Nexenta Raises $24M

Mountain View-based Nexenta Systems, which is developing software defined storage products, said today that it has raised $24M in a Series D funding round. The round was led by Four Rivers Group, and also included Menlo Ventures, TransLink Capital, Javelin Ventures, Sierra Ventures, Razorís Edge Ventures, and West Summit Capital, along with Presidio Ventures and UMC Capital. As part of the funding, the firm said it has named Mark Lockareff as CEO, with former CEO Evan Powell becoming Chief Strategy Officer. More information »