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Terascala Closes Additional Funding Based on Strong OEM Sales and Release of ISB
Date:11/5/2013

“I am excited to announce the additional funding and the continued support of our investor syndicate. They are seeing the OEM sales growth and also hearing from enterprise customers that TeraOS-powered storage platforms in combination with ISB help establish the most efficient HPC infrastructure. Users are empowered with an easy to use, highly scalable, and highly reliable file system, rich analytics to optimize performance, and a high performance workflow with direct access to their project data at any point in the workflow," said Steve Butler, CEO for Terascala.

“Terascala is making great strides in its OEM business model, and we are excited about the company’s future. We were particularly pleased to see the growth and initial sales of the ISB with Dell, NetApp and other channel partners; we believe that the company will continue to grow at a rapid rate and are pleased to be an investor in the company,” added Walter Dick, Managing Partner, Ascent Venture Partners.

About Terascala

Terascala is the fast data company. Terascala storage appliances dramatically accelerate the time to insight for organizations that rely on simulation, analysis, and modeling tools to bring new products and innovation to market. Exclusively available through strategic partners Dell and NetApp, Terascala storage appliances provide on-demand throughput at multiple gigabytes per second while leveraging industry-leading storage platforms for long-term data protection. Learn more at http://www.terascala.com/.

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