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Article: Compellent Secures Over $14 Million in Additional Financing; Cargill Ventures Leads Round Including Existing Investors El Dorado Ventures And Crescendo Ventures.
- Article from:
- PR Newswire
- Article date:
- July 17, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS, July 17 /PRNewswire/ -- Compellent Technologies, a rapidly emerging network storage company, today announced that it has secured over $14 million in additional financing from Cargill Ventures and existing investors El Dorado Ventures and Crescendo Ventures. This latest financing brings the company's total funding to over $23 million.
Compellent is developing a new storage architecture delivering the utmost flexibility to store, manage, and recover mission-critical data. Based on achieving significant development milestones, this additional capital enables Compellent to expand its product development, channel sales, and marketing programs. The ...