Israel Storage Company Reduxio Raises Funds From Seagate, Intel



Israel’s Reduxio Systems, a developer of computer storage technology, said on Monday it has raised $15 million in a funding round led by Seagate Technology. Storage company Seagate was joined by existing investors – Israeli venture capital firms Jerusalem Venture Partners and Carmel Ventures – as well as by Intel Capital, the VC arm of Intel Corp. The company will use the funds to accelerate product development and support marketing.

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