October 27, 2014

OpenStack Venture Funding Marches On as SwiftStack Secures $16M

If you observe the old adage "follow the money" right now, it seems that you'll be led straight to OpenStack. Today, there is yet more news about venture funding for an OpenStack-focused startup. SwiftStack, which specializes in software-defined storage based on the OpenStack cloud platform, announced that it closed $16 million in funding to scale its efforts to enable storage scalability for the enterprise.

The Series B round was led by OpenView Venture Partners as well as existing investors Mayfield Fund, Storm Ventures and UMC Capital. SwiftStack has now raised a total of $23.6 million.

 

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