Louisville-based shared storage performance firm NexGen Storage has completed an oversubscribed $10 million round of funding. The financing was led by new investor Next World Capital, along with prevailing investors Grotech Ventures and Access Venture Partners.
NexGen, which emerged from stealth on November 8, concurrently began offering its flagship product NexGen n5 Storage System. The proceeds will be used to expand sales, marketing, engineering, and operations activities to help boost customer demand. NexGen will sell solely through resellers and is in the process of signing partners across the country.
Click here for the release from Business Wire.