North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com. About Mission Ventures Mission Ventures helps build successful enterprises in Southern California and creates superior returns on investment for its investors. This is accomplished by investing in the most promising early-stage companies in high growth, emerging markets, and providing significant assistance to those companies as they develop. The Partnership brings value-added capital, experience, management talent, and guidance to the most outstanding and innovative ideas and entrepreneurs in the region. For more information visit http://www.missionventures.com/ About Valhalla Partners Valhalla Partners is a trusted partner and advisor to technology entrepreneurs in their quest to build world-class companies. Based in Vienna, Virginia, the firm's management team has made more than 120 investments over the past 20 years and produced almost $1 billion of investment proceeds. Valhalla prefers investments where the mission of the company is to innovate, challenge and fundamentally change the dynamics of new and existing markets. Investments by Valhalla's team include Advertising.com, BDMetrics, CareerBuilder.com, Clarify, EnterpriseDB, Epicor, Exchange Solutions, JumpTap, LeftHand Networks, Mobius, NextLink, Nirvanix, Progress Software, Proxicom, RealOps, Register.com, Riverbed Technologies, SafeNet, SEPATON, ServiceBench, Trilogy, and webMethods. Valhalla Partners brings the full power and network of its experienced team to every investment it makes, helping companies grow faster and smarter regardless of size or maturity. For more information, go to www.valhallapartners.com. About Active Storage Active Storage, Inc. leads the innovation of hardware RAID solutions for Apple-based infrastructures throughout the business and creative industries; particularly for video post-production, broadcast, publishing, education and science markets. Active Storage's products deliver a best-of-breed user experience, award-winning industrial design with the performance needed to make even complex storage solution deployment fast and easy. Copyright 2009 Active Storage, Inc. All rights reserved. Active Storage XRAID and the Active Storage logo are trademarks of Active Storage, Inc. iPhone is a trademark of Apple, Inc. Apple, Mac OS X, Bonjour, Cocoa, Dashboard, Xsan, and Xserve are registered trademarks of Apple, Inc. All other company name or product names may be the trademarks of their respective owners. |
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