Thursday, October 13, 2011

Avalon Ventures Backs TwinStrata

La Jolla-based venture capital investor Avalon Ventures is the lead in a round for cloud data storage firm TwinStrata, TwinStrata said today. TwinStrata, which is based in Masachusetts, said that Avalon lead its Series B funding round, which was worth $8M. Avalon's investment in TwinStrata was headed by Rich Levandov. TwinStrata develops a cloud storage gateway, which is an appliance which connects enterprises into cloud-based data storage services such as Amazon, Rackspace, and many others. Avalon also has offices in Massachusetts. More information »