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Venture Capital News: Terascala Raises $10.6M

2012-04-20
AVON, MA, Leading provider of highly-scalable 'Fast Data' storage software and systems, raised $10.6 million in equity.
Terascala Inc., a storage company, has raised $10.6 million in equity, according to SEC filings. Seven separate investors participated in the offering.

Terascala is the leading provider of highly-scalable 'Fast Data' storage software and systems. Our scalable storage appliances leverage Lustre, an extremely high-throughput open source parallel file system having virtually unlimited performance scalability. Unlike existing proprietary solutions, Terascala's unique management system, TISIS (Terascala Integrated Storage Information System), when integrated with Lustre, enables an easy-to-use appliance that is ideally-suited for environments with limited complex storage experience. Without the Terascala management system, Lustre takes weeks and months to install, tune, and administer. In contrast, Terascala file storage can be deployed in less than a day, requires no additional administration, and is the fastest and most scalable file storage available in the market today. Terascala based solutions are deployed across a range of markets, including National Labs, University Research, Life Sciences, Energy, Design, Aerospace, Defense, and Media.

Founded in 2005 to focus on solutions for performance driven environments, the team that founded Terascala brings years of experience in technology-based product companies. Early in their careers, team members earned their stripes at Digital, IBM, and other computing pioneers. Most began working together at Network Engines, which designed and built high-density, clustered, networked storage and server appliances. They continued their collaboration at Ammasso, which delivered the industry's first RDMA-enabled Ethernet adapter, bringing the benefit of high performance and low latency to the expanding world of large scale, commodity-based computing.
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