October 7, 2014 | The hybrid storage developer Reduxio Systems closed a $15 million Series B funding round led by Seagate Technology together with Jerusalem Venture Partners (JVP), Carmel Ventures and Intel Capital. The latest funding round comes a year after the Series A funding round that raised $12 million. According to the company, the funds will help accelerate product development and go towards supporting its go-to-market plan. As part of the investment round, Seagate will get a seat on the company’s board. Reduxio Systems was founded in 2012 with the goal of creating a next generation storage platform using Flash technology, high-capacity magnetic disks and a new space efficiency called NoDup.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
![](https://nocamels.com/wp-content/uploads/2018/02/INSIGHTEC-350x180.jpg)
Israeli Ultrasound Creator Collaborating On Neuroscience R&D In US
September 05, 2024
![The Weizmann Institute of Science. Photo via the Weizmann Institute of Science](https://nocamels.com/wp-content/uploads/2018/07/weizmann-350x252.jpg)
Weizmann In World’s Top 10 For Biomedical And Overall Research
September 05, 2024
![](https://nocamels.com/wp-content/uploads/2024/09/Depositphotos_75148477_L-350x228.jpg)
Israeli NGO Begins New Mental Health Training In Ukraine
September 04, 2024
![](https://nocamels.com/wp-content/uploads/2024/09/17123254699_79ff768811_ks-350x213.jpg)
Nonprofit Launches Loans For Stricken Northern Israel Businesses
September 04, 2024
Facebook comments