Cleversafe Raises $55M For Object Storage Service That Turns Data Into Tiny Pieces

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http://techcrunch.com – Cleversafe has raised $55 million to invest in the expansion of its object storage business. This Series D funding round was led by New Enterprise Associates (NEA) with participation from all major existing investors. The Chicago-based company now has more than $100 million in funding. Cleversafe, used by services such as photo-sharing service Shutterfly, slices data into little pieces that are distributed to separate disks, storage nodes and geographic locations. The company’s algorithms reconstitute the granular pieces of data based on the customer’s query. Cleversafe’s fortunes h (IT news)