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Gridstore Raises $12.5 Million In Series A Financing For Grid-Based Scale-Out Storage

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http://techcrunch.com – Gridstore has raised $12.5 million in Series A funding for its scale-out storage offering. The round was led by GGV Capital and Onset Ventures along with participation from existing investors. The investment brings the company’s total venture funding to $15 million. Gridstore offers a software-based storage system that provides a simple “building block,” method for scaling out storage.  Gridstore makes the claim that it brings the era of mainframe style monolithic storage and its disruptive forklift upgrades to an end. It does this by virtualizing storage over a distributed (IT news)