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ScaleIO Raises $12 Million For Software-Based Storage To Compete Directly With EMC, IBM And Hitachi Data Systems

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http://techcrunch.com – ScaleIO has raised $12 million in a Series A round from Norwest Venture Partners (NVP), Greylock Partners, and private investors for its software defined storage technology. ScaleIO is one of a new breed of storage providers that use software to scale across thousands of servers. It’s software uses the hard disk on application servers to create high performance, shared virtual storage array networks (SAN). The company claims it gets 80 to 90% savings for its block storage technology compared to traditional SAN providers such as EMC, IBM and Hitachi Data Systems that have prospered over t (IT news)