EXANET raises $18 Million in Round of Financing Led by Coral Capital Management

Exanet announced that it has secured $18 million in its recent oversubscribed round of financing. Exanet’s current investors include Evergreen Venture Partners, Intel Capital, Microdent, Kodak Polychrome Graphics, CSK Fund (Hitachi) and others. The latest round was led by US fund Coral Capital Management and included QVT Fund LP, a multistrategy hedge fund, as well as existing investors.

Exanet’s clustered NAS solution delivers a new data storage paradigm to address the trends that are driving the future of data centers: virtualization, standardized hardware, and applications demanding the most extreme standards of performance, capacity and high- availability. . Exanet’s software-based open architecture delivers the best price/performance in the industry, dramatically increased utilization and, for the first time, offers a no end-of-life storage solution. Exanet has been adopted by customers ranging from traditional enterprises such as manufacturing and graphic arts to Next Generation ventures including telecom, active archiving, digital broadcasting, video surveillance and storage service providers. Some 100 customers worldwide manage over 3 Petabytes of content using Exanet software. With headquarters in Israel, US headquarters in New York and offices in Europe and the Pacific Rim, Exanet sells its flagship ExaStore – ICM (Intelligent Cluster Management) solution through its channel partners worldwide.

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