Battery Leads Series A Financing for Data Storage Innovator GreenBytes

Mon Sep 14, 2009 9:57am EDT

* Reuters is not responsible for the content in this press release.

GreenBytes Introduces Newest Line of Ultra High-Performance, Capacity-Optimized
Storage Appliances
WALTHAM, Mass. & MENLO PARK, Calif.--(Business Wire)--
Battery Ventures today announced that it has completed an $8M Series A
investment in Rhode Island-based GreenBytes Inc., a developer of optimized data
storage appliances. GreenBytes` storage appliances bring high performance inline
deduplication to primary storage applications. The GB-X family of storage
appliances, which are being unveiled today, re-define price performance in the
data-protection, VM-optimized and storage consolidation markets. Additional
detail about the technology can be found in today`s news release

"Data is growing exponentially and choking data center floors and IT budgets
alike," said Sunil Dhaliwal, general partner, Battery Ventures, and new
GreenBytes board member. "Customers will simply not stay afloat amid the rising
tide of digital data unless they radically re-shape the traditional equation
that governs the cost, performance, power consumption, and management of their
storage. It is easy to see why GreenBytes` capacity-optimized storage technology
is getting an excellent reception from customers, partners and industry
analysts. This is a veteran team with a powerful technology, and we`re pleased
to work alongside them as they pursue the fastest growing segment of the $20
billion network storage market." 

"We`ve hit an exciting set of milestones today with the announcement of Battery
Ventures` investment, and the introduction of our latest product line, the
result of years of intensive R&D and work with customers," said Bob Petrocelli,
chief executive officer of GreenBytes. "We`re looking forward to delighting our
customers and channel partners with our revolutionary take on deduplication and
capacity-optimized storage." 

About GreenBytes, Inc.

GreenBytes, Inc. is a provider of high-performance, energy-efficient
deduplication storage appliances. GreenBytes` high-performance inline
deduplicating storage appliances incorporate energy-efficient technologies and
the industry`s highest levels of scalability and reliability in an easy-to-use,
cost-effective package, designed to bring the benefits of data deduplication to
the broader storage market. GreenBytes was founded in 2007 and is based in
Ashaway, Rhode Island. For more information, visit: 

About Battery Ventures

Since 1983, Battery has been investing in technology and innovation worldwide.
The firm partners with entrepreneurs and management teams across technology
sectors, geographies and stages of a company`s life, from start-up and expansion
financing, to growth equity and buyouts. 

Battery has supported many breakthrough companies around the world, including:
Airespace (acquired by Cisco), Akamai Technologies (NASDAQ: AKAM), BladeLogic
(acquired by BMC Software), Netezza (NYSE Arca: NZ), Omniture (NASDAQ: OMTR),
and ProfitLogic (acquired by Oracle). Its current portfolio includes such
emerging firms as: Angie`s List, Bazaarvoice, Exact Target, ITA Software, and
Neocleus. Battery currently manages more than $3B in committed capital. For more
information, visit: 

Michael Robinson, 401-315-5580
SVM Public Relations
Jill Colna, 401-490-9700
Battery Ventures
Karen Bommart, 781-478-6672

Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.