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Nirvanix Gets $25M In Series C

socalTECH

San Diego-based cloud storage provider Nirvanix announced this morning that it has raised over $25M in a Series C funding round, which it says will go to "significantly expand" its engineering organization. It appears that the funding comes after a sudden surge in revenue and adoption of the firm's services.

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Nirvanix Powers Ooyala

socalTECH

According to Nirvanix, Ooyala is using Nirvanix to help its customers store and manage HD-quality video. Nirvanix is backed by European Founders Fund, Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures. Financial impact of the partnership was not disclosed. READ MORE>>

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