Tech Company Financing Transactions

Avere Systems Funding Round

On 7/11/2012, Avere Systems landed $20 million in Series C funding from Lightspeed Venture Partners, Menlo Ventures and Norwest Venture Partners.

Transaction Overview

Company Name
Avere Systems
Announced On
7/11/2012
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series C
Investors

Lightspeed Venture Partners (Lead Investor) (Christopher Schaepe)

Menlo Ventures (John Jarve)

Norwest Venture Partners (Matthew Howard)

Tenaya Capital (Brian Paul)

Proceeds Purpose
The funding will be used to advance the market penetration of the company's FXT Series Edge filers, which are an integral building block for an Edge-Core architecture for NAS that ensures enterprise IT is best positioned to leverage the performance benefits of Flash, the consolidation benefits of virtualization and the collaborative and economic benefits of the cloud.

Company Information

Company Status
Acquired or Merged
Industry
Storage
Mailing Address
910 River Ave.
Pittsburgh, PA 15212
USA
Phone
(888) 882-8373
Website
www.averesys.com
Email Address
[email protected]
Overview
Avere Systems provides Demand-Driven Storage solutions that dynamically organize data in response to business demand. Our long-term vision is a storage network in which the delivery of data is no longer compromised by residing within the same storage tier as data retention functionality, both within the data center and out into the cloud.
Profile
Avere Systems LinkedIn Company Profile
Social Media
Avere Systems Company Twitter Account
Company News
Avere Systems News
Facebook
Avere Systems on Facebook
YouTube
Avere Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Ronald Bianchini
  Ronald Bianchini LinkedIn Profile  Ronald Bianchini Twitter Account  Ronald Bianchini News  Ronald Bianchini on Facebook
Chief Financial Officer
John Dean
  John Dean LinkedIn Profile  John Dean Twitter Account  John Dean News  John Dean on Facebook
Chief Technical Officer
Michael Kazar
  Michael Kazar LinkedIn Profile  Michael Kazar Twitter Account  Michael Kazar News  Michael Kazar on Facebook
VP - Bus. Development
Mike McMahon
  Mike McMahon LinkedIn Profile  Mike McMahon Twitter Account  Mike McMahon News  Mike McMahon on Facebook
VP - Customer Service
Jeffrey Butler
  Jeffrey Butler LinkedIn Profile  Jeffrey Butler Twitter Account  Jeffrey Butler News  Jeffrey Butler on Facebook
VP - Engineering
David Stephenson
  David Stephenson LinkedIn Profile  David Stephenson Twitter Account  David Stephenson News  David Stephenson on Facebook
VP - Marketing
Rebecca Thompson
  Rebecca Thompson LinkedIn Profile  Rebecca Thompson Twitter Account  Rebecca Thompson News  Rebecca Thompson on Facebook
VP - Sales
Chris Bowen
  Chris Bowen LinkedIn Profile  Chris Bowen Twitter Account  Chris Bowen News  Chris Bowen on Facebook

 

 

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Prev: 7/11/2012: MiCardia venture capital transaction
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