Maginatics Finds $17M For Unfiied Cloud Storage Software

Mountain View-based Maginatics, a developer of cloud-based, unified storage software, said today that it has raised $17M in a Series B funding. The funding was led by Intel Capital, and also included WestSummit Capital, Comcast Ventures, Atlantic Bridge, and VMware. Maginatics develops a cloud-based, file system (magFS) which offers up network attached storage (NAS) capabilities in the cloud. The company is aiming its products at the enterprise. The company is led by Amarjit Gill. More information »